Organizational structure

There are multiple entities overseeing the governance and operation of the Taofu protocol.

Taofu B.V. is an operational company tasked with building and maintaining the Taofu protocol. This company also runs its own for-profit validator, while offering validator services to the Taofu Protocol for its own non-profit sake. It is also the sTAO minting entity and maintains business operations.

The Taofu Protocol Foundation is the interface facilitating collateral and liquid staked tokens. It is tasked with ensuring the longevity of the protocol, holding the Taofu treasury assets (including TAOFU and other assets), and executing the mandate to make protocol changes and award grants.

In addition to the aforementioned entities, external custody partner(s) also play a significant role in Taofu’s architecture by securing custody collateral in segregated accounts.

Version 1 of the protocol will go live with a set-up in which Taofu manages custody of TAO. Taofu will use an institutional grade set-up combining proxy-multisigs and a cold storage set-up that requires external (public) co-signers.

Furthermore, there are three committees that have special privileges during the sTAO minting process:

1. The Veto Committee can prevent minting requests from being executed during a safety window.

2. The Pausing Committee can pause sTAO minting (this is immediate) and unpause sTAO minting (this is time locked).

3. The Community Committee can change members of the pausing committee (this is time locked).