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Accumulate is designed to execute a fixed strategy while allowing limited governance over protocol operations and long-term maintenance.
Governance exists to safeguard the system, not to actively manage strategy.

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Governance Scope

Governance applies to:
  • Protocol operations
  • Upgrades within predefined bounds
  • Parameter management (where permitted)
Governance does not direct day-to-day execution or respond to market conditions. The core strategy runs by default and does not require governance input to function.

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DAO Governance

$ACCU Token Governance

Accumulate uses a DAO-based governance system where $ACCU holders may propose and vote on governance actions according to defined rules and thresholds.
Governance decisions are executed onchain where applicable.
The DAO provides collective oversight and coordination, not active strategy control.

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Treasury Custody

Bitcoin accumulated by the protocol is held using a Safe multisig treasury wallet.
The multisig exists for secure custody of treasury assets and operational safety. It does not intervene in protocol execution or strategy logic.
Signers are limited in number and subject to predefined permissions. The structure prioritizes security while preventing single points of failure.
The multisig cannot sell treasury Bitcoin, alter protocol logic, or override smart contract execution. Its role is strictly custodial.

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Separation of Responsibilities

Execution

Enforced by smart contracts. No human intervention in core protocol flow.

Governance

Defines allowed operational changes. Bound by predefined scope and limitations.

Treasury Custody

Handled through multisig security. Focused on asset protection, not strategy.

Key Principle

No single component has unilateral control over the system.

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Upgrade Boundaries

Protocol upgrades are limited to:
  • 🔐 Security improvements
  • 🔧 Maintenance and bug fixes
  • ⚙️ Operational enhancements
Upgrades do not alter the accumulation mandate or introduce active treasury management.

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What Can Never Change

The fundamental rule—accumulate Bitcoin and never sell—cannot be modified through governance.
Governance cannot authorize selling, lending, or deploying treasury Bitcoin.
The routing of fees to Bitcoin accumulation and token burns is fixed.