1. Chain Control

SIP: A SuiHubs Improvement Proposal

SIP-1: SuiHubs Improvement Proposal - 1: SuiHubs Proposal Framework

SuihubsDAO-governed chains: The SuiHubs One and SuiHubs Nova chains and any additional chains authorized by the SuihubsDAO

DAO Treasury: All $SUI tokens held in a governance smart contract governed directly by the SuihubsDAO and The Suihubs Foundation via on-chain voting mechanisms.

Governed Chains: Any SuihubsDAO-approved chains that are governed by the $SUI token

Non-Governed Chains: Any SuihubsDAO-approved chains that are not governed by the $SUI token

Votable Tokens: All $SUI tokens in existence, excluding any tokens held by The Suihubs Foundation and any unclaimed airdrops.

This constitution outlines the decision-making framework for the governance and authorization of SuiHubs-approved chains. SuiHubs may approve the creation of additional Layer-2 chains that settle to Ethereum using their technology, but each chain must be authorized by a corresponding SUI Improvement Proposal (SIP), and only one chain can be authorized in each SIP. If a chain is authorized by the SIP and governed by the SUI token and this constitution, it will be considered a Governed Chain. If authorized but not governed by the SUI token, it will be considered a Non-Governed Chain. All approved chains must settle to or on Ethereum. However, chains that utilize SuiHubs technology and settle to or on approved chains do not need authorization.

In the SuiHubs protocol, each chain can have one or more "chain owners" who can make administrative changes to a chain's core protocol, code, and parameters. They can also upgrade certain associated Layer 1 contracts and control affordances on the chain. With the creation of the SUI token and the SuiHubs platform, ownership privileges for both the SuiHubs One and SuiHubs Nova chains are shared between the SuiHubsDAO and the Security Council of The SuiHubs Foundation.

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