Mango Markets will restrict multi-signature wallets before v4, and changes to the program need to be approved by all DAO holders

Mango Markets, a Solana-based decentralized exchange, tweeted that it will restrict multi-signature wallets before the v4 launch to mitigate immediate security threats. By limiting multisig, all other changes to the program require approval by all DAO holders. In the case of "response to unforeseen market dynamics", "asset risk parameters allow for economic attacks on the protocol or insurance fund, the decrease-only mode prevents deposits, purchases, borrowing, and increasing positions, and then the DAO can vote to stop trading, Mandatory settlement and update of risk parameters.” In the “response to program code vulnerability disclosure” situation, “Part A of the program allows unauthorized access to funds, and the security committee can disable the relevant instructions, which may render the program part unusable due to potential Critical code paths are blocked until the DAO approves programmatic updates.” The Restricted Security Committee effectively “empowers token holders to be active stewards and guardians of the protocol.”