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Overview

Altura is structured with a minimal and carefully separated role system to ensure operational safety, limited trust assumptions, and predictable governance. Each role has clearly defined permissions, enforced through on-chain access controls and timelocked actions.

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Role Structure Overview

Altura uses a three-tier role system:
  • Guardian -Emergency authority
  • Operator - Oracle reporter & routine execution
  • Timelock Admin - Controlled configuration changes
Each role is isolated to prevent unilateral control or permission over critical functions.

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Guardian Role (Emergency Controls)

The Guardian is responsible for activating and deactivating the paused state of the protocol. Capabilities:
  • Pause the vault
  • Unpause the vault
  • Trigger emergency protections
Limitations:
  • Cannot move funds
  • Cannot modify strategies
  • Cannot alter PPS
  • Cannot change configuration parameters
Purpose: To suspend activity during irregular behavior, oracle anomalies, or market instability.

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Operator Role (Oracle & Routine Execution)

The Operator executes routine tasks necessary to maintain accurate protocol performance. Capabilities:
  • Submit oracle price updates
  • Trigger harvest or reporting cycles
  • Perform non-value-moving administrative functions
Limitations:
  • Cannot transfer assets
  • Cannot pause/unpause the protocol
  • Cannot modify core settings
Purpose: To maintain accurate PPS updates and operational continuity.

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Timelock Admin (Governance Layer)

All configuration-level changes require execution through a timelock contract, creating transparency and predictable upgrade paths. Capabilities (after delay):
  • Update oracle reporter address
  • Update guardian/role assignments
  • Adjust configuration parameters
  • Approve new strategy modules (future scaling)
Limitations:
  • Cannot bypass the timelock
  • Cannot execute immediate changes
  • Cannot move user assets
Purpose: Provide a controlled governance layer with built-in protection against rushed or opaque changes.

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Governance Principles

Altura adheres to strong governance standards:
  • Transparency: All role actions and timelocked operations are visible on-chain.
  • Separation of Duties: No single role can influence funds, PPS, or protocol safety alone.
  • Predictability: Timelocked execution ensures changes cannot be introduced unexpectedly.
Minimized Trust: Fund movement is restricted to approved vault logic only.

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Long-Term Governance Intent

As the protocol matures, governance may transition toward:
  • Multi-sig administration
  • Community governance modules
  • Institutional oversight frameworks
  • Risk councils or strategy oversight committees
These transitions will follow conservative rollout processes to preserve protocol safety