ASCP (Acre Security Council Proposal) ASCP-01
Introduction
The Acre Security Council (ASC) is a committee responsible for managing risks, overseeing protocol upgrades, and executing emergency actions within the Acre ecosystem.
Its key responsibilities include reviewing and approving vault strategies built on Acre before they proceed to a full DAO vote.
The ASC established an initial meeting on July 22 at 10:00am EDT (14:00 UTC) to introduce our inaugural council members, introduce our first governance vote, discuss and review items included in this vote, and provide instructions on how and where to cast votes.
Implementation
The ASC was delivered an initial package on Friday 7/18/2025 for review.
An initial meeting was held on July 22 at 10:00am EDT (14:00 UTC) to introduce our inaugural council members, introduce this governance vote, discuss and review items included in this vote, and provide instructions on how and where to cast votes.
Overview
The initial package included all materials for ASC review ahead of a key governance vote related to DAO setup and Phase 1 of Dispatcher v2 & Meta Vault deployment, and reviewed in full prior to our scheduled Council vote.
Summary of Items for Review & Approval
1. Foundational DAO Governance Documents
- DAO Constitution
- Deployment Policy
- Snapshot Voting Instructions
- stBTC to acreBTC Transition
2. Meta Vault Phase 1: Strategy & Partnerships
- Approval of Vault Deployment
- Vault Infrastructure, and Risk Management Partners were reviewed for framework and parameter-setting in order to approve for integration.
- Approvals of Key Ecosystem Partner
- Potential wallet partners and key terms for ecosystem partnerships were discussed in order to approve a pending agreement.
Why
The ASC has been formed as an interim step in the decentralization of the Acre protocol. At such time as the Acre DAO is established, the ASC shall be ratified by the DAO and its functions shall be subsumed by DAO governance.
How
Following the initial package review period, 7/18/2025 - 7/22/2025, the initial ASC vote will be launched at https://snapshot.box.
This governance vote will go live on Tuesday 7/22/2025 and will close 5 days later on 7/27/2025.
All ASC members have been Allowlisted using their confirmed Council Ethereum Addresses.
Members will connect to the official ASC Voting mechanism: Snapshot
Official Snapshot Website:
https://snapshot.box/#/explore
Acre Account:
https://snapshot.box/#/s:acrebitcoin.eth
Conclusion
The formation of the Acre Security Council (ASC) is the initial step in the decentralization of the Acre Protocol. This inaugural vote will introduce our council members, allow review and discussion of key initial governance items, and establish our process moving forward.