Unergy
  • ☀️Introduction
    • Abstract
    • Motivation
  • 🔃Protocol
    • Introduction
    • The uWatt: A stable currency collateralized in clean energy
      • uWatt reference value
    • Project origination
      • pWatt tokens
      • Project milestones
    • The Swap
      • Swapping pWatts into uWatts
      • External pWatt holders
      • Swap factor
      • pWatts ‘outside’ the Reserve
    • Energy tokenization and generation tracking
      • Tracking of energy monetization
      • Renewable Energy Certificates (RECs)
    • Management of funds in the Reserve
      • Collecting project income
      • Operation and maintenance expenses
      • Liquidity pool funding
      • Depreciation compensation
        • Asset value calculation
        • Asset depreciation compensation
        • Avoiding overcompensation
      • Distribution of rewards
  • 🗳️Governance
    • Overview
    • Choosing the cash flow discount rates
    • Protocol upgrades
    • Milestone validation
  • 💡Remarks
    • Types of projects
      • Self-consumption projects
      • Utility-scale solar energy Projects
    • Nature of the Unergy Protocol tokens
      • Nature of the uWatt token
      • Nature of the pWatt tokens
    • Incentives for funding Projects
  • 🚒Risks and mitigation
    • Origination risks
      • Delays in the construction or procurement phase
      • Failure to install the Project
    • Real-world funds management
    • Project qualification
      • Technical feasibility
      • Financial feasibility
    • Installer qualification
  • 📓Miscellaneous
    • Protocol implementation
    • Definitions and terminology
Powered by GitBook
On this page

Was this helpful?

  1. Governance

Protocol upgrades

PreviousChoosing the cash flow discount ratesNextMilestone validation

Last updated 1 year ago

Was this helpful?

The Unergy Protocol is implemented as a that run on the Polygon blockchain. It is designed in such a way that the can be upgraded for any of the following reasons:

  • To fix bugs in the Protocol logic

  • To modify the behavior of the Protocol

  • To implement new features or update the older ones

For this, new contracts need to be deployed, and the old contract addresses are replaces on the Proxy contracts. In order to do this, a proposal through the Governance system has to be submitted. The changes will be subject to the scrutiny of the Unergy community during a review period, where the correctness and quality of the implementation is assessed. Finally, the community votes on whether to implement the changes or not, giving the Unergy community the ultimate control over the Protocol behavior.

🗳️
set of smart contracts