Governance

Some contract methods are callable only by the account 'owning' the kairos contract. This account is the same that can upgrade the protocol through the diamond pattern. Without upgrading the protocol, there is no governance method that can affect the terms of loans already issued, including their eventual liquidation. Admin methods are only used to change the behavior of future loans. Those methods can affect:

• the auction durations
• the initial price of the auction
• the interest rates lenders can use to emit loan offers (can only create new ones, can't delete any)
• the minimum amount to repay per loan offer used (set per ERC20)
• the borrow amount per offer lower bound, I.e the amount that must be strightly inferior to the amount borrowed from each loan offer (set per ERC20)