What governance actually controls
Voters decide which projects get a vault and what fee they charge. Voters cannot move funds out of a vault, and no proposal executes itself. · 4 min read
What a vote can do
Governance approves a funding request into an asset, sets or changes a vault's management fee, and pauses or unpauses a vault. Each of these maps to a specific proposal kind and, where relevant, a specific on-chain action.
What a vote cannot do
There is no proposal kind that transfers depositor funds to anyone. Withdrawals are always the depositor's own transaction, validated against their own shares.
Passing is not executing
A passed proposal is an instruction, not an effect. An operator still has to build, sign and submit the transaction — and until they do, the project page says so plainly.