Skip to main content
All protocol-level decisions on StableNet — validator membership, WKRC minting, gas tip, and account restrictions — are made on-chain through quorum-based governance contracts.
StableNet replaces off-chain coordination with five system contracts deployed at genesis. No single party can change the validator set, mint tokens, or modify account flags unilaterally.

​
The five system contracts

All contracts are deployed at genesis, have no owner, and can only be upgraded via hard fork.

​
GovValidator — validators and gas tip

GovValidator manages who can produce blocks and what the minimum gas tip is. Validator set: Adding or removing a validator requires a governance proposal and quorum approval from existing members. Changes take effect at the next epoch boundary (~10 blocks). Each validator registers three keys: an operator key, a consensus key, and a BLS public key. Gas tip: The gasTip stored in GovValidator is the network-wide minimum maxPriorityFeePerGas. General accounts cannot override it. Query the current value with eth_maxPriorityFeePerGas.

​
GovMasterMinter and GovMinter — WKRC supply

WKRC supply is not algorithmically inflated. New tokens enter circulation only when a licensed institution deposits KRW fiat.
  • GovMasterMinter maintains the list of approved minters and their maximum mint allowance per address
  • GovMinter handles the proposal lifecycle: a minter submits proof of a KRW deposit, governance votes, and NativeCoinAdapter executes the mint once quorum is reached
Burning works the same way in reverse. The base fee is never burned — it goes to validators.

​
GovCouncil — blacklist and authorized accounts

GovCouncil manages two per-account flags enforced at the protocol level: These flags are stored in each account’s Extra field and are checked during every transaction and EVM call — not only at the RPC layer.

​
Developer benefits

  • The gas tip minimum is published on-chain — query it programmatically instead of hardcoding a value
  • Blacklist status is readable on-chain — check before sending to avoid unexpected reverts
  • Validator and minter changes are observable on-chain — index GovValidator events to track validator set changes