1.1. Purpose of the Adopted Guidance

This initial version of the Adopted Guidance is a document produced and proposed by the M^0 Foundation, and approved through the M^0 Two Token Governor (or, more simply, Governance) that outlines the core rules of engagement that exist outside of the enforceable domain of the protocol smart contracts for the various actors in the M^0 ecosystem. In this document, Protocol refers to the deployment of the M^0 Protocol on the Ethereum blockchain under the protocol address which defines the rules upon which M can be minted.

The Protocol Address is as follows:

0x866A2BF4E572CbcF37D5071A7a58503Bfb36be1b

While Protocol governors cannot be forced to take action for any breach of these rules, it is implicitly expected that holders of the appropriate Governance tokens will act in accordance with this document, or else change it.

The Adopted Guidance describes certain actors, characteristics (e.g. Approved Jurisdictions for Collateral Storage), as well as business practices, binding contracts and business behavior. It also indicates, among other things, the type and composition of collateral that is eligible to back Owed M.

Ultimately, the Adopted Guidance exists as the guiding manifesto for core business practices within the M^0 ecosystem. The expectation is that as the ecosystem continues to grow and evolve, so will the Adopted Guidance through appropriate Governance oversight and approval. As such, this should be regarded as a living document that will continuously mature alongside the development of the M^0 project at large.