2.4. Core Operational Flows

While the Protocol is immutable and the direct impact of Governance on the Protocol’s behavior is limited to the Governance Controlled Parameters (the set of variables that can be modified by Governance votes and that have an impact on the Protocol's functioning) and the permissioning of certain Actors, calls of Protocol functions should go hand in hand with off-chain processes that the Actors must comply with. The following processes are, at the current state of technology and collateral eligibility, to be considered binding for all Actors.