Governance mechanics $MORPHO ๐๐
๐โจ $MORPHO governance has explicit privileges including: control of governance treasury, ๐๐ ownership of upgradeable token contract, activating/adjusting the fee switch (0โ25% cap), ๐โก setting fee recipient, and whitelisting LLTV/IRM param sets for markets.
๐๐ฐ Because the fee switch is a governance-activated lever, ๐๐ณ revenue to treasury is political โ it requires proposals and votes. ๐๐