Liquid Network Governance
Liquid is governed by its federation of members, while users are always able to verify activity on the network via Liquid full nodes.

Liquid Federation Structure

Functionaries

Functionaries run specialised HSM hardware to confirm transactions and secure the network’s Bitcoin funds.

Members

In addition to the ability to peg-out Liquid Bitcoin, Liquid members vote on board elections and network updates.

Full Nodes

Liquid full nodes ensure functionaries are behaving correctly by verifying transactions and peg-ins.

Liquid Federation Boards

Liquid governance is maintained by three boards responsible for membership, oversight, and technology. Each board consists of five federation members that are voted on annually by the federation.

Membership Board

Develops criteria and provides recommendations for membership inclusion or removal.
Justin Dhingra
CRYPTO GARAGE
Salim Karaman
BTCTRADER - BTCTURK
Zhao Dong
RENRENBIT
Greg Carson
XBTO GROUP

Oversight Board

Recommends internal rules for membership structure and management, and oversees the network’s status.
Jonathan Underwood
BITBANK, INC.
Brian Wong
BTSE
Leor Tasman
PRYCTO
Claudio Levrini
POSEIDON GROUP
Yuichi Furuta
BTCBOX

Technology Board

Works with Blockstream to develop a technical roadmap based on the needs of Liquid Network members.