Who controls what

Nobody can

Take a vault's money

Vaults have no owner. Money only leaves as a claim to a pass holder

Change shares

Fixed when the passes are minted

Point a coin's fees elsewhere

The vault is the fee wallet and has no way to hand it on

Move your pass or listing

Only you, or someone you approve

The owner can

Cassa has one owner wallet, which can only:

• Choose where the market's 2.5% goes.
• Change the key that releases passes held for X accounts.
• Update how passes are drawn, until that's frozen for good. It can't change any numbers behind the picture.

None of these touch fees, shares, passes or listings.

Pons

Cassa sits on top of Pons, so Pons's own rules still apply. Pons can change a coin's fee wallet only through its own admin process, which has a 3-day delay.