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Who controls what

The owner's powers, and what nobody can do.

WhoCanCannot
Platform ownerPause new pools; set the treasury; set the protocol share for future launches (up to 50%)Touch any existing pool, its rules, its liquidity, or fees already earned
Catalog ownerApprove community blocks and set their royalty (up to 20% of the protocol share); reject or retire blocksChange a live pool's blocks or settings; approve a block whose code changed after submission
CreatorClaim their fee share; hand creator rights to another walletChange their pool's rules or pull launch liquidity
Block authorSubmit blocks; hand authorship and future royalties to another walletChange an approved block's code or any pool's settings
AnyoneLaunch; open a market for any token; trade; add and remove liquidity; collect feesCreate a pool with the kernel outside the launchpad

Pausing only stops new launches and markets. Existing pools keep trading, and liquidity providers can always withdraw. Retiring a block only stops new pools from choosing it.