Polygon unveils new governance model: including three major governance pillars, and introduces "Ecological System Committee".
2023-07-19 09:13
Odaily News: The Polygon team has announced plans to create a new governance framework, aimed at further advancing the decentralization of the ecosystem. This development is in response to the Polygon 2.0 roadmap.
According to the team, the new governance model for Polygon will consist of "three governance pillars," with a focus on governing its core protocol, smart contracts, and community treasury management. In a blog post, Polygon noted that they drew inspiration from Ethereum's governance model and intend to adopt Ethereum's spirit and community-building techniques.
Other key features include an extension of the Polygon Improvement Proposal (PIP) framework, the introduction of an "ecosystem council" for governing upgrades to the system's smart contracts, and a two-stage community treasury governance to provide funding for promising ecosystem projects.
The Polygon team has invited stakeholders, including validators, dApp developers, and users, to participate in its governance. The team stated, "To achieve this goal, we have proposed a forward-thinking framework for decentralized ownership and decision-making for all Polygon protocols and the ecosystem." (The Block)
Earlier on June 13, Polygon announced the launch of Polygon 2.0 as a set of upgrade solutions aimed at becoming a unified network of L2 chains supported by ZK technology to establish a "value layer" of the Internet, enabling users to "create, exchange, and program value." These upgrades involve protocol architecture, token economics, and governance to provide scalability and unified liquidity through ZK technology.
According to the team, the new governance model for Polygon will consist of "three governance pillars," with a focus on governing its core protocol, smart contracts, and community treasury management. In a blog post, Polygon noted that they drew inspiration from Ethereum's governance model and intend to adopt Ethereum's spirit and community-building techniques.
Other key features include an extension of the Polygon Improvement Proposal (PIP) framework, the introduction of an "ecosystem council" for governing upgrades to the system's smart contracts, and a two-stage community treasury governance to provide funding for promising ecosystem projects.
The Polygon team has invited stakeholders, including validators, dApp developers, and users, to participate in its governance. The team stated, "To achieve this goal, we have proposed a forward-thinking framework for decentralized ownership and decision-making for all Polygon protocols and the ecosystem." (The Block)
Earlier on June 13, Polygon announced the launch of Polygon 2.0 as a set of upgrade solutions aimed at becoming a unified network of L2 chains supported by ZK technology to establish a "value layer" of the Internet, enabling users to "create, exchange, and program value." These upgrades involve protocol architecture, token economics, and governance to provide scalability and unified liquidity through ZK technology.
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