Polygon Unveils Plans for Decentralized Governance Framework
The Polygon team has announced its plans to create a new governance framework for its ecosystem, aiming for more decentralized control. Here are the key points:
– Polygon 2.0: Polygon is developing a network of zero-knowledge-powered Layer 2 chains as part of its new roadmap.
– Three Governance Pillars: The new governance model will focus on the governance of the core protocol, smart contracts, and community treasury governance.
– Inspiration from Ethereum: Polygon plans to assimilate Ethereum’s governance models and community-building techniques.
– Polygon Improvement Proposal (PIP) Framework: The PIP framework will be expanded to allow for better community participation in decision-making.
– Ecosystem Council and Community Treasury Governance: An “ecosystem council” will be introduced for smart contract upgrades, and a two-phase community treasury governance will fund ecosystem projects.
The Polygon team is inviting stakeholders, including validators, dApp developers, and users, to shape its governance framework. They aim to create a forward-looking framework for decentralized ownership and decision-making.
Hot Take:
Polygon’s move towards a more decentralized governance framework is a positive step for the ecosystem. By inviting stakeholders to participate in decision-making, Polygon is ensuring that the community has a say in the platform’s future. This approach aligns with the principles of blockchain technology and will likely lead to a more robust and inclusive ecosystem.
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