1 year ago
Developers of Polygon Labs connected Wednesday proposed a restructuring of the governance mechanics for the upcoming Polygon 2.0 roadmap, which seeks to make aggregate layer-2s connected the network.
Developers said the caller governance operation would dwell of “three main pillars,” each pertaining to a circumstantial function.
First would beryllium the enlargement of the Polygon Improvement Proposal (PIP) model – which allows users to suggest and probe upgrades for Polygon protocols – to each blockchains and applications that tally connected the Polygon network. This would let assemblage members to probe and suggest upgrades that whitethorn yet go portion of protocols.
Second, a “System Smart Contracts Governance” pillar that facilitates upgrades for protocol changes oregon bundle that is implemented arsenic a astute contract. Such changes would beryllium overseen by an Ecosystem Council, elected and governed by the community, made up of reputed members.
Third, a “Community Treasury” governance mechanics that supports the Polygon ecosystem's maturation and funds projects. It volition beryllium managed by an autarkic Community Treasury Board, yet transitioning to community-driven governance.
As such, Polygon Labs has urged the ecosystem’s stakeholders, specified arsenic developers and web validators, to sermon the governance plans arsenic these are taxable to assemblage approval.
Polygon’s MATIC tokens are down 1.1% implicit the past 24 hours and trading astatine 74 cents.
Edited by Parikshit Mishra.
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