Governance

  • Type

Name

Governance

Description

Governance mechanisms play a vital role in determining the direction and decision-making process of a protocol. Within this type of governance, proposals can be created by the protocol's team or community members to introduce new features or even modify the governance framework itself. After thorough discussions and refinements, participants can vote on the proposed decisions. The weight of each vote is determined by the level of governance involvement, ensuring that individuals with a higher level of participation hold greater influence over the final outcomes.

Types

Referenced by