- The brand new governance mannequin will function an ecosystem council as a part of a three-pillar framework, Polygon’s weblog submit famous.
- The re-engineered governance additionally consists of an improved proposal framework and a two-phase group treasury to again thrilling tasks.
- Immediately’s announcement follows shortly after the crew disclosed its new native token POL for multichain validation.
The crew behind Ethereum scaling protocol Polygon shared plans for a re-engineered governance system constructed to bootstrap improved decentralized oversight and group management in its layer 2 ecosystem.
Based on Wednesday’s weblog submit, the brand new governance mannequin goals to merge Polygon’s underlying ethos with a community-centered method to increasing the burgeoning layer 2 community primarily based on Ethereum’s battle-hardened framework.
The Polygon know-how already expands Ethereum’s blockspace; the proposed governance framework seeks to increase Ethereum’s ethos and the confirmed mannequin for constructing a flourishing group.
The revamped governance is constructed on three pillars the crew mentioned together with an overhauled Polygon Enchancment Proposal (PIP) construction, an ecosystem council devoted to sensible contract upgrades, and a two-phase group treasury to again thrilling native tasks.
“The separation of powers and competencies will permit for scalable and environment friendly governance mechanisms that decrease and compartmentalize the general governance course of.” the crew emphasised in at present’s weblog submit.
Polygon Roadmap 2.0
The brand new “three pillar governance” framework is part of the crew’s technique for growing a community of Layer 2 chains constructed on zero-knowledge or zk know-how. Roadmap 2.0 is claimed to set Polygon aside from different layer 2 networks with options like Supernets and a brand new token able to multichain validation.
Certainly, the crew introduced a brand new coin dubbed POL that will change its preliminary native token MATIC. The introduction of POL is presently below group assessment and customers could have a minimum of 4 years to dump their previous MATIC tokens if the proposal is accepted.