Polygon plans to overhaul its governance framework in the Polygon 2.0 roadmap
To achieve more decentralized control over its ecosystem, the Polygon team has revealed its plans to develop a new governance framework. The development is in response to the team’s latest roadmap, Polygon 2.0, to create a network of zk-driven Layer 2 chains.
According to the team, the new Polygon governance model would consist of “three governance pillars,” with a strong focus on the governance of the network’s core protocol, smart contracts, and community treasury governance. In a blog post, Polygon stated that it intended to include the ethos and community-building techniques of Ethereum’s governance models.
Two-phase community treasury governance, which will provide funding for promising ecosystem projects, the Polygon Improvement Proposal (PIP) framework expansion, and the creation of a “ecosystem council” for system smart contract updates are further essential elements.
In order to shape its governance, the Polygon team said it is seeking stakeholders, including as validators, dApp developers, and users. The team emphasized that in order to achieve this, “we are proposing a forward-looking framework for decentralized ownership and decision-making over all Polygon protocols and the ecosystem.”
Edited by Layer 2 Daily