Polygon announces new governance model comprising of ‘ecosystem council’

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Polygon announces new governance model comprising of ‘ecosystem council’
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ICYMI: Polygon announces new governance model comprising of ‘ecosystem council’

The new governance model for Polygon will form “three governance pillars,” focusing on the governance of its core protocol, smart contracts and community treasury governance, the team said.

The Polygon team said it’s inviting stakeholders, including validators, dApp developers and users, to participate in shaping its governance. “To make this possible, we are proposing a forward-looking framework for decentralized ownership and decision-making over all Polygon protocols and the ecosystem,” the team noted.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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