Polygon Introduces New Governance Model: "Ecosystem Council"

Abstract:Polygon Introduces New Governance Model: "Ecosystem Council"

According to The Block's report, Polygon plans to completely overhaul its governance framework in the Polygon 2.0 roadmap to achieve a more decentralized control. This includes the launch of an “Ecosystem Council” for smart contract upgrades and the introduction of a two-stage community treasury to fund ecosystem projects.

The Polygon team stated that the new governance model will be built on “Three Pillars of Governance,” focusing on core protocol governance, smart contract governance, and community treasury governance. Other key features include expanding the Polygon Improvement Proposal (PIP) framework, introducing the “Ecosystem Council” for system smart contract upgrades, and implementing a two-stage community treasury governance to fund promising ecosystem projects.

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