Polygon Labs Its developers proposed a restructuring of the governance mechanism for the upcoming Polygon 2.0 roadmap, which aims to create multiple layers-2 on the network.
The developers said the new management structure will consist of “three main pillars”, each related to a specific function.
The first will be the extension of the Polygon Improvement Proposal (PIP) framework, which allows users to recommend and research upgrades for Polygon protocols, to all blockchains and applications running on the Polygon network. This will allow community members to research and suggest upgrades that may eventually become part of protocols.
Second, a “System Smart Contracts Governance” column that facilitates upgrades for software implemented as protocol changes or smart contracts. Such changes will be overseen by an Ecosystem Council of recognized members, elected and managed by the community.
As the third, altcoin A “Community Treasure” governance mechanism that supports the growth of the ecosystem and funds projects. This mechanism will be managed by an independent Community Treasury Board and eventually move to community-oriented management.
That’s why Polygon Labs urged stakeholders of the ecosystem, such as developers and network validators, to discuss their management plans, as they are subject to community approval.