DAO and Governance
Last updated
Last updated
- DAO operates through the Mute token (MUTE), enabling participation via a ve NFT model, veMute, where users lock MUTE to receive veMute NFTs, representing their voting power. The governance system includes a Governor contract for governance logic and a Timelock contract for security, allowing a 2-day period for users to exit if they disagree with decisions.
- DAO (Decentralized Autonomous Organization) and governance on SpaceFi are structured to enable community-led decision-making. Token holders can participate in governance processes, proposing and voting on key decisions that shape the platform's direction, such as protocol upgrades, treasury management, and feature implementations, thereby ensuring a democratized and decentralized approach to the platform's evolution and management.
- a community-centric approach where token holders have the power to influence the platform's development and decisions. This democratic structure allows members to propose, vote on, and implement changes related to protocol upgrades, feature additions, and financial strategies, all leveraging the efficiency and scalability of the zkSync Layer 2 solution to ensure fast and cost-effective governance transactions.
