Ways in which Polysynth empowers the community to participate in its governance
We want the Polysynth protocol to be owned and governed by its community. The strongest projects distribute their supply to their community members and empower them with the necessary tools and methods to drive the protocol’s long-term growth.
To distribute supply, we have designed staking rewards, liquidity rewards, and refer & earn through which all contributors to the protocol can get a fair part of the supply. The community can then use these governance tokens to make new proposals, vote on existing proposals and have control over:
Fees & rebate parameters
Proposing new growth mechanisms
Governance contracts themselves
Adding or removing new DOVs
All POLies are responsible for ensuring that governance decisions are made to grow the protocol in compliance with applicable laws and regulations.
We will reveal more details on the governance mechanism in months to come.