Governance

As we move towards full decentralization, implementing a robust governance system is crucial. Here are our plans and principles for Malt governance:

• Voting Mechanism

  • Aim to implement a system that considers both the amount of tokens held and the duration of holding, rewarding long-term participants. Money alone should not be able to buy governance power.

• Proposal System

  • Develop a formal process for community members to submit, discuss, and vote on proposals.

• Gradual Rollout

  • Start with a limited scope of decisions open to governance, gradually increasing as the system proves robust.

• Skin in the Game

  • Design the governance system to ensure decision-makers have a stake in the long-term success of the protocol.

• Autonomous Operations

  • Maintain a high degree of protocol autonomy, with governance focused on key parameters and strategic decisions.

Key Governance Decisions Will Include:

• Adjusting risk factors for collateral assets

• Adding or removing supported assets

• Modifying key protocol parameters

• Allocating resources for ecosystem development

We're committed to building a governance system that is fair, resistant to manipulation, and aligned with the long-term interests of the Malt ecosystem. As we develop these plans, we'll be seeking community input to ensure the system meets the needs of all stakeholders.

Stay tuned to our official channels for updates on these developments and opportunities to participate in shaping the future of Malt!