The protocol will start without the governance however we are planning on implementing governance in the near future.
Introducing governance to our project paves the way for decentralization, granting our community the power to actively participate in the platform's evolution. Here are some key governance use cases to consider as examples of the benefits offered to users:
Protocol Upgrades: Community members have the opportunity to vote on proposed enhancements and updates to the protocol, ensuring the project remains innovative and adapts to the needs of its users.
Parameter Adjustments: Token holders can propose and vote on changes to essential platform parameters, such as collateralization ratios, interest rates, or token emissions. This allows for fine-tuning the project's mechanics to achieve optimal performance and stability.
New Asset Integration: Users can participate in the decision-making process to add new assets to the platform, promoting a diverse range of available assets and guaranteeing popular or promising assets are considered for inclusion.
Funding Proposals: The community can influence the allocation of resources by voting on funding proposals for development, marketing, partnerships, and other initiatives, ensuring alignment with users' interests.
Treasury Management: Token holders have the ability to contribute to the project's treasury management, including deciding on investment strategies or allocating funds for specific purposes.
Dispute Resolution: A decentralized governance system offers a transparent and fair voting process to address disputes or disagreements within the community.
Community Initiatives: Governance facilitates community-driven initiatives, such as educational programs, outreach events, or developer grants, encouraging community involvement and nurturing a robust ecosystem.
By implementing these governance use cases, our project aims to empower the community, leading to a decentralized and adaptable platform that evolves according to user needs and preferences.