Polygon Labs developers recently recommended reorganising the governance system for the future Polygon 2.0 roadmap, which aims to build many layer-2s on the network.
According to the developers, the new governance system would be made up of “three main pillars,” each of which would be responsible for a specific duty.
The first step would be to extend the Polygon Improvement Proposal (PIP) framework, which allows users to propose and explore changes to Polygon protocols, to all blockchains and applications running on the Polygon network. This would allow community members to conduct research and offer improvements that could eventually become protocols.
Second, there is a “System Smart Contracts Governance” pillar that supports upgrades for protocol changes or software that is implemented as a smart contract. Such improvements would be supervised by an Ecosystem Council, which would be elected and managed by the community and comprised of reputable people.
Third, a “Community Treasury” governance structure that encourages the expansion of the Polygon ecosystem and funding projects. It will be controlled by an independent Community Treasury Board, with the goal of eventually shifting to community-driven government.
As a result, Polygon Labs has urged ecosystem stakeholders, including as developers and network validators, to consider the governance ideas, which are subject to community approval.