Polygon announced launching of Polygon 2.0, a new governance model to increase its ecosystem growth and decentralization of the protocol.
Improvements are divided into 3 pillars:
- Protocol governance – Polygon Improvement Proposals (PIP) from the community, similar to Ethereum’s EIP.
- System smart contracts government – a community-driven body that will be in charge of upgrading system smart contracts.
- Community Treasury – will be used for funding future projects and Polygon ecosystem growth.
More details can be found in their blog post.