According to Odaily, Levana Protocol, a derivative platform within the Cosmos ecosystem, has announced the launch of its governance portal. The first proposal, which involved distributing 0.0015145 wBTC to LVN stakers, has been approved on the Osmosis mainnet. The proposal was described as 'The Chancellor on brink of second bailout for banks', a reference to a headline from The Times dated January 3, 2009. This marks the first time BTC has been allocated on the Osmosis mainnet.
The official announcement was made on platform X, but no further details about the platform or the proposal were provided. The proposal can be found on the Levana Protocol's governance portal at https://gov.levana.finance/dao/proposal/0. This development signifies a step forward in the governance of the Levana Protocol, allowing LVN stakers to have a say in the platform's future decisions and operations.
The launch of the governance portal and the approval of the first proposal are significant milestones for Levana Protocol. It demonstrates the platform's commitment to decentralization and the empowerment of its users. The distribution of wBTC to LVN stakers also indicates a potential for future rewards for those who participate in the platform's governance.
