According to The Block, the Polygon team has announced plans to create a new governance framework to further decentralize the ecosystem. This development is a response to the new Polygon 2.0 roadmap.
The team said that Polygon’s new governance model will form “three pillars of governance”, focusing on the governance of its core protocol, smart contracts, and community treasury management. In a blog post, Polygon pointed out that the team drew inspiration from Ethereum’s governance model and intends to absorb Ethereum’s spirit and community building techniques.
Other key features include the expansion of the Polygon Improvement Proposal (PIP) framework, the introduction of an “ecosystem council” for system smart contract upgrades, and a two-stage community treasury governance to provide funding for promising ecosystem projects.