Polygon announces new governance model comprising of ‘ecosystem council’

Quick Take

  • Polygon plans to overhaul its governance framework in the Polygon 2.0 roadmap for more decentralized control.
  • This includes launching an “ecosystem council” for smart contract upgrades and introducing a two-phase community treasury for funding ecosystem projects.

The Polygon team has unveiled its plans to create a new governance framework, aiming for more decentralized control over its ecosystem. The development comes in response to the team's new roadmap called Polygon 2.0, developing a network of zero-knowledge-powered Layer 2 chains.