Polygon (MATIC) Reaches Major Milestone in Community Ownership
Polygon (MATIC) has reached an epic milestone in its journey toward community ownership with the kickoff of the Polygon Governance Hub, which will serve as a full-stack governance solution and user interface for the community.
Introducing the Polygon Governance Hub
The Polygon Governance Hub, created in collaboration with Aragon, allows users and builders to influence the core development of Polygon technology and infuse it with community values.
Framework Development and Governance Aspects
Over the last year, the Polygon community has contributed to the development of a framework for Polygon’s decentralized, community-led governance, with an emphasis on three primary pillars:
- Protocol Governance
- System Smart Contract (SSC) Governance
- Community Treasury Governance
The initial version of the Hub will focus on two of Polygon Governance’s three pillars: protocol governance and system smart contracts (SSC) governance.
Implementation and Community Feedback
Various components of the Polygon Governance Hub are suggested to be implemented in stages over the following few months. At each stage of development, the community can provide iterative feedback and infuse new ideas into the Polygon Governance Hub. The Hub will be built in stages by Aragon.
Final Form and Functionality
In its final form, the Polygon Governance Hub is intended to be a transparent interface for all decision-making across Polygon system smart contracts, with activities spanning from knowledge collecting to voting.
Community Grants Program
In other positive news for the Polygon (MATIC) ecosystem, 1,000,000,000 POL have been unlocked in grant funding over the next 10 years. A total of 35 million MATIC has been allocated toward funding projects across the Polygon and Ethereum landscape in the first season of the Community Grants Program.
