✳️Governance Powers

Community governance has the power to control the value accumulation and distribution of the protocol.

• Adjust protocol fees

• Protocol fund management: manage funds in the protocol, including custody, use, and distribution.

• Protocol upgrades: upgrade the protocol, fix bugs, and add new features.

• Resolve the use and distribution of the community treasury.

Governance can also execute these on-chain functions:

• Time lock: setting and adjusting time locks.

• Governance parameters: such as voting cycles, threshold requirements, proposal approval methods, etc.

• More: based on the specific protocol, propose appropriate governance proposals to better achieve the protocol's goals.