ApeSwap Updates Governance Process

The ApeSwap DAO has evolved in many ways since its launch nearly a year and a half ago, especially in terms of our expanded suite of product offerings and the size of Ape’s community of users and partners. In order to more fully serve the interests of the DAO, ApeSwap is considering some changes to the governance process.

In response, they’ve aligned on two strategic objectives of updating the ApeSwap DAO governance process:

  • Make it easier for ApeSwap users to get involved in governance
  • Increase governance voting turnout among ApeSwap users

ApeSwap DAO Governance on Commonwealth

Commonwealth is an all-in-one platform for on-chain communities to discuss, vote, and fund projects together. ApeSwap has created its own Commonwealth Forum to combine the conversation around governance with the process of voting on governance.

Governance will now follow these steps:

  • Discussion
  • Proposal in review
  • Voting
  • Passed/Failed

At first, only proposals created by the ApeSwap DAO Council (DAOC) will be posted under the Proposal Review topic in Commonwealth. The DAOC will accept governance initiatives both from members of the ApeSwap team and from the community. Community proposals will go through an internal DAOC review first, then those that pass DAOC review will be posted in the Proposal Review topic.

About ApeSwap

ApeSwap is a DeFi Hub on BNB Chain, Polygon, and Ethereum focused on offering an accessible, transparent, and secure experience for all.

ApeSwap’s DEX is the core product of our DeFi Hub, so the development team spends a significant amount of time and effort developing ideas that help progress the DEX towards a more sustainable future.

Conclusion

All information on the article is for reference only, this is not investment advice. Hopefully, the information that Avaxholic has gathered in the article will be useful to you.

Join the Avaxholic chat group now to discuss the hot issues of the DeFi market with the Avaxholic admin team!!!

Rate this post

Source