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Governance process
The KUMA Protocol is controlled by vMIMO token holders who vote on off-chain proposals (on the KUMA snapshot) that govern the ecosystem. Proposals that the Quorum Threshold are executed by the Multisig.
At start the KUMA Protocol accepts regulated KUMA NFTs. However in essence, the KUMA Protocol could be accepting other types of tokens backed by Real World Assets (RWA).
The steps for a successful governance proposal are:
- 1.Create a proposal by using the Proposal Framework to share on the forum and discuss with the community.
- 2.Discuss with the community for a minimum of 2 days on the forum then update the proposal if necessary
- 3.Post the proposal on the KUMA Snapshot by following the Proposal Framework (Publish a proposal on the KUMA Snapshot requires at least XX vMIMO tokens following KIP-XX (add snapshot link))
Discussion regarding changes in the protocol happens on the following channels:
Following and participating in the various governance discussions is as important for you as it is for the Protocol, gather your opinions to best meet the needs of users and the Protocol.
Last modified 9mo ago