Share this article
Polygon Mulls Governance Restructure in Polygon 2.0 Roadmap
Developers have proposed an “Ecosystem Council” to push smart contract upgrades, as well as changes to how community-based funding works.
Updated Jul 19, 2023, 12:11 p.m. Published Jul 19, 2023, 12:11 p.m.
Developers of Polygon Labs on Wednesday proposed a restructuring of the governance mechanism for the upcoming Polygon 2.0 roadmap, which seeks to create multiple layer-2s on the network.
Developers said the new governance structure would consist of “three main pillars,” each pertaining to a specific function.
STORY CONTINUES BELOW
First would be the expansion of the Polygon Improvement Proposal (PIP) framework – which allows users to propose and research upgrades for Polygon protocols – to all blockchains and applications that run on the Polygon network. This would allow community members to research and propose upgrades that may eventually become part of protocols.
Second, a “System Smart Contracts Governance” pillar that facilitates upgrades for protocol changes or software that is implemented as a smart contract. Such changes would be overseen by an Ecosystem Council, elected and governed by the community, made up of reputed members.
Third, a “Community Treasury” governance mechanism that supports the Polygon ecosystem's growth and funds projects. It will be managed by an independent Community Treasury Board, eventually transitioning to community-driven governance.
As such, Polygon Labs has urged the ecosystem’s stakeholders, such as developers and network validators, to discuss the governance plans as these are subject to community approval.
Polygon’s MATIC tokens are down 1.1% over the past 24 hours and trading at 74 cents.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On
The company framed the move, happening in early 2026, as a planned sunset.
What to know:
- Matter Labs plans to deprecate ZKsync Lite, the first iteration of its Ethereum layer-2 network, the team said in a post on X over the weekend.
- The company framed the move, happening in early 2026, as a planned sunset for an early proof-of-concept that helped validate their zero-knowledge rollup design choices before newer systems went live.
Top Stories
