Polygon Launches New Protocol Management Model

The roadmap for Polygon 2.0 calls for the creation of a so-called “ecosystem council” formed from Layer 2 Ethereum networks, helping to further decentralize control.

This will be accompanied by the introduction of a transparency dashboard, open source tool for tracking upgrade transactions and their lifecycle, along with core protocol and treasury management.

Two-stage voting by the community will be utilized to fund projects. Located within this is a PIP extension to the whole stack.

To guide the decisions, developers appealed to the spirit and methods of building Ethereum communities organization-wide, and invited stakeholders such as validators, dApps developers, and users to give their input.

Lastly, Polygon Labs will bring in an improved tokenomics in July 2023, wherein MATIC utility tokens will be replaced with Polygon (POL).