Smart contract governance refers to the processes and mechanisms by which decisions are made and changes are implemented for decentralized applications and protocols controlled by smart contracts. This typically involves token holders voting on proposals to upgrade contracts, adjust operational parameters, or allocate community funds. It establishes a framework for the collective management and evolution of decentralized systems. It ensures community input.
Context
Smart contract governance is a central theme in the evolution of decentralized autonomous organizations and DeFi protocols. News frequently covers voting events, governance disputes, and proposals for protocol improvements, showcasing the dynamic nature of these systems. The effectiveness and fairness of governance models are critical for the long-term stability and decentralization of digital asset projects, influencing their credibility.
The new custody platform leverages smart contract governance to transform passive digital assets into actively managed, yield-generating instruments, de-risking institutional exposure.
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