Polygon (MATIC) Eyes Sustainable Growth With Treasury Proposals
Polygon Labs unveils three proposals aimed at managing the network’s planned community treasury.
• Polygon (MATIC) Labs has unveiled three proposals in line with planned governance changes in its new roadmap. • The proposals aim to set up and manage a community treasury to facilitate sustainable ecosystem growth. • The proposals are the latest step in Polygon’s grand plan of connecting everything to Ethereum.
Polygon (MATIC) is undergoing a massive overhaul.
In 2023, Polygon Labs, the developers of the eponymous Ethereum scaling solution, unveiled a new roadmap to become the value layer of the decentralized web by supporting a network of zero-knowledge-powered chains that share security and liquidity with Ethereum. In line with this new roadmap, the team has proposed several big changes to the Polygon (MATIC) network.
Among these planned changes is a governance overhaul to accommodate the planned ecosystem expansion. In October 2023, Polygon Labs took the first step in this direction with a proposal to introduce a protocol council to oversee smart contract upgrades. Now, the team is setting the stage for the next component with proposals to set up and manage a community treasury for sustainable ecosystem growth.