Governance

Kwenta governance explained

Kwenta requires a governance framework that enables the community to coordinate on maintaining and improving the protocol. To do this, the Elite Council will vote on a system, outlined in this proposal, that will dictate roles and processes that the Kwenta community will use to operate.

By having a clear framework in which Kwenta governance will operate, the community will have the faculties it needs to achieve desired outcomes, such as a defined way to propose new features, reward DAO participants, and manage routine affairs.

Further reading: https://github.com/Kwenta/KIPs/blob/master/content/kips/kip-2.md

DAO Structure

Kwenta governance follows a democratic structure with multiple semi-independent governing bodies, each with its own goals and operational structure.