Governance process
The Mimo ecosystem is controlled by MIMO token holders who vote on off-chain proposals (on Mimo snapshot) that govern the ecosystem. Proposals that generate a majority support (>50% of the votes and reach at least 10m of vMIMO as threshold) are executed by the DAO Multisig.
The steps for a successful governance proposal are:
- 1.Create a proposal by using the proposal framework to share on the forum and exchange with the community.
- 2.Exchange with the community for a minimum of 2 days on the forum then update to proposal if it is needed.
- 3.
Discussion regarding changes in the protocol happen on the following channels: