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.
Discussion regarding changes in the protocol happen on the following channels:
Following and participating in the various governance discussions is as important for you as it is for us, we need to gather your opinions to best meet the needs of users and the protocol.