ZKsync Launches On-Chain Governance System
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September 12, 2024
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ZKsync Launches On-Chain Governance System
ChainCatcher reports that ZKsync has officially launched its on-chain governance system, comprised of three key entities: the Token Holder Assembly, the Security Council, and the Guardians.
- Token Holder Assembly: Allows token holders and their representatives to directly submit and vote on protocol upgrades on-chain.
- Security Council: Composed of technical experts responsible for reviewing and approving protocol upgrades. They also have the authority to freeze the protocol in emergency situations.
- Guardians: Ensure that governance proposals align with ZKsync's values.
The governance system supports three types of proposals:
- ZKsync Improvement Proposals (ZIPs)
- Token Plan Proposals (TPPs)
- Governance Advisory Proposals (GAPs)
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