Ethereum

walletconnect

How does governance work on the WalletConnect Network?

The Network is an enabler of decentralization, designed to support transparency and community involvement through an evolving governance structure powered by WalletConnect Token holders.

1️⃣ In the early stages, the WalletConnect Foundation stewards the Network's growth by supporting stakeholders through grants, protocol development, and partnerships. As the Network matures, governance responsibilities will gradually shift to the community.

2️⃣ Councils will play a key role in governance. Though not predefined by verticals, councils will oversee functions such as technology and infrastructure (Technical Council) or growth and partnerships (Partnerships Council). These councils will gain influence as the Network moves toward decentralization.

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Governance is hard but fundamental for decentralization

WalletConnect Network will take a phased approach to nurture an engaging and active community to govern it