Welcoming Chorus One to the Centrifuge Council

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Centrifuge Chain has a formalized governance system that is encoded on-chain utilizing the Substrate democracy pallet. This enables on-chain voting mechanisms for binding and transparent governance by Radial (RAD) token holders.

RAD holders can vote with their stake on referenda that are proposed by the Centrifuge community or the Centrifuge Chain Council; a body of 7 members elected by RAD holders. To make any change requires a stake-weighted majority approval by RAD holders.

RAD holders can propose and vote on changes such as runtime upgrades, distribution of treasury funds, chain parameters, and the governance system itself. …

About

Cassidy

Economics | Token Design @Centrifuge | @ColumbiaSIPA grad | Yoga teacher (and student)

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