A decentralized autonomous organization (DAO) and decentralized finance projects (DeFi) will be formed for all Polygon community members; Polygon is a protocol and framework to build and connect Ethereum-compatible blockchain networks
About the creation of the DAO Polygon invited its users to leave their opinion, Polygon’s intention is to grow the community to one million users.
“As the Polygon ecosystem grows, committee members have a unique opportunity compared to others to increase cross collaboration for their products,” the team said. “Voting for new member elections could be implemented in a variety of ways, such as using MATIC in stakes on PoS or through DAO tokenholders.”
Polygon said a DAO could offer the solution to scale projects on Software Development Kits (SDKs). Other benefits could apply to “anyone building tools, integrations and projects” on layer-two rollups.
The announcement comes less than a week after Polygon said it would include Hermez Network in its ecosystem for $250 million. The merger is part of Polygon’s expansion into zero-knowledge proof.
