Interlay and Kintsugi each implement a token-based decentralized governance mechanism. Governance token holders have the ultimate decision power over:
-
Runtime upgrades: Fixes, substrate/library updates, improvements, new features, …
-
Parameter upgrades:
- Stable BTC Confirmations
- Whitelist collateral currencies and set thresholds
- Parachain Status (On/Off)
- Accepted oracles
-
Treasury management: decision on how to spend the assets locks in the network treasury.
For the specifics of each network's governance, see:
- Kintsugi: Kintsugi Governance documentation
- Interlay: Coming soon