The importance of Mars protocol governance participation

As the old saying goes, “If you’re not part of the solution, you’re part of the problem.” The same goes for protocols in the crypto space. If people don’t participate in governance, they’re essentially giving up their power to make decisions that could impact the entire community.

Not participating in governance is a missed opportunity to have a say in the direction of the protocol, because at its core, participating in governance is about being an active member of the community and ensuring that the protocol is making decisions that are in the best interest of all.

When it comes to Mars, participation in governance is critical. Because:

  1. Governance is about making decisions that are in the best interest of the community.
  2. Participation is critical for ensuring that the protocol is heading in the right direction.
  3. It’s a chance to have a say in the future of the protocol.
  4. It builds trust and transparency within the community.
  5. It helps to ensure that the protocol is accountable to the community.
  6. It’s a way to give back to the community.
  7. It’s an opportunity to learn more about the protocol and the community.

So, if you’re not already participating in governance, now is the time to get involved.

How?

Since Mars Protocol is decentralized, governance discussions can start and take place anywhere. The governance forum on marsprotocol.io website is also a good place where proposals can be discussed in detail.

Proposals can also be submitted on the website or by interacting directly with the smart contracts. If you want to submit a proposal using the marsprotocol.io website, go to the Council area and click in the New Proposal button.

Once a proposal is submitted, anyone who holds xMARS can vote on-chain. This is to ensure that those who have skin in the game are the ones making decisions that could impact the entire community.

If you’re not sure where to start, the best way to get involved is to simply start participating in the discussions. The more you participate, the more you’ll learn about the process and the more impactful your participation will be.

--

--

--

Mars is a credit lending protocol for the Terra blockchain. Official site: https://marsprotocol.io

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Opinion: Bitcoin won’t make you rich any time soon.

NFTb’s Tiered Model for INO and IDO

Venezuela’s Petro and why it is so important

TNB News

The Treasury of Her Majesty is developing a new type of mint — NFTs

Kommunitas x Adroverse Private Sale Details

I Lost More Than $2000 On A Pyramid Scheme

SOL channel is available for USDC and USDT on CoinTiger on Mar 29, 2022.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Mars Protocol

Mars Protocol

Mars is a credit lending protocol for the Terra blockchain. Official site: https://marsprotocol.io

More from Medium

Community Call Notes #8–4/19/22

Proposal for Pylon to Acquire Glow Yield

LunaX Validator Expansion

Pylon Protocol Proposes Acquisition of Glow