Governance & Participants

Role and Function

• Protocol Governance: Governance participants hold Nebula tokens and actively engage in shaping the protocol's evolution. They propose, discuss, and vote on changes to parameters, features, and policies.

• Voting Mechanisms: The governance model incorporates quadratic voting and delegated governance, ensuring that decision-making power is distributed fairly among participants and that experts can contribute effectively.

Benefits

• Influence and Control: Participants have a direct impact on the protocol's direction, including the introduction of new assets, adjustments to interest rate models, and enhancements to security measures.

• Incentivized Participation: Active governance participants receive Nebula token rewards, recognizing their contributions and encouraging ongoing engagement.

Community Building: By participating in governance, users become integral members of the Nebula community, fostering collaboration and shared ownership.