How can XVS holders participate in the decision-making process of the Venus Protocol?

How can XVS holders participate in the decision-making process of the Venus Protocol?

Blog Article

XVS holders can participate in the Venus Protocol’s decision-making process by voting on governance proposals. These proposals can range from introducing new assets to changing collateral requirements or protocol upgrades. The voting power of each holder is proportional to the amount of XVS they own. This democratic system allows the community to steer the protocol's future development. Regularly tracking the price of XVS gives holders an understanding of their influence in the governance process, as higher prices often mean stronger participation.