Governance at Manta Ray

Governance at Manta Ray is a system and process that allows anyone from the community to propose an idea that can improve Manta Ray. (Here's a fun example: changing payment providers for payment processing.)

It all starts with an idea that materializes into a “proposal”, which is a write-up of the idea in more details with some description and argumentation to make the case.

Members from the community then express their opinion on the proposal by voting on it with the MREV tokens that they hold in their crypto wallet, which will act as votes signaling voting power to their vote. The more MREV tokens you have, the more voting power you will have when casting your vote.

If the results of the voting process for a proposal are favorable, the proposal gets executed via code on the blockchain and a new governance of Manta Ray goes live!