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On-Chain Governance

B2 also has an online governance, hence the community users will be able to vote on a new proposal on the chain. Management will be based on the Compound’s Alpha Governance, and the validator holders in the chain can create and vote on new proposals. Voting rights are allocated based on the total amount transferred to the verifier. Once a 2/3 majority and >51% vote is reached for a proposal, the proposal can be executed by anyone in the chain. The community can manage rate parameters such as felony threshold or jail time.