Control of the PoolTogether Protocol rests solely in the hands of the community holding the POOL tokens.
POOL is the governance token of the PoolTogether protocol. Every POOL token represents a vote in protocol governance.
The primary duty of POOL holder governance is to ensure the growth of the protocol by managing the protocol parameters properly. This includes:
- Protocol parameters like frequency of prizes
- Ratifying protocol upgrades
- Voting on requests for budgets
Any changes to these parameters have to undergo the PoolTogether governance process and are voted on by POOL token holders.
The major tools for PoolTogether governance are as follows:
- Governance Forum: The main space for discussion and ideation about changes to the protocol and governance proposals.
PoolTogether governance is using a fork Governor Alpha smart contracts. You can find a list of deployed governance contracts here.