Manta Network governance model

MAIP-1: Governance Model of Manta Network

Introduction

Manta Network introduces a novel and groundbreaking governance model solution that balances democracy and efficiency through a five-tier system of checks and balances. Manta Network is the fastest-growing Ethereum L2, and its modular approach to architectural design enables it to take full advantage of emerging technologies and continue to provide value to users' changing needs now and in the future.

To achieve decentralization while maintaining a successful development process, Manta Network's governance model promises to innovate while balancing fairness and democracy, and proceed as a co-prosperity ecosystem Contribute, audit and grow.

The Manta governance system will be rolled out in two phases. The first phase will be introduced immediately and will be available at the $MANTA TGE to enable democratic decision-making. The second phase is under development and will enable a new structure of checks and balances focused on innovation and fair democratic decision-making to drive the future growth and success of the network.

Manta Governance 1.0: Laying the foundation for democratic governance

Manta The beginning of Governance 1.0 marks the beginning of a new era of blockchain governance, not only for Manta Network, but also for Web3. By establishing a forum for stakeholders to propose Manta Improvement Proposals (MAIPs), this phase solidifies the Manta Foundation’s role in executing governance decisions, setting a precedent for a governance structure that promotes community engagement and ensures operational stability.

Manta Governance 2.0: Five governance power checks and balances and their roles

With the implementation of Manta Governance 2.0, the network will transform into A more complex and balanced system. The introduction of five concepts of checks and balances on governance ensures a strong governance framework.

• Legislative Council: Here, $MANTA token holders weigh in on network routes Diagram, vision, token economic model and practicality for decision making. The committee members were selected for their deep understanding of blockchain economics and community needs, ensuring that the strategic direction of the network is aligned with broader goals of growth and innovation.

• Executive Council: Managed by the Manta Foundation, the Executive Council translates the decisions of the Legislative Council into actions, focusing on Network operations, user education and research and development. Members of the executive committee were selected for their expertise in blockchain technology, educational outreach, and operational management.

• Judicial Council Judicial Council: Responsible for overseeing grant allocation and implementing governance tools to ensure and achieve a fair democratic process, Including services such as Snapshot and zkVote. Its members are experts in governance systems and decentralized voting mechanisms, ensuring fairness and transparency in the distribution of network resources.

• Examination Council: Responsible for managing the election process of Manta Foundation members, the committee adheres to the principles of democratic election and accountability . Every two years, $MANTA holders on the Manta Pacific platform will hold elections to select foundation members responsible for executing governance decisions. Its members are recognized for their experience with the electoral process and governance structure, ensuring integrity and transparency in the election of Foundation members.

• Control Council: As the audit department, it plays a key role in overseeing the entire governance process and maintaining network integrity. Members of the Review Committee are selected for their backgrounds in audit, compliance and risk management, providing the necessary layer of oversight and quality assurance. The inaugural members of the Oversight Board include authorized representatives from well-known entities such as Cointelegraph, Veridise, Celestia, Polygon and Polychain.

Governance power structure

The implementation of the committee structure is a testament to Manta's innovative spirit and its commitment to efficient and balanced governance. This system is designed for scalability and future network expansion, signaling readiness for sustainable growth. A diverse parliamentary system allows for enhanced risk management, which is crucial to maintaining a stable and reliable blockchain environment.

1. How does Manta’s governance work?

Manta Network governance structure, divided into five different "Councils" to meet the network and changing needs. Each committee plays an important role in the governance and strategic direction of the network, with $MANTA token holders at the heart of the decision-making process, ensuring their interests are always at the forefront.

2. What types of decisions is Manta’s governance system responsible for making?

With this approach, the Manta governance system covers a wide range of decisions. From setting the strategic direction of the network to managing Grants and overseeing operations, every decision is aligned with creating long-term value and ensuring strong growth for the network.

3. Components of Manta’s progressive decentralization

The Manta governance model embodies progressive decentralization, emphasizing:

• Token staking Stakeholder empowerment: Focusing decision-making on $MANTA token holders and ensuring their interests is crucial.

• Institutional balance: Maintain a balance of power between parliaments, guard against market fluctuations, and ensure stable governance.

• Transparency and Accountability: Promote trust through clear oversight and transparent operations.

• Community participation: Encouraging active participation is critical to the network's adaptability and responsiveness to market trends.

• Adaptability and responsiveness: Ensure the network remains agile and adapts to market and technology changes.

Summary

As Manta Network continues to develop, it has become a model of blockchain governance innovation. We invite the global community to join us on our journey and become part of a network that is not only leading the way in technological advancement, but also redefining governance standards in the blockchain world. Manta’s commitment to innovation, transparency, and sustainable growth is not just a promise, but a new vision in the blockchain space.

About Manta Pacific

Manta Network is committed to zero Proof of Knowledge (ZK) applications provide modular blockchain support. Manta Pacific is a modular Layer2 ecosystem for ZK applications and DApps in the EVM ecosystem. It implements ZK-as-a-Service through Manta universal circuits, uses the Celestia data availability layer to provide modular support, and provides users with the lowest Gas cost and the best user experience.

Manta Network was jointly founded by senior entrepreneurs from top universities and institutions such as Harvard, MIT and Algorand. Manta Network has received investment from top Web3 investment funds including Binance Labs and Polychain Capital, and continues to grow through participation in top-notch Web3 accelerators such as Alliance DAO and Berkeley Blockchain Xcelerator.

Website:https://manta.network/

Github:https:// github.com/Manta-Network

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Twitter Chinese: https://twitter.com/manta_china