I started looking at TMX governance differently once i noticed what staking is supposed to change.

TMX holders can participate in governance, but staking can also provide enhanced governance rights around things like market risk parameters and curator whitelisting.

Thats more interesting to me than simply having another voting system.

Those decisions can directly affect how fixed-rate markets are managed, so governance becomes connected to actual protocol configuration rather than just broad proposals.

The positive is obvious: people with longer-term participation can have more influence.

But that creates a harder question. More concentrated decision-making can improve accountability, or it can make the quality of a smaller group’s judgement matter alot more.

Does enhanced governance produce better protocol decisions, or just make governance power more concentrated??

@TermMax #TermMax