We at Litheum are paving the way to a more robust, safe, and simple decentralized landscape.

Governance

The Litheum team is committed to establishing a sustainable governance mechanism before the launch of the Mainnet, with the ultimate goal of removing the founders and the Litheum Labs team from control of the project and placing control into the hands of the community.

To achieve this aspect of True Decentralization, Litheum Labs is exploring routes through which to establish a fully on-chain governance mechanism for Litheum. This would mean the full automation of all aspects of the Litheum decision-making process, from a proposal being conceived by the community to the deployment of the proposal.

Litheum Labs is working to develop solutions for the challenges associated with a fully on-chain decision-making process. For example, it is crucial that code proposals are reviewed for security flaws by trusted third parties before implementation. To address this challenge, we are developing mechanisms for allowing trusted auditors to receive compensation through a fully on-chain process while remaining responsible for any mistakes they make.

As we transition to a fully on-chain governance, we will also establish a non-profit foundation to execute the decisions of the community. The Foundation’s constitution will prioritize the goal of moving the governance of Litheum entirely to on-chain and truly decentralized mechanisms.

Litheum’s commitment to sustainable governance makes establishing a strong and active community critical to its future success. We invite you to engage with the Litheum community through our official social channels where members of the Litheum Labs team are consistently active in engaging with members of the early community.

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