⬆️ Today I will talk about KavaDAO.
KavaDAO is the decentralized autonomous organization (DAO) that governs the Kava blockchain. It is made up of validators and participants who hold KAVA tokens.
The functions of KavaDAO are to provide decentralized governance as KAVA holders can propose and vote on changes to the network. They can also propose and include adjustments to risk parameters, new types of collateral, or operational changes. Voting is transparent; all proposals and votes are stored on the blockchain to ensure transparency.
Stakers and validators participate in KavaDAO. They engage in governance by proposing and voting on changes. They have voting power based on the amount of KAVA staked or delegated.
KavaDAO allows the community to have control over the development and direction of the Kava network.
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