Governance

‘Governance Tokens’ enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways to entice assets onto protocol. ETL is used to run on-chain governance mechanisms for EtherLite. It will enable users to vote on the future of EtherLite. Governance truly makes EtherLite a decentralized protocol.

Governance parameters like minimum number of ETL to be held to submit a proposal or percentage of total supply to vote 'Yes' to reach quorum threshold or Number of days time lock delay on execution etc. will be announced soon!