Our governance mechanism can be used for various things. For example, to change the staking pool parameters, such as loyalty pool price-issuance steps, Validator-Tom pool staking incentives, publisher and advertiser incentives, etc. Another example is changing protocol parameters: minimum validator fees, maximum earners from a payment channel (campaign), and so on.
Furthermore, proposals may be submitted for development grants or other ecosystem grants - keep in mind, anyone can submit a proposal, so feel free to do so for any significant improvement suggestion you may have!
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