Existing DeFi governance models are hindering, rather than helping, DeFi reach mass adoption. Nereus will use a new governance model in which all protocol participants will have equal rights and opportunities. Several models are presently in discussion; these focus on preventing ‘capture’ of the protocol by users that possess the largest number of tokens and investigating mechanisms to give representative rights to each unique, active user of the protocol.
Community engagement at every stage will help finalise the exact model used, however the aim is clear – a truly open and transparent governance system in which participation is dictated by more than the value of assets held.