How You Can Influence the Future of the Lorenzo Protocol

Through decentralized governance, the Lorenzo Protocol's community shapes its course rather than a central team. You can take part if you own BANK tokens. It operates in three stages as follows:

1. Stake Your BANK: A common first step is to stake your BANK tokens in the protocol's official governance staking contract. This usually gives you voting power proportionate to your stake.

2. Review and Vote on Proposals: Active proposals are available on Lorenzo's governance forum and snapshot page. These can include everything from parameter changes (such as fees) to the approval of new product strategies. Vote directly using your staked tokens.

3. Participate in the Discussion: Before proposals are published, they are debated in the community forum. This is where you can read analyses, ask questions, and share your thoughts to help shape proposals.

Final Thoughts: Governance transforms holders from passive investors to active stakeholders. By participating, you contribute to the protocol's long-term, community-approved growth.

@LorenzoProtocol $BANK #LorenzoProtocol #EarnUpgradeByWriting

An easy-to-follow guide to Lorenzo Protocol on-chain governance participation.