TechFlow reports that modular L2 blockchain Manta Network has announced its governance model, which will be rolled out in two phases. The first phase is imminent and will officially launch upon token listing, establishing a forum for stakeholders to submit Manta Improvement Proposals (MAIPs).
Phase 2 is currently under development and will introduce a new system of checks and balances focused on innovation and fair democratic decision-making to drive the network's future growth and success. A "Five-Power Council" structure will be implemented, consisting of the Legislative Council, Executive Council, Adjudication Council, Oversight Council, and Management Committee.
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