Balancer Governance is the heart and brain of Balancer Protocol. Anyone who holds a BAL token becomes part of the Balancer Governance. The more tokens you have, the stronger your voice is. Governance makes decisions about new features, directions of where the Balancer Protocol should go and looks over the Balancer Community. The Governance is the ultimate decision-body for Balancer Protocol, no one can override the Governance’s vote result.
The main responsibilities of Balancer Governance are voting on new proposals on changes to the Balancer community and deciding on whether/how the protocol fees will be used.
The three current sources of voting power are:
- Holding BAL in your wallet
- Holding pool tokens in your wallet for a Balancer Pool with BAL in it
- Getting voting power delegated to you by another wallet
It is worth noting that Balancer Governors have the ability to vote on adding/removing strategies of how to assign voting power.
Votes happen when there is a proposal to vote on; they are not regularly scheduled. When they are active, votes typically occur over the weekend. They are announced on the forums, on Discord and on Twitter.
When proposing, be sure to explain the problem, the solution, consider any implications, dependencies etc. Don't be upset if you don't get a lot of enthusiasm at first - incorporate the feedback and post an improved proposal. It is a process, so it may take some time, but thanks to it - we can make sure that it's the best version we can create.
No, there is no token on Tron affiliated with the Balancer Protocol. The token in question is affiliated with a phishing site.