📕Governance

Plutus is Decentralised Autonomous Organisation (DAO), meaning users can participate in the protocol's decision making via voting on proposals. Community members with over 1M $xPLUTUS and the Plutus Team write proposals called PRFCs (Plutus Request for Comments), which are then voted on on the Plutus snapshot space.

The proposals are generally related to the team furthering the shared vision of Plutus, such as rebranding from PlutusDAO to Plutus (PRFC-15), or approvals of budgets and other strategy related issues (PRFC-16) and investments (PRFC-8).

Users can vote with their $xPLUTUS tokens, with each token counting as one vote. This ensures that all voters have a vested interest in the future of Plutus.

In the past, voting was aggregated through $bPLS, which was a composite of multiple different tokens. After PRFC-15, the tokenomics were simplified by the introduction of $PLUTUS and it's locked counterpart $xPLUTUS.