Governance
Overview
After successful bootstrapping, Seneca continues its gradual governance decentralization to the DAO ("Senate"), which is composed of sSEN holders.
Significant protocol decisions, such as managing Apricus Chambers refilling, adding new collaterals to the whitelist, and redistributing revenue, will be put to a vote by the Senate.
Senate members, who may also be borrowers, have a vested interest in the stability and integrity of the lending market.
DAO-driven decisions ultimately allow the protocol to respond more quickly and comprehensively to both DeFi innovation and market conditions.
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