VMEX aims to progress to a fully decentralized protocol, governed by its token holders. Holders of staked VMEX will be able to propose and vote on changes to VMEX's risk parameters, assets supported in VMEX markets, protocol improvements, protocol incentives, and changes to the overall governance structure.

A users governance weight will be calculated as their staked VMEX multiplied by their rewards multiplier. The goal of weighting governance power by Multiplier Points is to provide more governance control to those with longer term commitment to the protocol, and to reduce the possibility for malicious votes.

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