MAIP-1: Manta Network’s Governance Model

Introduction

Manta Network introduces a novel and groundbreaking governance model solution that balances democracy with efficiency through a five-tier system of checks and balances. Manta Network takes a hypergrowth approach to development, which has transformed Manta Pacific into the fastest-growing Ethereum L2. The modular approach to its architectural design allows it to take full advantage of new and emerging technologies to continuously deliver value to users now and in the future as needs continue to evolve. In an effort to preserve this successful development process while also decentralizing, Manta Network’s governance model promises innovation while balancing a fair, democratic methodology for contributing, auditing, and growing together as an ecosystem.
The Manta governance system will be rolled out in two phases. Phase 1 is introduced immediately and will be available at $MANTA TGE to enable democratic decision-making. Phase 2, which is under development, will enable a new structure of checks and balances to focus on innovative and fair democratic decision-making to drive the future growth and success of the network.

Manta Governance 1.0: Laying the Democratic Foundations

The inception of Manta Governance 1.0 marks the beginning of a new era in blockchain governance for both Manta Network as well as web3. Establishing a forum for stakeholders to propose Manta Improvement Proposals (MAIPs), this phase solidified the Manta Foundation’s role in executing governance decisions, setting a precedent for a governance structure that fosters community involvement and ensures operational stability.

Manta Governance 2.0: The Penta Power Structure and the Role of Each Council

With Manta Governance 2.0, the network will transition into a more intricate and balanced system. The introduction of the ‘Five Council’ concept assures a robust governance framework, fostering an environment where interests are aligned with network growth and sustainability.

• Legislative Council: This Council is at the forefront of shaping the network’s future. It is where $MANTA token holders contribute to decisions on the network’s roadmap, vision, tokenomics, and utility. The members of this Council are selected for their deep understanding of blockchain economics and community needs, ensuring that the network’s strategic direction aligns with the broader objectives of growth and innovation.
• Executive Council: Managed by the Manta Foundation, the Executive Council transforms the Legislative Council’s decisions into action. It focuses on network operations, educational initiatives, and research and development. The members of the Executive Council were chosen for their expertise in blockchain technology, educational outreach, and operational management.
• Judicial Council: This Council is responsible for overseeing grants distribution and implementing the governance tools that enable and ensure a fair democratic process, including services such as Snapshot and zkVote. Its members are experts in governance systems and decentralized voting mechanisms, ensuring fairness and transparency in the allocation of network resources.
• Examination Council: Tasked with managing the electoral process for the Manta Foundation members, this council upholds the principles of democratic selection and accountability. Every two years, an election will be conducted among $MANTA holders on the Manta Pacific platform to select foundation members responsible for executing governance decisions. Its members, known for their experience in electoral processes and governance structures, ensure that the election of foundation members is conducted with integrity and transparency.
• Control Council: As the audit branch, it plays a crucial role in overseeing the entire governance process and maintaining network integrity. The Control Council’s members were selected for their backgrounds in audit, compliance, and risk management, providing an essential layer of oversight and quality assurance. The inaugural members of the Control Council are authorized representatives from esteemed entities, including Cointelegraph, Veridise, Celestia, Polygon, and Polychain.