Morpho's governance is not 'decided by the team,' but rather the direction is determined by community votes, even 'what features to add and what parameters to adjust' are decided by users:
① From features to parameters, voting can really change the protocol
From large matters like 'adding a sUSDe market on the Base chain' to small matters like 'adjusting the ETH collateral rate from 70% to 65%,' everything requires community voting; previously, a user suggested 'adding Chinese customer service,' and it was implemented within a month after the vote passed, allowing for quick responses to user needs;
If the team wants to push new features, they must first pass the community's approval—like when they wanted to optimize Layer2 Gas fees, they discussed it in the forum for 2 weeks, revised the plan 3 times, and only after a vote passed did they proceed; they won't 'force features in.'
② Preventing random voting through 'reputation voting', high decision quality
It's not 'the more tokens, the more say', but also considers 'contribution level' — users who frequently propose quality proposals and help the community answer questions will have their voting weight increased (for example, holding 10,000 MORPHO can be used as 12,000 votes); conversely, users who vote randomly against or propose garbage proposals will have their weight reduced to avoid 'whales directing blindly'.
③ Governance education, newcomers can also participate
Afraid that users 'won't vote or dare to vote', Morpho has done a lot of popular science:
Provide graphic tutorials on 'how to view proposals and how to judge pros and cons', and make videos explaining 'the impact of each proposal on returns';
Hold 'governance simulation competitions', practice voting with test coins, and after familiarizing with the process, use real coins to vote, now the community's voting rate can reach 35%, which is twice the industry average.
The community can now independently promote protocol upgrades, this is true decentralized governance.
