SnaxChain is a decentralized governance layer built on the Synthetix protocol, designed to facilitate community-driven decision-making and enhance network participation. It introduces a unique epoch-based governance model, allowing stakeholders to propose and vote on key protocol changes and enhancements. SnaxChain aims to streamline the governance process by utilizing on-chain voting mechanisms and incentivizing active participation from users. This framework fosters a collaborative environment where the community can shape the direction of the Synthetix ecosystem while ensuring transparency and accountability in governance practices.
