Ampleforth Governance is a decentralised finance (DeFi) mechanism involving a token called FORTH. It serves as the governance mechanism for the Ampleforth protocol, allowing token holders to participate in decision-making processes by voting on proposed changes and shaping the direction of the protocol.
Ampleforth Governance operates through a structured six-stage process that includes discussion, formal proposal, targeted discussion, off-chain signaling, technical development, and voting. Holders of the FORTH token can propose changes, discuss them within the community, and vote on these proposals, thus influencing the evolution of the Ampleforth ecosystem.
The potential use cases for Ampleforth Governance include:
Ampleforth Governance was launched in April 2021 with the introduction of the FORTH token. The founding team includes Evan Kuo and Brandon Iles, who envisioned a decentralised governance model. Over time, the governance mechanism evolved into a comprehensive six-stage process intended to facilitate community-driven decision-making and ensure the protocol adapts efficiently to market demands.