Manna

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Governance Overview ​

Manna Protocol is governed through MetaDAO — a futarchy-based governance system where decisions are made by prediction markets, not token votes.

Why Not Token Voting? ​

Traditional DAO governance suffers from well-known problems:

  • Low participation — most token holders never vote
  • Plutocracy — large holders dominate outcomes
  • Uninformed voting — voters don't always understand the technical implications
  • Vote buying — votes can be purchased or bribed

Futarchy addresses these issues by replacing voting with market-based decision making.

How Manna Governance Works ​

  1. A proposal is submitted (e.g., "Add a new collateral type" or "Change the minimum CR")
  2. Two conditional markets are created:
    • Market A: "MANNA price if proposal passes"
    • Market B: "MANNA price if proposal fails"
  3. Participants trade on these markets to express their views
  4. If Market A settles higher than Market B, the proposal passes
  5. The market that "loses" is unwound — traders get refunded

The result: proposals that the market believes will increase protocol value are adopted.

Governance Token ​

MANNA — the protocol's governance token (to be launched). MANNA is used in futarchy markets to evaluate proposals.

What Can Governance Change? ​

  • Protocol parameters (fees, collateral ratios, etc.)
  • Adding new collateral types
  • Protocol upgrades
  • Treasury allocation
  • Emergency actions

For more on the mechanics of futarchy, see MetaDAO & Futarchy.