Decentralized projects need to last long, and the key is how well the community governance is done. Walrus recently launched Governance 2.0 upgrade, a complete chain of "proposal-review-vote-implementation" that truly decentralizes decision-making power from the top down to the community.

What are the highlights of this upgrade? The threshold has been significantly lowered. As long as you hold enough WAL tokens, you can directly initiate ecosystem proposals—covering core matters like technical directions, incentive mechanisms, and ecosystem collaborations. Once the proposal passes review by the Community Review Committee, it is open for voting to all token holders. If the approval rate exceeds 50%, it moves into the actual implementation phase. The official has also set up a governance incentive pool; participating in proposals or voting earns you additional WAL rewards. This incentive mechanism is quite interesting.

Here is the one-month performance report of the upgrade—23 community proposals have been implemented, including 5 proposals like "Low-Carbon Node Incentive Optimization" and "Expansion of Educational Data Storage Scenarios," which have already been approved by voting and are now in execution. Community participation has surged by 300% month-over-month, creating an atmosphere of "everyone builds together, everyone shares."

From a personal perspective, this is indeed a great opportunity to participate in ecosystem development. You can directly influence the project's direction through proposals and voting, earn governance incentives, and most importantly, get the first-hand insight into core dynamics and decision-making processes within the ecosystem. This will be very helpful for your strategic planning.