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The most interesting aspect of Walrus's governance system is that WAL holders are not just passive investors but co-builders who directly participate in ecosystem decision-making. Want to change the storage fee rate? Want to adjust the node staking threshold? Or push forward the technical upgrade direction of RedStuff encoding? These major protocol-level decisions must go through on-chain voting, requiring more than 51% of WAL holdings to reach consensus before they take effect.
From another perspective, this mechanism ensures that no one can arbitrarily modify the rules. Community members directly hold voting rights, and Walrus's development direction will inevitably be more aligned with the actual community needs rather than a centralized team's unilateral decisions. This is the true meaning of decentralized operation.