Governance is a critical part of decentralized finance. With no middleman to broker deals, people who have vested interests in a project must come together as a community and make decisions for the benefit of the project. Axelar's governance mechanism aims to ensure true decentralization in its community actions because It is the foundation of Axelar’s approach to network security.

Axelar is a cross-chain connector that operates on the Proof-of-Stake mechanism. This means there are validators with staking power that allows them to vote on proposals brought up by the DAO. Validators also serve as the network security, ensuring that no fraudulent transactions take place.

Proposal 196

This proposal withdraw funds from community pool to help the initiative Axelarators Community Owned Telegram Group and X (Twitter)

Proposal 196 was brought forward by a governance participant who believes their Axelarator community should be incentivized through quests and tasks. With the Axelarator program, this proposal becomes a reality. The Galxe campaign has launched and $AXL tokens can be won by completing tasks. Head over to the Galxe page and select Axelarator program to participate: galxe.com/axelar

proposal 195 will ensure larger rewards for their most active users, an incentive for being valuable members of the Axelar community. If you have the time, you should join Axelar and complete quests with the possibility of airdrops.

The vote will end today and the result, which will most likely be a PASS, will be announced soon after. To keep up with this development, follow them through their Galxe: galxe.com/axelar