What is Governance?

The Rethereum Protocol is a public good owned and governed by RETHER token holders.

Retherswap governance refers to the decentralized decision-making process within the Retherswap ecosystem, a prominent decentralized exchange (DEX) built on the Hypra Network. Retherswap allows users to swap various cryptocurrencies without relying on traditional intermediaries like centralized exchanges. Governance in the context of Retherswap involves key decisions about the protocol's development, parameters, and its future direction, all of which are determined by the community of Rethers token holders.

The Retherswap Token

The Retherswap token enables community ownership and active stewardship of the Protocol. RETHER holders govern the Protocol through an on-chain governance process. This approach aligns with the principles of decentralization and community-driven governance often seen in the blockchain and DeFi space.

Community-led Growth

Having proven product-market fit for highly decentralized financial infrastructure with a platform that has thrived independently, Retherswap is now particularly well positioned for community-led growth, development, and self-sustainability. The introduction of RETHER (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.

Retherswap will always embraced the tenets of neutrality and trust minimization: it is crucial that governance is constrained to where it is strictly necessary. The Retherswap governance framework is limited to contributing to both protocol development and usage as well as development of the broader ecosystem.

In doing so, RETHER officially enshrines Retherswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.