Mattr One Governance Glossary
These terms will add additional context for the Mattr Governance articles and topics.
Blockchain - A distributed digital ledger that records transactions on a network of computers. Each block contains a cryptographic hash of the previous block, creating an unalterable chain of data.
DeFi - hort for "decentralized finance," DeFi refers to financial applications built on blockchain technology that aim to eliminate intermediaries and provide permissionless access to financial services.
Delegate - A person or entity selected by a token holder to vote on their behalf.
Delegation - The process of assigning voting power to a delegate who will vote on your behalf in the governance process.
Embr Labs - The company which developed the Mattr One Protocol, along with the DeFi-powered payment platform Embr and the web app Peachee.
EMBR Token ($EMBR) - A versatile utility token designed to fuel the Embr ecosystem by enabling governance, providing staking rewards, and powering seamless cross-chain transactions on the Mattr One Protocol.
Governance - Refers to the processes and structures by which decisions are made in a community or organization. In the context of decentralized finance (DeFi), governance typically refers to the mechanisms by which stakeholders can participate in decision-making about the direction and policies of a protocol or platform.
Governance Framework - The set of rules and processes that govern decision-making within the Mattr One Protocol.
Governing Committee - A group of individuals elected by token holders to oversee the implementation of the Mattr One Protocol's Governance Framework.
Mattr One Protocol - A decentralized, chain-agnostic platform for optimized cross-chain asset swaps, leveraging Anchr smart contracts, off-chain APIs, and DEX aggregators to provide seamless, high-speed value-exchange within the DeFi ecosystem.
MIP - Stands for 'Mattr Improvement Proposal,' a proposal for changes or updates to the Mattr One Protocol.
Off-Chain Governance - A governance model that takes place outside of the blockchain
On-Chain Governance - A governance model that takes place on the blockchain.
Snapshot - A decentralized platform for voting and governance that is used by the Mattr One Protocol.
S*mart Contract** - Self-executing contracts with the terms of the agreement between buyer and seller being directly written into code. Smart contracts allow for trustless automation of transactions and agreements.
Token Holder - A person or entity that holds $EMBR tokens.
Voting Power - The amount of influence a token holder has in the governance process. In the Mattr One Protocol, token holders must hold at least 5000 EMBR tokens to be eligible to cast one vote.
Web2 - Refers to the current era of the internet, which is characterized by centralized platforms and services that are owned and controlled by a small number of large corporations. Web 2 applications typically rely on a client-server model, with data stored on centralized servers controlled by the platform operator.
Web3 - Refers to the emerging era of the internet, which is characterized by decentralized protocols and applications that are owned and controlled by the users who participate in them. Web 3 applications typically rely on decentralized networks and consensus mechanisms to coordinate and validate transactions and data storage, and often use blockchain technology to ensure transparency and security.
Updated on: 23/08/2023