Cyclone governance is inspired by the Compound Governance Model. Cyclone will be governed and upgraded by CYC token holders using three distinct components: the CYC token, governance module (Governor Alpha), and Timelock. Together, these contracts will allow the community to propose, vote, and implement changes towards Cyclone. Proposals can include changes like adding support for new assets, optimizing current token pools, adjusting CYC's minting/burning rates, and more.
We will share more details regarding the formalized governance process after the initial Cyclone launch.