Cryptographic developers propose "panoramic governance" to incentivize participation in Layer 2 blockchains.

According to a report by CoinDesk, three anonymous cryptocurrency developers have proposed a new mechanism called "Panoramic Governance" to incentivize governance participation and protocol growth within Layer 2 blockchains. According to a whitepaper written by 0xCygaar, 0xBeans, and 0xMons, "Panoramic Governance can be implemented on any Layer 2 blockchain, using native governance tokens and a sorting system where users pay gas fees to obtain faster transaction sorting and trusted pre-confirmation. Panoramic Governance consists of two interdependent systems: one system allocates sorting fees to governance voters who actively participate in the network, and another system allows voters to directly channel token emissions to protocols built on the given blockchain. The protocol increases the demand for block space, resulting in higher sorting fees. This, in turn, increases the income of active governance voters, who are then incentivized to allocate more emissions to successful protocols on the chain."