II.I Operation
The M^0 Protocol is permissioned through the Two Token Governor (TTG) mechanism.
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The M^0 Protocol is permissioned through the Two Token Governor (TTG) mechanism.
Last updated
The primary actors in the protocol are called and (see ).
Once permissioned by the , and are able to access certain methods in the smart contracts which facilitate the creation, maintenance, and destruction of $M. $M is a standard token. The core operating condition of the M^0 protocol is to ensure that all M in existence is backed by an equal or greater amount of value that is held in an (see ).