How Does the Concept of ‘Social Consensus’ Influence On-Chain Governance Decisions?
Social consensus is the broad, off-chain agreement among the community members, developers, and stakeholders regarding the direction of the protocol. While the final vote is on-chain, proposals that lack strong social consensus are often viewed as illegitimate or are highly contentious.
A failure of social consensus can lead to a community split or a hard fork, making the off-chain discussion crucial for the long-term stability of the protocol.