Polygon released a proposal on Thursday to create a "Polygon Protocol Council" to promote more decentralized governance, and appointed 13 initial members, including officials from Coinbase and the Ethereum Foundation. Polygon stated in a press release that the proposal, called PIP29, will "be responsible for making narrow, time-bound changes to the system smart contracts that implement the existing and future Polygon protocols on Ethereum." According to the announcement, the Council will "execute community-led processes to initiate future upgrades, including those proposed in the forefront stages of Polygon 2.0."