Polymesh employs onchain governnace, with all proposed and enacted changes managed directly through the chain itself, instead of offchain coordination. The governance process includes community-submitted or committee-submitted Polymesh Improvement Proposals (PIPs), signaling by POLYX holders, and final ratification, rejection, or skipping by the Governing Council. This industry-leading governance model ensures transparency, immutability, and resistance to forks.

The Polymesh Governing Council is the final decision-making authority responsible for enacting protocol changes. Members are appointed by Polymesh Labs and must meet specific eligibility criteria.

POLYX holders can submit Polymesh Improvement Proposals (PIPs) and bond tokens to them to signal support or opposition. However, they do not vote directly to enact changes. Decisions are made by the Governing Council, which determines whether to approve, reject, or defer each proposal.