Metagovernance is possible because of on-chain composability between protocols. One protocol could acquire voting power in another protocol and have direct influences through on-chain voting. Metagovernance has been used to bootstrap liquidity, deepen liquidity, and increase yield. Some of the prominent players utilizing metagovernance in these regards are Convex Finance, Abracadabra Money, Yearn Finance, Redacted Cartel, and Frax Protocol.
