2. DAO Governance
Overview
DAO (Decentralized Autonomous Organization) governance enables the community to have voting rights over protocol changes, ensuring a decentralized and democratic decision-making process.
Key Features
- Voting Rights: Token holders gain proportional voting power based on their stake.
- Proposal Mechanism: Any member can propose changes, subject to community voting.
- Transparency: All decisions and voting outcomes are recorded on-chain.
Benefits
- Fosters community-driven development and ownership.
- Enhances transparency and accountability in protocol updates.
- Ensures the protocol evolves in line with user priorities.
Updated 30 days ago