December 5, 2023
  1. Home
  2. Block chain

Category: DAO

MakerDAO members shoot down proposal for more centralization

In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance structure become more centralized.  On Monday, the members of MakerDAO showed up to consider three proposals that would have reorganized…

Less than 1% of all holders have 90% of the voting power in DAOs: Report
Block chain

Less than 1% of all holders have 90% of the voting power in DAOs: Report

Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate governance.  DAOs are organizations without a centralized hierarchy and were intended to work in a bottom-up manner so that the community collectively owns and contributes to the…