Express

DeFi Protocol Synthetix Outlines Its Decentralization Plan, Now Governed By Three DAOs

Lily Yang

Summary: In an announcement published on Tuesday, the Synthetix team unveiled its transition plan of gradually decentralizing governance in December.  Synthetix is now officially governed by three decentralized autonomous organizations (DAOs), functioning in protocol upgrades and variable configuration, funding public goods, and deploying funds to contributors. By Lily Yang

In an announcement published on Tuesday, the Synthetix team unveiled its transition plan of gradually decentralizing governance in December. 

Synthetix is now officially governed by three decentralized autonomous organizations (DAOs), functioning in protocol upgrades and variable configuration, funding public goods, and deploying funds to contributors.

By Lily Yang

Last Update:

Tags: ,,
Link: DeFi Protocol Synthetix Outlines Its Decentralization Plan, Now Governed By Three DAOs   [Copy]
Next:

Related Articles

  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 20 hours ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 2 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 3 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 5 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 6 days ago

    • You need to login to comment.