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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

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