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ENS DAO governance reform proposal devolves into drama


ENS DAO governance reform proposal devolves into drama

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Nick Johnson, founder and lead developer of ENS, used about half of the protocol's active voting power to block an on-chain proposal to renew the ENS DAO Security Council, sinking the vote and extending a multiweek governance crisis. The action underscores centralization of voting power, raises security and governance risks for protocol stability and adoption, and may weigh on market confidence in the ENS token and broader crypto DAO governance models.

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Nick Johnson, the founder and lead developer of ENS, just used about half of the protocol’s active voting power to stop an on-chain proposal to renew the ENS DAO Security Council, adding a new chapter to several weeks of a governance crisis that no one wants to see go any further. The on-chain vote ended...
Read the article at CryptoPolitan

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In This News

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