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ENS proposes 5 million-token delegation plan to break founder Johnson’s vote grip


ENS proposes 5 million-token delegation plan to break founder Johnson’s vote grip

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The Ethereum Name Service DAO proposed giving away voting power over 5 million of its own ENS governance tokens in a draft posted by cofounder Alex Van de Sande on July 6 to stop a single delegate from deciding DAO outcomes. The move would dilute concentrated voting control, bolster decentralized governance and improve ENS's credibility and adoption within the crypto and DeFi governance landscape.

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The Ethereum Name Service DAO is preparing to give away voting power over 5 million of its own governance tokens in a move designed to break a single delegate’s ability to decide DAO outcomes. ENS co-founder Alex Van de Sande, posting as avsa.eth, uploaded the draft proposal to the ENS governance forum on July 6,...
Read the article at CryptoPolitan

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In This News

Coins

$ 1.80K

+0.03%

$ 0.028

-0.16%

Funds

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View analytics →
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