ECB paper questions if DeFi DAOs are decentralized enough to sit outside MiCA
The European Central Bank published a working paper on March 26, finding that governance in four major DeFi protocols was heavily concentrated.
The staff paper looks at Aave, MakerDAO, Ampleforth and Uniswap, and finds that while governance tokens are held across tens of thousands of addresses,
Cointelegraph·03-27 14:02
