One person holds 80% of the voting power. Is this a DAO or a one-person board? Decentralized governance has become a joke.

View Original
CoinNetwork
BitJie Network news: ENS DAO co-founder Nick Johnson cast a “no” vote in an on-chain executable proposal, causing a proposal to extend the ENS Security Council’s two-year term to fail with approximately 82% opposing votes. Johnson holds around 3.26 million ENS tokens, accounting for roughly 80% of the tokens that were voted in this instance. He said his opposition was because the current Security Council members may use their veto power to block proposals that individuals do not agree with, and that he supports a new proposal to reorganize the Security Council. The incident has sparked controversy in the community over the concentration of ENS governance power and the excessive concentration of voting rights, with some community members even believing there is a risk of governance failure in the ENS DAO.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned