$ENS DAO GRAPPLES WITH ITS BIGGEST GOVERNANCE CRISIS YET 🔥
Nick Johnson, co-founder of ENS, now controls nearly 50% of delegated voting power. His recent vote against renewing the Security Council resulted in 82% opposition, putting the council at risk of dissolution after July 24.
Critics within the crypto space are calling this a governance capture, with some even suggesting the DAO should be dissolved. This raises serious questions about centralization in supposedly decentralized structures.
Is this a temporary internal conflict or a fundamental flaw in DAO governance?
Not financial advice. Always manage your risk.
#ENS #DAO #Governance #Crypto #Crisis
🔥
Nick Johnson, co-founder of ENS, now controls nearly 50% of delegated voting power. His recent vote against renewing the Security Council resulted in 82% opposition, putting the council at risk of dissolution after July 24.
Critics within the crypto space are calling this a governance capture, with some even suggesting the DAO should be dissolved. This raises serious questions about centralization in supposedly decentralized structures.
Is this a temporary internal conflict or a fundamental flaw in DAO governance?
Not financial advice. Always manage your risk.
#ENS #DAO #Governance #Crypto #Crisis
🔥