0x takes initial steps towards decentralizing governance
Cointelegraph
Published Feb 12, 2021 05:01PM ET
Updated Feb 12, 2021 06:40PM ET
In a post today on their governance and research forums, the team behind decentralized finance (DeFi) DEX protocol 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.”
“As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment with seed-funding a community treasury managed by a DAO,” reads the post. “To establish the DAO, 0x Labs will identify a set of bootstrap delegates that will shepherd the initial steps of governance decentralization.”
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Written By: Cointelegraph
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