Vitalik thinks token-based decentralized governance is holding DeFi back

Cointelegraph

Published Aug 18, 2021 01:56AM ET

Updated Aug 18, 2021 03:40AM ET

Ethereum co-founder Vitalik Buterin has taken a deep dive into token-based decentralized governance, suggesting that existing voting mechanisms are flawed and may be holding the DeFi sector back from realizing its full potential.

In a lengthy blog post published Aug. 16, Buterin stated the crypto community needs to "move beyond coin voting as it exists in its present form.”

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