TRON DAO Reserve Does Not Have a Decentralized Autonomous Organization (DAO)

cryptonews.net 2 days ago

TRON DAO Reserve and USDD Governance

TRON DAO Reserve manages the reserves for the decentralized stablecoin USDD, yet lacks a true decentralized autonomous organization (DAO). Despite having a governance portal historically, it was only utilized once in its multi-year existence, and this portal has now been removed.

The documentation for USDD claims its governance structure is community-driven and decentralized, empowering stakeholders to make significant decisions. However, in practice, USDD has not been governed by a decentralized community. Key decisions, including the launch of USDD 2.0, the de-collateralization of USDD, and the removal of the governance portal, were made without community involvement. The sole vote conducted allowed the project to utilize “burned” funds.

Image: designed by Freepik
Designed by Freepik




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Fear

    25