Rocket Pool Announces Protocol DAO Governance Details
On July 1st, Rocket Pool published a release disclosing the details of the DAO governance of the protocol. At the heart of Rocket Pool is a community of node operators from all over the world. Since the launch of the Protocol DAO governance phase 0, more than 763,488 ETH has been pledged.
Phase 0 introduced Snapshot voting for Protocol DAOs (pDAOs), enabling pDAOs to express their intent. PDAOs have clear governance processes, active voting participation, funding programs, liquidity incentive programs, financial management functions, and active public debate.
In the future, Snapshot will still be used to vote on most aspects of Rocket Pool (the advantage of Snapshot is that there is no gas fee). In fact, Rocket Pool believes that any on-chain proposal should first be voted on via Snapshot before an on-chain vote.
Previously, on June 29, according to market news, the Securities Exchange Commission (SEC) charged Lido and Rocket Pool's pledge scheme as securities.