Waves Blockchain Founder Explores New DAO Model to Improve Crypto Governance

.wavesprotocol founder has developed a new DAO model looking to improve crypto governance. By shauryamalwa.

, in which token holders propose and vote on changes or updates that affect a project’s future.

“Simple token governance seems attractive on paper, but has proven ultimately to be inadequate,” Ivanov said in a statement. “Without sufficient accountability built into governance models, bad actors and those who wish to disrupt the decision-making process have no deterrent and will keep on gamifying the system.”

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