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💎 DeFi⚪ NeutralImportance 5/10
Fluid Proposes Establishing a Foundation Funded by $3M Annual Grant From DAO
🤖AI Summary
Fluid, a DeFi protocol associated with Instadapp, has proposed establishing a non-profit foundation that would receive $3M annually from its DAO. The foundation would oversee the protocol's code, frontend development, and trademark management if the governance proposal is approved.
Key Takeaways
- →Instadapp's COO has proposed creating a non-profit foundation for the Fluid DeFi protocol.
- →The foundation would be funded by a $3 million annual grant from the protocol's DAO.
- →The foundation would oversee code development, frontend maintenance, and trademark management.
- →The proposal requires community governance approval to move forward.
- →This represents a move toward more formal organizational structure for DeFi protocol governance.
Read Original →via The Defiant
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