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💎 DeFi NeutralImportance 6/10

Why Fluid devs want to give DAO ‘ultimate authority’

DL News|Aleks Gilbert||4 views
🤖AI Summary

Fluid's developers have proposed transferring all intellectual property to a DAO-controlled foundation, giving the decentralized autonomous organization ultimate authority over the protocol. This move comes as a similar governance debate is occurring with Fluid's main competitor.

Key Takeaways
  • Fluid developers want to transfer all intellectual property to a DAO-controlled foundation
  • The proposal would give the DAO ultimate authority over Fluid's protocol decisions
  • A similar governance debate is currently happening with Fluid's chief competitor
  • This represents a shift toward more decentralized governance structures in DeFi protocols
  • The move could set a precedent for how DeFi projects handle intellectual property and governance
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