Rocket Pool Announces Protocol DAO Governance Details
On July 1st, Rocket Pool published details about its protocol DAO governance, which is centered around a community of node operators from around the world. Since the launch of the Protocol DAO governance phase 0, over 763,488 ETH has been staked.
Phase 0 introduced Snapshot voting for the Protocol DAO (pDAO), allowing the pDAO to express its intentions. The pDAO has a clear governance process, active voting participation, funding programs, liquidity incentives, financial management functions, and active public debates.
In the future, Snapshot will continue to be used for voting on most aspects of Rocket Pool (with the advantage of not requiring gas fees). In fact, Rocket Pool believes that any on-chain proposal should first be voted on through Snapshot before being voted on-chain.
On June 29th, it was reported that the US Securities and Exchange Commission (SEC) accused Lido and Rocket Pool's staking programs of being securities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Price Drops Below $85K Again as TAO, FET See Surges
CARV opens the second season airdrop collection, the snapshot time is April 17th 20:00
Auradine Secures $153M in Series C Funding to Expand Blockchain and AI Infrastructure
Auradine, a prominent blockchain and AI infrastructure solutions provider, has successfully raised $153 million in a Series C funding round.

KiloEx has recovered all stolen funds and will issue a 10% bounty to white hat hackers
Trending news
MoreCrypto prices
More








