Synthetix Foundation Management Synthetix is ​​governed by our DAO Policy

2020-7-28 11:10
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On July 28, the DeFi Synthetix project announced on the official blog that the Synthetix Foundation completion process had started on June 30. Leaders have gradually reduced the role of the Synthetix Foundation in recent months and the rest of the transition was completed a few weeks ago. The Synthetix project management project will eventually be replaced by the DAO model. According to the News, the Synthetix Foundation announced its abolition of control, and the Synthetix protocol was governed and managed by three different DAO protocols: protocolDAO, GrantsDAO, and synthetixDAO. Among them, protocolDAO governs protocol changes and different configurations, GrantsDAO provides funding for public assets in the Synthetix ecosystem, and synthetixDAO is responsible for managing and distributing funds to stakeholders and other required jobs.

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2020-7-28 11:08