THELOGICALINDIAN - Liquidity staking agreement StaFi is now able-bodied on its way to abounding decentralization
StaFi protocol, a Polkadot parachain, announced it will be exploring means to transform into a absolutely decentralized DAO.
StaFi’s Road to Decentralization
The DeFi agreement will accomplice with Commonwealth Labs and Edgeware to advice them through this process. StaFi has already been congenital on the Commonwealth belvedere alongside seven added Polkadot projects.
Slowly but surely, Polkadot is arduous Ethereum on the DAO front. Best DAOs on Polkadot accept already able agnate sets of accoutrement acclimated by their Ethereum-based counterparts. Additionally, best of these projects accomplish on a added layer, enabling them to use their own tokens for affairs and absorb added aegis features.
In StaFi’s DAO implementation, on-chain proposals will crave a pale of their built-in FIS token.
The latest account is aloof the alpha of the protocol’s babyminding structure, with affairs to affluence into abounding decentralization.
The aggregation has afar their adventure into two stages, with the aboriginal accouterment alone a bound bulk of ascendancy to the community. According to the announcement, already the articles and casework accept been developed, they will access the additional date area ascendancy is confused from the developer’s easily to the community.
In the meantime, association associates are encouraged to participate in off-chain discussions and coact with the team’s developers to accommodate them with acknowledgment and opinions.
Disclaimer: This columnist is not invested in StaFi. However, one or added associates of Crypto Briefing’s administration aggregation owns FIS. The aggregation (Decentral Media Inc.) owns FIS.
