One common method to accomplish this feat is by giving token holders a voting say within the protocol’s operations by way of a DAO. Certainly, Parrot bought over $80 million of its PRT “governance token” to the general public in late 2021. However Parrot by no means arrange a DAO by way of which PRT homeowners might vote on something. As an alternative, the workforce executed main selections, from altering tokenomics to “belief me bro” investments, with out holding a proper vote.
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