Translation of the Title: CEO of Tally Protocol: Compound DAO Incident Not a Governance Attack, Highlights Need for Improvement in DAO Democracy
Publication Time:2024-08-01 22:16:08
Translation of the Body: Dennison Bertram, the CEO and co-founder of Tally protocol, underscored that a recent governance event on the Compound lending protocol was not an actual 'governance attack'. He explained that despite some governance token holders suggesting the creation of income-generating products, this action was in line with the established rules of the protocol's DAO, and thus could not be simply attributed to aggressive behavior. Bertram noted that this reflects the inadequacy of the democratic procedures of governance DAOs, which requires further improvement to facilitate more efficient decision-making processes. Bertram also shared the latest developments at Tally protocol. The protocol plans to launch a test network version in the coming weeks, aiming to boost participation and interest in DAO governance through incentive mechanisms. Tally has already completed two rounds of funding, with the goal of building a powerful dashboard and tools for DAO governance, designed to provide users with a more intuitive and convenient governance experience. This incident not only sparked discussions about DAO governance mechanisms but also showcased the potential of the Tally protocol in driving innovation in DAO governance. With the launch of the test network, Tally is expected to offer new solutions to improve DAO participation and contribute to the healthy development of the entire DAO ecosystem.
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