Liquid staking protocol Rocket Pool pledged to move towards full decentralization for its Protocol DAO (pDAO) governance unit.
Rocket Pool pledged to move towards full decentralization for its Protocol DAO governance unit.
This came in response to pDAO’s centralization concerns, which were flagged by competitor Lido Finance.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.In the face of recent scrutiny over its governance unit protocol DAO , Rocket Pool, a prominent liquid staking project, has pledged to move towards full decentralization. This unfolded after Dmitry Gusakov from competitor project Lido Finance flagged issues within pDAO.
Rocket Pool operates under the governance of two primary units: the Oracle DAO and the Protocol DAO . The oDAO comprises a permissionless group of Rocket Pool nodes that focus on operational tasks. On the other hand, the pDAO wields control over the smart contracts, thereby determining the operational parameters.concerns regarding the governance of Rocket Pool’s contracts under pDAO.
An EOA is just a straightforward crypto wallet typically under the control of a single person — as opposed to a multi-sig, where multiple people are required to approve a transaction. This, according to Gusakov, is a centralized approach that falls short from the desired fully decentralized autonomous organization model in a project like Rocket Pool.particular unease over the centralized control of the"guardian" parameter in Rocket Pool's smart contracts.
The criticisms extended to the ‘bootstrapMode’ in Rocket Pool’s operations, a typical setting in the early stages of a protocol’s lifecycle that offers more centralized control over certain parameters and functions. This mode presently enabled by Rocket Pool's pDAO underscores the EOA’s significant influence and potential centralization risk within Rocket Pool’s smart contract infrastructure.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lido, Rocket Pool team members argue over decentralizationLido team member accuses Rocket Pool of centralization, but Rocket Pool says it is already fixing the problem.
Leer más »
NASA's InSight lander discovers possible evidence of Mars' liquid coreWhat lies underneath Mars' surface? Space scientists have long been curious about whether Mars' core is solid or liquid.
Leer más »
Value locked in Solana's liquid staking protocols surged by 91% in H1The total value locked in Solana’s liquid staking protocols, such as Marinade, Lido, and Jito, has surged by 91% year-to-date.
Leer más »
Aave Holders Vote on Proposal for DeFi Protocol to Convert 1,600 Ether Into wstETH and rETH.AaveAave token holders are voting on whether the treasury should convert 1,600 ether (ETH) into wstETH and rETH. The token has risen by 7.24% in the past 24 hours. Reporting by oknightcrypto.
Leer más »
Recasting Justin Roiland in ‘Solar Opposites’ Isn't Rocket ScienceFollowing the serious charge against its creator and lead voice actor, 'Solar Opposites' knew exactly what to do, and did it fast.
Leer más »