Cardano Launches Research on Governance Crisis with 11,000 DAOs: A Shift in DeFi?
— Coin Türk
Cardano is seeking solutions to its governance crisis involving 11,000 DAOs.
Cardano has launched a comprehensive study to examine its governance model for 11,000 DAOs, raising concerns about development and revenue issues within the ecosystem.
- Low revenues and a declining development network in the Cardano ecosystem have increased developers' desire to pursue practical DeFi projects; however, the founder prefers to adhere to academic foundations.
- The research highlights the uncertainty surrounding Cardano's governance model and the future of $ADA, revealing conflicts among differing views within the ecosystem.
Discussions about the governance model could significantly influence Cardano's direction and development strategies within its ecosystem.