TRON DAO Reserve, which ostensibly manages the so-called reserves for the so-called decentralized stablecoin USDD, doesn’t have a decentralized autonomous group (DAO). Traditionally, there was a governance portal that allowed customers to vote on modifications to USDD, however oddly, it was solely used as soon as within the protocol’s multi-year historical past. The web page for these votes has since been eliminated.
Whereas this governance functionality seems to have been eliminated, the USDD documentation nonetheless brazenly states that the governance construction of the USDD ecosystem is designed to be community-driven and decentralized, with governance giving stakeholders the power to make essential selections concerning the way forward for the protocol.
Nonetheless, USDD has not traditionally been ruled by a decentralized group. The launch of USDD 2.0 was determined with out group enter. The de-collateralization of USDD and the removing of the governance portal for USDD have been determined with out group enter. Just one vote was taken, and that vote was to permit the undertaking to make use of the “burned” funds.
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