Scroll DAO Pauses Governance Process Following Leadership Resignations

1 min

The Scroll decentralized autonomous organization (DAO) will pause its governance process due to leadership resignations and confusion over active proposals. Key points include:

  • The DAO operates under blockchain rules, with decisions made through token-based voting.
  • Co-founder Haichen Shen mentioned a redesign of governance, described as a "pause" by contributor Raza.
  • It is uncertain if current proposals, including treasury management, will proceed.
  • Leadership figure Eugene resigned, leading to uncertainty about which proposals are live or approved.
  • Scroll is seeking time to restructure governance, potentially moving towards a more centralized model.
  • Top delegates remain in place, with Olimpio holding 176,000 SCR in voting power.
  • SCR tokens increased by 3% in the last 24 hours but are down 75% from last December's peak.

Original publication

Authors credited by the source: Shaurya Malwa

Published by Holder based on an external source.