• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Scroll DAO Temporarily Suspends Operations in Light of Leadership Resignations

user avatar

by Giorgi Kostiuk

an hour ago


Scroll DAO, responsible for the Ethereum Layer 2 scaling project, has temporarily suspended its governance operations. This decision follows a series of leadership resignations and was officially announced to the public.

Leadership Resignations Prompt Key Decisions

Eugene, one of the leaders of Scroll DAO, officially resigned from his position last week. In response to this resignation, Scroll co-founder Haichen Shen announced efforts to restructure the governance model. This move aims to address the changes needed within the organization to maintain stability and ensure continued growth.

The Future of Governance in the Altcoin

As a result of the suspension of the governance mechanism, several proposals, including those related to the Scroll DAO treasury, are on hold. The decision-making process regarding whether these proposals will be implemented remains uncertain for now. Stakeholders in the project are keenly watching for any developments that could provide clarity on the future governance path.

Pause in Governance and Community Expectations

In an official statement on the matter, it was clarified that the suspended system is not being ended permanently. Instead, it is temporarily on hold in preparation for a new governance structure. Raza Zaidi, responsible for growth at Scroll, emphasized that the process is a pause, not a cessation. However, no clear roadmap has been shared on how the restructuring will proceed. The community is currently awaiting official updates on the management system.

Scroll DAO has temporarily suspended its governance operations in response to leadership changes. A new governance structure is expected to ensure the organization's growth and stability.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Asset Entities and Strive Merge to Form Bitcoin Treasury with $1.5 Billion Investment

chest

The merger of Asset Entities and Strive creates a Bitcoin treasury with over $1.5 billion for acquisitions. ASST stock rises by over 50%.

user avatarGiorgi Kostiuk

Crypto Bank in Russia: Supporting Miners and Combating Fraud

chest

Russia plans to create a crypto bank to support miners, legalize crypto transactions, and combat fraud in the financial sector.

user avatarGiorgi Kostiuk

South Korea Offers Tax and Financial Benefits to Crypto Companies

chest

South Korea has simplified regulations for cryptocurrency firms, allowing them to gain venture status and access tax benefits.

user avatarGiorgi Kostiuk

CZ on the Decline of the Indian Rupee and the Need for Innovation in the Economy

chest

Changpeng Zhao commented on the record drop of the Indian Rupee, emphasizing the importance of innovation for economic growth.

user avatarGiorgi Kostiuk

U.S. Inflation at 2.9%: Cryptocurrency Market Reacts to Key Data

chest

U.S. inflation rate hits 2.9%, affecting cryptocurrency market volatility and Federal Reserve expectations.

user avatarGiorgi Kostiuk

Solana and Chainlink Price Update: Focus on Practical Solutions with Remittix

chest

Explore the impact of Solana and Chainlink prices on the market, alongside Remittix's growing role with real applications and the beta wallet launch.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.