Pendle is set to enhance its governance framework alongside the launch of its new product, sPENDLE. This initiative aims to streamline user participation and make governance more inclusive for all token holders. The source reports that these changes are expected to significantly improve the overall user experience.
Revamped Governance Structure
The revamped governance structure will remove the requirement for weekly engagement, allowing users to vote solely on essential Pendle Protocol Proposals (PPP) to qualify for governance rewards. This shift is designed to simplify the voting process, making it less daunting for users who may have previously felt excluded due to the complexity of the mechanics.
Encouraging Community Participation
By addressing these concerns, Pendle hopes to foster greater participation among its community members. The changes are expected to distribute rewards more equitably, moving away from a system that favored a small group of knowledgeable holders. This new approach reflects Pendle's commitment to creating a more accessible and user-friendly governance experience.
Vitalik Buterin's recent critique of tokenholder voting in DAOs has sparked significant discussion, contrasting with Pendle's efforts to enhance governance inclusivity. For more details, see read more.
