USDD’s TRON DAO Reserve shuts down its DAO
TRON DAO Reserve, which purports to govern the so-called reserves for the so-called decentralized stablecoin USDD, has no decentralized autonomous organization (DAO). Historically, there has been a governance portal that has allowed users to vote on USDD changes, but strangely, it has only been used once in the several-year-long history of the protocol. The page for those votes has since been taken down. Although this governance ability seems to have been removed, the documentation for USDD still openly claims that “the governance framework of the USDD ecosystem is designed to be community-driven and decentralized.” It goes even further, claiming that “governance empowers stakeholders to make critical decisions regarding the protocol’s future.” USDD 2.0 has no whitepaper, no governance, and 20% yield Read more: Justin Sun’s USDD removes 12,000 BTC without DAO approval Elsewhere on the USDD website, the project claims that ...