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Aragon Network Holding Votes on Key Parts of Shift to a New DAO Structure
Community members have until Oct. 5 to cast their votes
Members of the Aragon Network (AN DAO), which is open-source software that lets users create and manage decentralized autonomous organizations, are voting on key parts of its planned transition to a new organizational structure.
The first vote will decide what to do with the treasury funds after the DAO is dissolved and then revived under a new framework. The second vote will address the issue of the new DAO’s charter once the new structure goes live. Votes can be cast until Oct. 5.
STORY CONTINUES BELOW
The new proposed DAO structure will bring in delegated voting, which allows members of the DAO to transfer their voting rights to other members who can then vote on their behalf. Although Aragon Network exists to help others create DAOs, it wasn’t originally set up as one itself, and these votes are part of its years-long shift to a DAO structure.
Read more: 'Decentralized Court' Aragon Hit With Flurry of Resignations
Margaux Nijkerk
Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.
