BakerDAO Governance System V1.0 has Launched.(July 25, 2021)
On July 25, 2021, the BakerDAO governance system V1.0 was successfully launched. The holders of the governance token BKR can propose governance proposals and vote on the proposals. After the voting is passed, the governance proposals can be executed to update the system protocol. The governance system is the first step towards decentralization of BakerDAO and an important step for BKR holders to contribute to the development of BakerDAO. Every BKR holder has voting rights and is an important member of the BakerDAO community. Next, we will conduct community governance for all BKR holders for the first time. At the same time, the team will plan the BakerDAO governance system V2.0 to encourage BKR holders to participate in community governance to further strengthen the degree of decentralized governance of BakerDAO.