Kujira, a decentralized finance （DeFi） platform, proposes the establishment of a decentralized autonomous organization （DAO） to address liquidity and security challenges following recent exploits and market destabilization.
Points
- Kujira proposes creating a DAO to improve liquidity and security.
- The proposal follows exploits, socially engineered attacks, and market fallout.
- Kujira Operational DAO would take ownership of the Kujira Treasury and core protocols.
- The DAO aims to reduce debt and ensure sustainable revenue sources.
Kujira, a decentralized finance （DeFi） platform, has faced significant challenges recently due to exploits, socially engineered attacks, and market destabilization. In response, the Kujira team has proposed the establishment of a decentralized autonomous organization （DAO） named the Kujira Operational DAO to tackle these issues and improve liquidity and security within the ecosystem.
The Kujira team acknowledged the difficulties in maintaining safe positions amid rapid sell-offs and market instability. In an official X post, they stated, “Although this was by design by a select few, we of course take full responsibility for the position getting to this point, and we are truly sorry that it’s affected price.”
The proposed Kujira Operational DAO would assume control of the Kujira Treasury and core protocols, with an initial mandate to safely reduce debt and stabilize the platform. The team also suggested migrating the Community Pool to the Operational DAO to allow for longer and more considered voting periods for grant requests, compared to the usual 48 hours.
The DAO structure is expected to provide a sustainable source of revenue in the future by transferring the Foundation’s staking positions to the DAO over time. The Kujira team plans to deliver a detailed roadmap for “BOW v2, USK v2, GHOST v2, and Perps” in the coming months, aiming to rebuild trust and enhance the platform’s resilience.
解説
- The proposal to establish the Kujira Operational DAO highlights the need for decentralized governance structures to address complex challenges in DeFi ecosystems.
- By taking ownership of the Kujira Treasury and core protocols, the DAO aims to stabilize the platform and ensure sustainable growth through improved liquidity and security measures.
- Migrating the Community Pool to the DAO for longer voting periods can enhance decision-making processes and foster greater community involvement and transparency.
- The planned transfer of the Foundation’s staking positions to the DAO underscores the commitment to creating a sustainable revenue model and long-term stability for the platform.
- Understanding the importance of decentralized governance and effective risk management can help stakeholders appreciate the value of the proposed DAO in strengthening Kujira’s ecosystem.