Rocket Pool Announces Protocol DAO Governance Details

On July 1st, Rocket Pool released details about its protocol DAO governance, which is made up of a community of node operators from around the world. Since the launch of the Protocol DAO governance Phase 0, over 763,488 ETH has been staked.

Phase 0 introduced Snapshot voting for the Protocol DAO (pDAO), enabling pDAO to express its intentions. pDAO has clear governance processes, active voting participation, funding programs, liquidity incentive programs, financial management functions, and active public debate.

In the future, Snapshot will continue to be used for voting on most aspects of Rocket Pool (the advantage of Snapshot is that no Gas fees are required). In fact, Rocket Pool believes that any on-chain proposal should first be voted on through Snapshot before being voted on-chain.

On June 29th, it was reported that the US Securities and Exchange Commission (SEC) had charged Lido and Rocket Pool's staking plans as securities.