According to Foresight News, the decentralized trading protocol DODO has initiated a governance vote to migrate 200 million DODO to the DODO Chain and redirect future protocol revenues to the treasury. The voting process is set to conclude on April 27th at 16:30.
In previous news from Foresight News, it was announced on April 22nd that DODO had launched the Layer3 solution, DODOchain. This move is part of the protocol's ongoing efforts to enhance its platform and provide better services to its users. The Layer3 solution is expected to bring significant improvements to the DODO platform.
The governance vote is a crucial part of DODO's decentralization process, allowing the community to have a say in the protocol's future developments. The proposed migration of 200 million DODO to the DODO Chain and the redirection of future protocol revenues to the treasury are significant steps towards achieving this goal.
The outcome of the vote will have a significant impact on the future of the DODO protocol. If the proposal is approved, it will mark a significant milestone in DODO's journey towards becoming a fully decentralized platform. The community's decision will shape the future direction of the protocol and its potential to grow and innovate in the decentralized finance space.