Logo
Cardano Ecosystem

CoinCu News

02/05/2023

·

179 views


Cardano DEX Declares Initial Governance Progress - CoinCu News

Key Points: The Cardano DEX SundaeSwap has announced an important governance milestone. It announced in a tweet that the first on-chain SundaeSwap governance vote is currently open. SundaeSwap claims it is...

Cardano DEX Declares Initial Governance Progress - CoinCu News

Key Points:

  • The Cardano DEX SundaeSwap has announced an important governance milestone. It announced in a tweet that the first on-chain SundaeSwap governance vote is currently open.
  • SundaeSwap claims it is achieving a goal it has had since the DEX protocol’s introduction in January of last year: to enable SUNDAE token holders to submit and vote on important choices pertaining to the DEX protocol’s development.
  • Jared Corduan, a principal software developer at Input Output Global, the company that created Cardano, suggested that it be accepted and submitted to a vote in November 2022.
The Cardano DEX SundaeSwap has announced an important governance milestone. It announced in a tweet that the first on-chain SundaeSwap governance vote is currently open.
Cardano DEX Declares Initial Governance Progress

In addition to unveiling its customized Layer-2 Validium solution, SundaeSwap announced the opening of its governance portal on January 31.

Missed one of the OG Cardano DEXes in my latest thread on stuff happening in Cardano@SundaeSwap coming with their first vote on adopting quite an extensive list of governance procedures https://t.co/AQe9Z39rmV

— ADA whale (@cardano_whale) February 5, 2023

The SundaeSwap DEX is intended to be a completely decentralized project, and SundaeSwap claimed that it prioritized governance as its first major product release for 2023.

With the introduction of the solution, SundaeSwap claims it is achieving a goal it has had since the DEX protocol’s introduction in January of last year: to enable SUNDAE token holders to submit and vote on important choices pertaining to the DEX protocol’s development. By holding a vote for the greatest ice cream flavor, the DEX introduced its off-chain Validium, an innovative safe governance system on Cardano, in July 2022.

Cardano joins the Voltarian era of government

Cardano joins the Voltarian era of government 1

Charles Hoskinson, the creator of Cardano, launched CIP 1694, the first CIP for the Age of Voltaire, as was reported last year. The Cardano Improvement Proposal (CIP) 1694 aspires to the Voltaire era, often known as the age of governance.

Jared Corduan, a principal software developer at Input Output Global, the company that created ADA, suggested that it be accepted and submitted to a vote in November 2022.

The Voltaire age, according to Cardano’s roadmap, aims to deliver the final components needed for the Cardano network to become a self-sustaining system. Participants in the network will be able to use their stake and voting rights to affect the network’s evolution after the implementation of a voting and treasury system.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on CoinCu News

ORIGINAL SOURCE

https://news.coincu.com/164924-cardano-d...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from CoinCu News

See more
Coinbase SEC Lawsuit Is Currently Very Tense -
CoinCu News
Coinbase SEC Lawsuit Is Currently Very Tense -

01/17/2024

·

55 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)