cryptonews.net
TRON DAO Reserve, which ostensibly manages the so-called reserves for the so-called decentralized stablecoin $USDD, does not have a decentralized autonomous organization (DAO). Historically, there was a governance portal that allowed users to vote on changes to $USDD, but oddly, it was only used once in the protocol’s multi-year history. The page for these votes has since been removed.
While this governance capability appears to have been removed, the $USDD documentation still openly states that the governance structure of the $USDD ecosystem is designed to be community-driven and decentralized, with governance giving stakeholders the ability to make important decisions regarding the future of the protocol.
However, $USDD has not historically been governed by a decentralized community. The launch of $USDD 2.0 was decided without community input. The de-collateralization of $USDD and the removal of the governance portal for $USDD were decided without community input. Only one vote was taken, and that vote was to allow the project to use the “burned” funds.
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