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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