On October 2nd, according to Blockworks, Taiko announced the official launch of an on-chain governance mechanism, giving the community control over protocol decisions.
The move is designed to address the growing problem of centralized control in Layer 2 networks, with most protocols retaining the right to override changes to user funds and protocol rules without community input. Token holders can veto any protocol changes during review, while security committees can initiate proposals but cannot override community decisions.
Taiko also appointed three board members with expertise in global regulation, business strategy, and blockchain technology: Felix Oberholzer-Gee of Harvard Business School, Joy Lam, former head of Binance regulation, and Wen Yonggang, an IEEE fellow.
In addition, Taiko has appointed Ren Jang as a new advisor. He is the head of strategy at Flipster, a high-performance centralized exchange designed by traders. Ren worked as a corporate valuation expert at Ernest & Young before joining the crypto industry and believes that blockchain can transform the financial sector.
The official said that the first round of binding voting has been launched. Token holders can delegate voting rights or directly vote on changes to the agreement. All technical decisions are made transparently on the chain.
Taiko officially launched its on-chain governance mechanism and appointed three new board members and a new advisor
2025-10-02 15:38:12
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