Orbs launches community governance vote to establish its DAO framework

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Orbs launches OIP-9, its first governance vote to establish the Orbs DAO and advance protocol decentralization. Summary Orbs launched OIP-9, its first formal community vote, to establish an initial DAO governance framework. Staked token holders would vote through Snapshot, while multisig wallets would implement approved community decisions. The proposal starts with limited authority and allows responsibilities to move gradually toward community control. Orbs has announced OIP-9, its first formal community governance vote. The online proposal asks eligible participants to establish the Orbs DAO and approve its initial governance framework. It aims to move defined protocol decisions toward the community through a phased process. Holders of tokens staked in the Orbs Proof-of-Stake contract would vote through Snapshot. The proposal marks the next stage in Orbs’ governance evolution following more than seven years of protocol development and nearly four years of on-chain governance. During that time, the network has grown into a live Layer-3 i...