DAO Governance White Paper Released! WCT Begins a New Era of Decentralized Autonomy
The WalletConnect Foundation today released the "WCT DAO Governance White Paper," announcing that it will complete a full decentralization transformation by the end of 2025. At that time, WCT token holders will decide on core matters such as protocol upgrades, fee structures, and ecological subsidies through on-chain voting, with the foundation retaining only 5% of emergency governance rights.
Detailed Governance Mechanism:
• Proposal System:
Holding 10,000 WCT allows you to initiate a proposal. Proposals must meet the requirements of a "30% voting participation rate + 60% approval votes" to be passed, preventing manipulation by a minority. The first proposal—to reduce the relay service fee from 0.1% to 0.05%—has already garnered 42% community support.
• Node Economy:
Anyone can become a service node by staking WCT, with node earnings directly linked to network usage. It is estimated that operating a medium-configured node can yield WCT rewards worth $50,000 to $80,000 annually, and as the number of DApp connections grows, earnings will increase exponentially.
• Deflationary Model:
20% of protocol revenue will be used for WCT token buybacks and burns, with the circulation expected to decrease to 850 million by 2026, driving long-term value through scarcity.
