Terra Classic Proposal for Sub #DAOs
The governance proposal under criticism seeks to create a #TerraClassic Sub-DAO. This proposal hinges on plans to decentralize decision-making processes within the $LUNC ecosystem.
It also suggests creating a special team to respond to emergencies without waiting for full governance approval. The goal is to make decision-making faster and more efficient.
However, this proposal has spurred mixed reactions among community members. Critics claim it could grant excessive, unchecked power to a select group and undermine the blockchain’s decentralized ethos.
Similarly, critics fear that bypassing traditional governance mechanisms could lead to decisions misaligned with the broader interests of the $LUNC ecosystem.
Notably, the proposal has garnered 39.41% approval, 7.95% opposition, and 25.47% votes marked as “No with veto.” The voter turnout is 28.95%, falling short of the 40% quorum required for passage.