DeFi project Synthetix switched to decentralized management

in crypto •  4 years ago 

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Synthetix, the largest decentralized derivatives platform, has moved to a decentralized governance model. This is reported in the project's blog.

Now the organization behind the project, the Synthetix Foundation, is to be liquidated. Instead, governance will shift to three Decentralized Autonomous Organizations (DAOs).

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