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Orbs opens first vote on DAO framework
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Orbs opens first vote on DAO framework

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  • Orbs launched OIP-9, its first formal community vote to establish an initial DAO governance framework.
  • Staked ORBS holders will vote through Snapshot, while multisig wallets will implement approved decisions.
  • The proposal starts with limited authority before gradually transferring more protocol responsibilities to the community.

Orbs (CRYPTO:ORBS) launched OIP-9, its first formal community governance vote, seeking approval to establish the Orbs DAO framework.

The proposal follows more than seven years of protocol development and nearly four years of on-chain governance.

Staked ORBS holders will vote through Snapshot, with approved decisions implemented through dedicated DAO-controlled multisig wallets.

If approved, the DAO will initially control selected network parameters, Guardian approvals, major upgrades and new protocol deployments.

Orbs operates Layer-3 infrastructure supporting decentralised finance applications and execution products across several blockchain ecosystems.

The network's existing governance model already includes formal votes, improvement proposals and community development initiatives.

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