PANews reported on October 2nd that Taiko, the Ethereum Layer 2 Rollup-based project, has officially activated its binding on-chain governance system and appointed three prominent board members. Taiko stated that its governance operates entirely on-chain, and token holders have a veto over any protocol changes.
The three new board members appointed are:
Felix Oberholzer-Gee : Professor at Harvard Business School.
Joy Lam : Former global head of regulation at Binance.
Wen Yonggang : IEEE Fellow, Professor at Nanyang Technological University.
“We are changing the governance model for Layer 2,” said Daniel Wang, CEO of Taiko Labs. “Most scaling solutions retain backdoor control through multi-signatures or upgrade keys, but we put real power in the hands of token holders.”
