Decentralized smart contracts platform Waves has announced its new DAO platform called Power Protocol.
These days, when the crypto industry continues in a bear trend, blockchain initiatives continue at full speed. In particular, user growth was observed on the DeFi and DAO side. These sectors, which institutional companies and investors are oriented towards, are also preparing the ground for the crypto bull market. The evolution of the DeFi side to a decentralized banking system drew attention. In addition, DAO received a lot of attention by offering a decentralized and anonymous management environment. All these processes whetted the appetite of the projects. Finally, Waves has taken a new step towards DAO.
Waves Launches New DAO Model Next Year
Decentralized crypto project Waves will launch the Power DAO service to manage the governance architectures of new and existing DAO products. This service, which will start next year, will be implemented through the Power Protocol.
The company behind Waves is preparing to launch a governance framework called Power Protocol for managing its decentralized organizations or existing DAO services. According to the announcement, Power Protocol is expected to be released in the first month of the new year.
The project’s team stated that this service was designed to deal with issues known as simple token governance. Waves founder Sasha Ivanov stated that with this service, organizations with large governance token assets can influence the DAO votes.
In addition, Waves will airdrop a new token called POWER. This token will belong to the new DAO.
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