Rocket Pool Announces Protocol DAO Governance Details

On July 1st, Rocket Pool published details about its protocol DAO governance, which is centered around a community of node operators from around the world. Since the launch of the Protocol DAO governance phase 0, over 763,488 ETH has been staked.

Phase 0 introduced Snapshot voting for the Protocol DAO (pDAO), allowing the pDAO to express its intentions. The pDAO has a clear governance process, active voting participation, funding programs, liquidity incentives, financial management functions, and active public debates.

In the future, Snapshot will continue to be used for voting on most aspects of Rocket Pool (with the advantage of not requiring gas fees). In fact, Rocket Pool believes that any on-chain proposal should first be voted on through Snapshot before being voted on-chain.

On June 29th, it was reported that the US Securities and Exchange Commission (SEC) accused Lido and Rocket Pool's staking programs of being securities.