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DeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote

CryptoKing by CryptoKing
July 22, 2023
in Blockchain, Business, DeFi, Guide, Market, NFTs, Regulation, Ripple
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One well-liked solution to accomplish this feat is by giving token holders a voting say within the protocol’s operations by a DAO. Certainly, Parrot bought over $80 million of its PRT “governance token” to the general public in late 2021. However Parrot by no means arrange a DAO by which PRT house owners might vote on something. As a substitute, the workforce executed main choices, from altering tokenomics to “belief me bro” investments, with out holding a proper vote.

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