TechFlow News — According to The Block, the team behind Waves is launching a DAO governance framework called Power Protocol, which will provide tools for new or existing DAOs to manage their decentralized organizations. The announcement states that Power Protocol is a new DAO governance architecture set to launch in January 2023. Power Protocol will launch through an airdrop of its native token, POWER. The community will determine eligibility criteria for the airdrop. Waves' Power DAO will be the first DAO to use the Power Protocol framework.
The Waves team said it aims to address issues associated with so-called simple token-based governance—a framework widely adopted by DAOs, where governance token holders have voting rights to make decisions within the community.Original link
