The reasons for anemic participation rates in many DAOs vary. Can staking breath life (and capital) into the sector?
on Solana have shown, disengagement can leave DAOs vulnerable to predators who can swoop in, buy up governance tokens from less-interested community members, and force projects to liquidate their treasuries or take other steps that can decimate a project.
But retooled staking, coupled with measures such as greater automation in decision-making and support for delegation, can make a difference. With infrastructure of this kind, community members no longer have to choose between having a say and earning rewards. And projects will benefit from enhanced liquidity, streamlined decision-making, and more productive dialogue with protocol users.
A group of us — the development teams behind PsyFi and HXRO Network, another long-standing Solana project — aim to help change that. We’ve created a free-to-use hybrid staking mechanism that any project in the ecosystem can use.
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