Reinstating DAO Voting to govern Euler

Euler DAO Governance
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In September 2024, we proposed a shift to an optimistic governance model to help Euler move quickly and regain its position in the market following the launch of Euler V2. At the time, Euler needed to operate with startup-like speed while still under the structure of a mature DAO. This approach allowed the Foundation to propose changes and only move to a vote if there was strong objection from the community.

Now, with the successful deployment of Euler V2 across multiple chains, along with the protocol surpassing $1 billion in TVL, it’s time to return to regular DAO governance. Euler now has the momentum and maturity to support a more participatory governance process.

The first formal vote under this renewed model will be on the Euler Labs contract renewal, which will go live on Snapshot shortly.

We’re looking forward to increased community involvement as we enter this next phase of growth.

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I think it’s still too early to switch back to a voting-based governance system. The system we currently have allows us flexibility that no other protocol has, and therefore a big advantage over them. And the voting system is a huge joke, let’s not kid ourselves, I prefer scalability to any semblance of governance.