Ethfinex Launches DAO as Executives Consider Regulatory Landscape


Published 1y ago via cointelegraph.com

Ethfinex Launches DAO as Executives Consider Regulatory Landscape
Cointelegraph via cointelegraph.com

Cryptocurrency exchange Ethfinex, the sister exchange of Bitfinex, has launched a test decentralized autonomous organization (DAO), the company confirmed in a blog post on June 12. “Today we reach an important milestone in our path to decentralised governance of Ethfinex,” the exchange’s community lead, Ben Wilson, wrote in the blog post.

Wilson added: “We have collaborated with decentralisation protocol experts DAOstack to create an experimental funding Decentralised Autonomous Organisation (DAO), efxDAO.” Speaking to cryptocurrency industry news outlet Decrypt, however, Ethfinex’s co-founder, Will Harborne, said that the decision to reimagine governance went beyond ideology.

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