Solana-based DEX Serum is considering changes to its DAO gover | https://t.me/Solana_Updates

Solana-based DEX Serum is considering changes to its DAO governance

Solana and Serum developers TDM Blockchain developed the proposal and filed its recommendations to the Serum DAO forum on Thursday. If passed, this will result in the creation of a new community token for the Serum DAO. Serum already has a native token called SRM.

If the proposal goes through, Serum's new locked tokens will confer voting rights to holders. Community members will have to lock their SRM to obtain gSRM to be able to vote on governance proposals in the DAO. Users may also choose to unlock their tokens at any time. Locking or unlocking tokens will take seven days, according to the proposal but TDM stated that the DAO may choose to adjust this timeframe if it so wishes.

Source

@Solana_Updates