The PancakeSwap vote points out the industry's problems The | Top DeFi

The PancakeSwap vote points out the industry's problems

The "democratic" decentralized industry is actually a corporate industry.

While many projects in the decentralized finance market claim to strive for democratization, the real numbers suggest otherwise. The latest fact to reveal the state of the industry was the failed vote on the decentralized exchange PancakeSwap.

A vote to create another "farm" - a liquidity delivery platform with interest payments to its participants - for SyrupPool and Chain Guardians tokens on PancakeSwap was invalidated.

According to the exchange team's calculations, user votes were split roughly evenly. In general, the participants did not show proper activity, which was used by one of the big players, sending a large amount - which is how most "decentralized" sites vote - to support the launch of the farm. The result: 65% in favor, 35% against.