Shiba Inu’s marketing lead, Lucie, recently provided insights into the upcoming Shiba Inu DAO, emphasizing that the project will not be dominated by whales. She made this clear in response to skepticism surrounding the DAO, which she had hinted at launching last week. According to Lucie, the DAO will empower all holders to participate in the network’s governance and shape the ecosystem’s future.
Community Concerns and Clarification
While some community members welcomed the update, some expressed concerns that whales, due to their significant holdings, could wield disproportionate influence in the DAO’s decision- making process. Addressing these concerns, Lucie asserted that small holders could effectively counterbalance the influence of whales. She highlighted that 1,000 smaller holders could collectively neutralize the impact of any whale.
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Lucie noted that the DAO is designed to be fair, allowing those with significant investments to have a substantial voice. However, she also stressed the importance of community strength, asserting that the combined power of small holders would ensure that the broader community retains control.
Empowering the Community
“The DAO is on the horizon, and with it, the community has more opportunities to shape the future,” Lucie remarked. She reiterated the importance of collective decision-making and the potential for the community to guide the Shiba Inu ecosystem’s direction.
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Lucie also addressed concerns regarding the handling of a 37.5 ETH ($93,787) donation made by Shiba Inu’s food partner, Welly’s, two years ago. She explained that the community would ultimately decide how to use the funds. However, she acknowledged a possible scenario where the wallet owner holding the 37.5 ETH could choose not to return the assets.
Voting on a proposal to determine the allocation of Welly’s donation remains ongoing, with results expected by September 4. So far, 85.77% of participants support placing the funds in a multi-signature wallet controlled by both team and community members. This proposal was introduced on August 31, and voting will conclude soon.
