ورقة للبنك المركزي الأوروبي تشكك في مدى لامركزية DAOs ضمن إطار MiCA
وجدت ورقة عمل صادرة عن البنك المركزي الأوروبي أن حوكمة بروتوكولات التمويل اللامركزي (DeFi) لا تزال شديدة التركز، ما يعقّد الجهود لتحديد الجهات التي ينبغي أن تخضع لإشراف إطار MiCA.
The European Central Bank published a working paper on March 26, finding that governance in four major DeFi protocols was heavily concentrated.
The staff paper looks at Aave, MakerDAO, Ampleforth and Uniswap, and finds that while governance tokens are held across tens of thousands of addresses, the top 100 holders control more than 80% of the supply in each protocol.
Based on holdings snapshots from November 2022 and May 2023, the authors found that a large share of governance tokens could be linked either to the protocols themselves or to centralized and decentralized exchanges, with Binance the largest identified centralized exchange holder across the four protocols.
