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Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Altcoin1998$ on April 19, 2021, 01:53:37 PM

Title: PancakeSwap DeFi Governance Manipulated by Single Whale Vote
Post by: Altcoin1998$ on April 19, 2021, 01:53:37 PM

Decentralized finance (DeFi) protocols constantly strive for quality and fairness, but many fall short due to their governance voting mechanisms.

In a tweet on April 19, the Binance Smart Chain-powered PancakeSwap decentralized exchange (DEX) stated that a governance proposal vote failed at the hands of one whale.
Source:click (https://cryptonews.net/553098/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)

Title: Re: PancakeSwap DeFi Governance Manipulated by Single Whale Vote
Post by: zilzylian on April 20, 2021, 12:42:14 AM

I'm therefore worried about this, whether the DeFi platform will truly become decentralized, if I look at the article above I think there is still a voting system that needs to be changed because voting does not depend on one person but there are many users.