The Ethena Labs Research team has presented a proposal for ENA token holders to modify the structure of its risk committee, decreasing the number of voting members from five to three. According to the developers, this reconfiguration of Ethena Labs’ governance would allow for a much sharper division of responsibilities, focusing with greater agility on reserve management, redemption requirements, and the integration of collateral assets.
A smaller committee has a collateral objective: to allow the Ethena Foundation to increase individual member compensation, thereby incentivizing a deeper and more professional dedication to the protocol. Under this new scheme, Ethena Labs Research would cease to have a direct vote and instead assume a technical advisory role, while final control over the election of the three commissioners would remain in the hands of the governance community.
If this proposal is approved by validators and sENA holders, the election scheduled for next week will be adjusted to the new three-seat format. The voting results will be under industry scrutiny because, if rejected, the protocol will maintain the original five-member plan, which could influence the system’s response speed during episodes of volatility in the stablecoin market.
Source:https://gov.ethenafoundation.com/t/proposal-reduction-of-risk-committee-members-from-5-to-3/735
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