DeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote

One in style technique to accomplish this feat is by giving token holders a voting say within the protocol’s operations by way of a DAO. Certainly, Parrot bought over $80 million of its PRT “governance token” to the general public in late 2021. However Parrot by no means arrange a DAO by way of which PRT house owners may vote on something. As an alternative, the group executed main choices, from altering tokenomics to “belief me bro” investments, with out holding a proper vote.