Hector Network's Future in Flux as Leaders Vote on Legal Restructuring Plan

05/15 20:51

The future of Hector Network is uncertain as leaders vote on a proposal to create an offshore legal structure for the OlympusDAO fork, which could potentially dilute token holders' rights. The proposed structure would give broad powers over governance to employees of Hector Network, and supplant the existing DAO community of token holders. Critics argue that the proposal would create a worthless governance token instead of a true DAO, and give Hector's team complete power over the composition of their oracle group, further distancing the community from governance. The proposed changes have been met with criticism from DAO members, who argue that the legal structure would dilute their powers over the entity.

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