Orbs Unveils Community Governance Proposal to Decentralize Its DAO

Decentralized layer 3 infrastructure project Orbs has introduced its first formal community governance proposal, OIP-9, aiming to establish the Orbs DAO and create a decentralized governance framework. This framework is designed to support progressive decentralization by gradually expanding the DAO's authority as the community gains experience.

The proposed framework would enable holders of staked ORBS tokens to participate in Snapshot voting on selected protocol decisions, with implementation handled through DAO-controlled multisig wallets. Initial governance responsibilities would include oversight of Proof-of-Stake infrastructure, Guardian management, protocol upgrades, and new network-level deployments.

Orbs' infrastructure is built on a decentralized Proof-of-Stake network, extending the capabilities of existing layer 1 and layer 2 ecosystems by enabling more complex smart contract logic and advanced trading functions. Its infrastructure powers a suite of DeFi protocols, including dLIMIT for on-chain limit orders, dTWAP for time-based orders, Liquidity Hub for optimized liquidity access, and Perpetual Hub for decentralized derivatives trading.