Orbs Unveils OIP-9: Community Governance Through Decentralized Autonomous Organization

Orbs has launched OIP-9, a proposal to establish community governance through a DAO (Decentralized Autonomous Organization). This marks a significant step in Orbs' governance growth after over four years of on-chain governance and seven years of protocol development.

The proposal uses a progressive governance paradigm that gradually increases community responsibility. It formalizes the community's role in monitoring the protocol, with dedicated DAO-controlled multisig wallets executing authorized choices through community proposals and snapshot voting.

Initially, tokens pledged in the Orbs Proof-of-Stake contract will be eligible to participate in governance under OIP-9. The proposal also includes a limited emergency mechanism for quick action when community voting is impractical.