Taiko launches on-chain governance and appoints a board of directors, including a Harvard Business School professor and the former global regulatory head of Binance

ChainCatcher news, according to official sources, the Ethereum Layer2 project Taiko, based on Rollup, has announced the official activation of a binding on-chain governance system and appointed three heavyweight board members. Taiko stated that its governance operates entirely on-chain, and token holders have veto power over any protocol changes.

The newly appointed board members include: Felix Oberholzer-Gee: Professor at Harvard Business School. Joy Lam: Former Global Head of Regulatory Affairs at Binance. Wen Yonggang: IEEE Fellow, Professor at Nanyang Technological University. Taiko Labs CEO Daniel Wang stated, "We are changing the governance model of L2. Most scaling solutions retain backdoor control through multi-signatures or upgrade keys, while we are giving real power to the token holders."