The TRON DAO Reserve, which claims to govern the reserves for the decentralized stablecoin USDD, is not actually a decentralized autonomous organization (DAO). Despite documentation claiming a community-driven and decentralized governance framework, historical evidence contradicts this. The governance portal for USDD changes has only been used once and has since been taken down. Important decisions, such as the launch of USDD 2.0 and the removal of bitcoin as collateral, were made without community input. Only one vote has been held, which authorized the use of "burned" funds by the project. It is unclear why USDD is misrepresenting itself as a DAO and falsely claiming decentralized governance. Protos has reached out for clarification but has not received a response.
Pundit Explains Why XRP Has Not Surged Despite Positive News; Identifies What Could Trigger Next Run