JUST IN: Leaders of OHM fork Hector_Network have proposed legal changes to its DAO that would give broad powers to employees, a review of documents show. Critics say it undercuts $HEC community governance. realDannyNelson reports
Alongside clearing legal liabilities, however, the new structure would give broad powers over the levers of governance to employees of Hector Network itself, according to a CoinDesk review of the proposed changes.Olympus DAO
With much of that money long spent on various endeavors and project bloat, the remaining team members have tightened Hector’s belt and pledge to clean up the DeFi project’s act. But the legal clean-up job proposed in HIP 40 caught immediate ire Monday for allegedly undercutting Hectors status as a community-run DAO.
DAO members criticized the proposal in Hector’s Discord server Monday, with some arguing the legal structure would dilute their powers over the entity. One point of criticism focused on a clause in the DAO charter that would give broad powers to an 11-person “steering committee” staffed almost exclusively by employees of Hector Network.
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