Who should hold the future of a protocol? Increasingly, the answer from more projects is: the community.
Take WAL as an example. They are building a truly decentralized autonomous organization system, gradually shifting governance rights from the core team to the community. How are they doing this?
**The key is the veWAL model.** The more $WAL you lock and the longer the lock-up period, the greater your voting power. This design is very clever—it naturally encourages long-term holders who are optimistic to participate in decision-making, while effectively isolating short-term arbitrage noise. Major decisions like technical upgrades, fund allocation, and ecosystem collaborations all require voting.
**The participation process is also very clear.** The community initiates discussions on the official forum, mature ideas are then submitted to off-chain voting platforms like Snapshot for preliminary surveys, and final important decisions are executed on-chain. Early on, the roadmap might still be led by the foundation and core developers, but in the long run, the true steering wheel will increasingly be in DAO voting hands.
**The ecosystem fund is also a highlight.** The protocol allocates a portion of its revenue or tokens into the community treasury, where developers can submit project proposals for support. Want to create a new interface? Data analysis tools? Or even integrate other blockchains? There are opportunities. This way, a variety of creative ideas can flow in, naturally activating the ecosystem.
Whether this model works or not ultimately depends on the community’s participation and execution.
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RatioHunter
· 20h ago
Sounds good, but can the veWAL system truly achieve decentralization? Large holders locking tokens have the say, ultimately it still comes down to the financial elites calling the shots.
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GasWaster
· 01-07 17:49
Looks good, but the real test is whether anyone actually participates... Most projects sound nice, but in the end, the voting is still controlled by a few whales.
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GasFeeVictim
· 01-07 17:47
Sounds good, but the ones who can really invest are probably still those big players. Retail investors' voting rights are almost nonexistent.
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GateUser-e87b21ee
· 01-07 17:42
Sounds good, but the real test is in execution... Community voting sounds democratic, but in reality, big players have the final say, and it's the same thing.
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BagHolderTillRetire
· 01-07 17:41
The more you lock, the greater the voting power—that logic is indeed perfect... But the real question is whether the community can reliably execute it.
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CounterIndicator
· 01-07 17:39
Sounds great, but the ones actually participating in voting are still those whales... Ordinary holders locking for a year probably won't have much say.
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DustCollector
· 01-07 17:38
I understand the logic of veWAL, but I'm just worried that in the end, the big players will still have the final say.
Who should hold the future of a protocol? Increasingly, the answer from more projects is: the community.
Take WAL as an example. They are building a truly decentralized autonomous organization system, gradually shifting governance rights from the core team to the community. How are they doing this?
**The key is the veWAL model.** The more $WAL you lock and the longer the lock-up period, the greater your voting power. This design is very clever—it naturally encourages long-term holders who are optimistic to participate in decision-making, while effectively isolating short-term arbitrage noise. Major decisions like technical upgrades, fund allocation, and ecosystem collaborations all require voting.
**The participation process is also very clear.** The community initiates discussions on the official forum, mature ideas are then submitted to off-chain voting platforms like Snapshot for preliminary surveys, and final important decisions are executed on-chain. Early on, the roadmap might still be led by the foundation and core developers, but in the long run, the true steering wheel will increasingly be in DAO voting hands.
**The ecosystem fund is also a highlight.** The protocol allocates a portion of its revenue or tokens into the community treasury, where developers can submit project proposals for support. Want to create a new interface? Data analysis tools? Or even integrate other blockchains? There are opportunities. This way, a variety of creative ideas can flow in, naturally activating the ecosystem.
Whether this model works or not ultimately depends on the community’s participation and execution.