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The Smart Ape đŸ”¥ @the_smart_ape on x 56.6K followers
Created: 2025-07-28 09:32:00 UTC
Let’s be honest, @Polkadot has the most advanced on-chain governance in DeFi.
Everything is executed fully on-chain, proposals, votes, and even protocol upgrades, with no off-chain committees involved.
Their OpenGov system allows any $DOT holder to submit proposals or vote in referenda.
A decentralized expert body has replaced the old Technical Committee, providing technical oversight without centralized control.
No one talks about it, but Polkadot is the largest on-chain DAO by participation (1.3M active wallets), with a fully transparent, community-managed treasury that funds grants and ecosystem growth.
How does it work?
1/ Submit a proposal Any DOT holder can propose anything, from treasury spending to major upgrades.
2/ Governance flow If it gains support, the proposal moves to a referendum, a public vote for all DOT holders.
3/ Vote with conviction Vote by locking DOT, the longer you lock, the more weight your vote carries.
4/ Treasury & bounties Polkadot’s treasury holds millions of DOT, fueled by fees and inflation. Proposals for grants, bounties, or initiatives follow the same open process and must meet approval thresholds.
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Related Topics dot decentralized protocol governance onchain $dot coins layer 1 coins made in usa