One standard technique to accomplish this feat is by giving token holders a voting say within the protocol’s operations via a DAO. Certainly, Parrot bought over $80 million of its PRT “governance token” to the general public in late 2021. However Parrot by no means arrange a DAO via which PRT homeowners might vote on something. As a substitute, the group executed main selections, from altering tokenomics to “trust me bro” investments, with out holding a proper vote.
