Cardano Decentralized Governance Is More Mature Than Ethereum.
The Ethereum Foundation (EF) has faced criticism for dumping $ETH from its treasury in the past without community communication. This chart illustrates these $ETH withdrawals.
Recently, to avoid this "dumping" criticism, the EF has started utilizing DeFi protocols, providing liquidity to borrow stablecoins instead.
Ultimately, funding for the EF's operations is sourced from its treasury, an action entirely under the Foundation's authority. They are not required to seek community permission for their actions.
(source: dune 'Ethereum Foundation Withdrawals')
In contrast, Cardano uses funds accumulated in its treasury only after they are approved by the community. Even IOG, the company that develops Cardano, must submit proposals to receive operational funding.
So, which one has a more decentralized on-chain governance? Cardano manages its funds through a democratic and transparent process.
This culture will only mature with time, and eventually, the market will take notice of this fundamental difference.
Fundamentally, Cardano remains bullish.
(source: Tempo)
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