Taiko launches on-chain governance and appoints board members, including a Harvard Business School professor and a former global head of compliance at an exchange

According to ChainCatcher, official sources have revealed that the Ethereum Layer2 project Taiko, which is based on Rollup, has officially activated a binding on-chain governance system and appointed three heavyweight board members. Taiko stated that its governance operates entirely on-chain, and token holders have veto power over any protocol changes.

The newly appointed board members include: Felix Oberholzer-Gee, Professor at Harvard Business School; Joy Lam, former Global Head of Regulatory Affairs at an exchange; Wen Yonggang, IEEE Fellow and Professor at Nanyang Technological University. Daniel Wang, CEO of Taiko Labs, stated: “We are changing the governance model of L2. Most scaling solutions retain backdoor control through multi-signature or upgrade keys, but we are giving real power to token holders.”