Vitalik Buterin Proposes Simple Two-Layer Blueprint for On-Chain Governance
- Evolution of Governance: Vitalik Buterin proposed that the future of on-chain governance mechanisms will adopt a two-layer structure centered on accountability and preference-setting, emphasizing simplification and practicality to enhance execution efficiency in blockchain projects.
- Effectiveness of Accountability Layer: Buterin believes that prediction markets are the best way to enforce accountability due to their openness and competitiveness, allowing participants to be rewarded for correct decisions, thus creating a direct feedback loop between decision-making and outcomes, which enhances the reliability of decentralized execution.
- Decentralized Preference Setting: He pointed out that the second layer should focus on preference setting and should not be token-based to avoid governance capture by capital concentration, suggesting the use of decentralized and anonymous voting systems to protect independence and reduce collusion risks.
- Warning for Industry's Future: Buterin expressed concerns about the future of the crypto industry, warning that if speculation continues to dominate, the industry risks hollowing itself out, emphasizing the need to focus on real-world applications to avoid industry hollowing.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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