X @Ignas | DeFi

What would it take for $ETH to switch to onchain governance?Right now Ethereum governance is offchain:Core devs propose EIPs, the community debates, and social consensus decides what gets implemented.Staking gives you validator power and yield but zero say in protocol direction.So currently even DeFi tokens like $UNI and $AAVE have more utility in governance than $ETH.Vitalik opposes token voting for protocol governance as anyone with enough capital could buy 51% and capture governance.But that's unlikely b ...