An Overview of Popular DeFi Protocols: Funding and Performance

How It Works

Yield Farming

Governance

Funding

How It Works

Governance

Yield Farming

Funding

How It Works

Governance

Utility

Funding

How It Works

Governance

Yield Farming

Funding

Governance

They have transferred full control of their governance to the COMP token holders, with a minimum 2-day grace period before any accepted protocol changes are implemented. The admin capabilities, now firmly in the hands of the COMP token holder community, no longer represent a centralized point of failure for the Compound protocol.

Yield farming

Funding

Governance

Funding

SNX

Governance

The basic protocol design, incentive parameter settings, and system development are presently governed by the Synthetix foundation. Although the foundation initially made this tradeoff between centralisation and speed of development, it is committed to further decentralising key decision-making processes in the system. Steps in this direction are being taken by the development of community-driven governance and development methodologies.

Funding

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