5min chapter

The Defiant - DeFi Podcast cover image

Ethereum is "Terrifyingly" Centralized but there's a way out, ether.fi founder says

The Defiant - DeFi Podcast

CHAPTER

EtherFry: An Alternative Governance Model for Ether Fans

EtherFry is building an alternative governance model for the Ether protocol. Called NFT, it lets users stake ETH and get a character that can be upgraded by staking moreETH into it. The longer you stake, the higher your loyalty points are; in exchange, you get a share of the protocol revenues. It's structured much more like a cooperative rather than a sort of securitized token voting thing as most other protocols use.

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