Governance Update: Summer Vote Results

Earlier this summer we announced our community governance vote happening in the second half of July. The results came out and we would love to share them with all of you. It feels extremely rewarding to see so many of you engage and vote. We appreciate everyone’s input and will continue getting you involved in Defactor’s community governance as we grow.

We put together an explainer video with the results: https://www.loom.com/share/0b81138c714b412dbf427aaaa68f580b?sid=7dac035f-c21c-4157-be81-a028b25285c7

Please feel free to leave your comments below this article. And here is a short summary of the results:

• Long Staking Pool, a product meant for increased rewards with a longer lock up period, got a 100% vote for being implemented
• Expanding Real World Assets Get Real event series beyond Europe and Hong Kong got supported by 97% of the votes, and we will take into consideration everyone who voted against it as well. Please feel free to comment below about the regions where you’d like to see us expand/stay.
• Establishing Community Governance Council for more community involvement and voting on community proposals, and to enable the community of $FACTR token holders to decide on the roadmap got voted YES by 94%.
• New Exchange Listings were supported by 77% who look forward to seeing $FACTR on new exchanges. We appreciate that a significant 23% did not feel like listing on new exchanges is important. We will ensure the listings aren’t happening just for the sake of being listed and they add value to the token community.

Stay tuned for more governance action in the coming months!