Taiko launches on-chain governance and appoints a board of directors, including a Harvard Business School professor and the former global regulatory head of Binance

according to official sources, the Ethereum Layer2 project Taiko, based on Rollup, has announced the official activation of a binding on-chain governance system and appointed three heavyweight board members. Taiko stated that its governance operates entirely on-chain, and token holders have veto power over any protocol changes.

The newly appointed board members include: Felix Oberholzer-Gee: Professor at Harvard Business School. Joy Lam: Former Global Head of Regulatory Affairs at Binance. Wen Yonggang: IEEE Fellow, Professor at Nanyang Technological University. Taiko Labs CEO Daniel Wang stated, "We are changing the governance model of L2. Most scaling solutions retain backdoor control through multi-signatures or upgrade keys, while we are giving real power to the token holders."