According to BlockBeats, on July 1, Rocket Pool published a document disclosing the details of the Protocol DAO governance. At the core of Rocket Pool is a community of node operators from all over the world, which has pledged more than 763,488 ETH since the launch of Phase 0 of the Protocol DAO governance.
Phase 0 introduces Snapshot voting for the Protocol DAO (pDAO), enabling the pDAO to express its intent. The pDAO has a clear governance process, active voting participation, a funding program, a liquidity incentive program, a treasury management function, and active public debate.
Snapshot will still be used to vote on most aspects of Rocket Pool in the future, and Rocket Pool believes that any on-chain proposal should first be voted on through Snapshot before on-chain voting. Earlier on June 29, according to market news, the U.S. Securities and Exchange Commission (SEC) accused Lido and Rocket Pool of staking programs being securities.