According to TechFlow, the Cyber team has initiated an important governance proposal to approve the CyberDAO work charter and set up a 3-day time lock. The proposal voting has begun and will end on August 25.
The main contents include the formal establishment of CyberDAO, confirmation of the Cyber Foundation as the initial management organization, and the start of the governance decentralization process. The proposal needs 30% of the quorum and 67% approval rate to pass. Only users who stake CYBER tokens can participate in governance activities.
