According to BlockBeats, Rocket Pool, on July 1, disclosed details of its Protocol DAO governance. The core of Rocket Pool is a community composed of node operators from around the world. Since the launch of the Protocol DAO governance phase 0, more than 763,488 ETH has been staked.

Phase 0 introduced the Snapshot voting of Protocol DAO (pDAO), enabling pDAO to express its intentions. The pDAO has a clear governance process, active voting participation, funding plans, liquidity incentive programs, financial management functions, and active public debates.

Rocket Pool will continue to use Snapshot for voting on most aspects of Rocket Pool in the future (the advantage of Snapshot is that no Gas fees need to be paid). In fact, Rocket Pool believes that any on-chain proposal should first be voted on by Snapshot before on-chain voting.

Previously, on June 29, according to market news, the U.S. Securities and Exchange Commission (SEC) accused the staking plans of Lido and Rocket Pool of being securities.