ECB DeFi Governance Study: A16z Is Uniswap’s Top Voter, One-Third of Voters Unidentifiable

28-Mar-2026 Bitcoin.com

A new European Central Bank (ECB) working paper finds that governance over major decentralized finance protocols is controlled by a narrow group of token holders, delegates, and centralized exchanges, raising hard questions about who can actually be held accountable. Top 100 Holders Control 80% of DeFi Governance Tokens, ECB Study Finds The working paper, ECB […]

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