WULA breaks the ‘pseudo-centralisation’ and enables innovative DAO eco-solutions
With the explosion of DeFi, the drawbacks of decentralised finance have come to the fore, with numerous cases proving that many projects under the banner of decentralisation are essentially “pseudo-centralised”.
Therefore, in the first year of the DeFi explosion, crypto research is once again changing, namely how to explore fully decentralised finance and achieve a fully decentralised governance development model.
DAO governance enables a wave of ‘complete decentralisation’ as WULA rises to the occasion
With the growing interest in decentralised governance manifestations, there are YFI, Compound, UniSwap and others on the ethereum public chain that have all launched DeFi products with the DAO concept.
While all of these products fall short in some way, there is no denying that the creation of the DAO concept is really exciting simply because of the unified rules that it automates to enforce, the transparency, and the ability for stakeholders to express their interests, which embodies the spirit of decentralisation! With this completely decentralised concept, it will help DeFi to create a faster, borderless and completely decentralised organisational support, allowing the project to conduct its affairs more efficiently and fairly!
It is in this context that WULA was born. Faced with the shortcomings of the exploration of DAO and DeFi on Ether, WULA bridges the ecological shortcomings of YFI, Compound and UniSwap and offers a more unique solution to the industry through the DAO governance model!
Currently, WULA’s governance model is also a fully decentralised token governance model, and with full decentralisation as an innovative concept, the combination of DAO + DeFi, WULA community governance is not only able to enhance liquidity, but also significantly increase user activity, creating a very hot “crowd community”, and Building a strong global consensus and solidarity with users.
WULA：DeFi+DAO Dual governance model for a more complete solution
Through the DeFi+DAO concept, WULA proposes a governance solution that combines “people rule + autonomy”, i.e. joint decisions through smart contracts and community governance.
In the human governance layer, WULA eco-users participate together, mainly dealing with non-quantifiable, low-frequency decisions. At the autonomous level, the decisions are executed through smart contracts, which mainly deal with quantifiable, high-frequency decisions. Through the dual governance model, WULA will better balance everything and achieve fairness and transparency in how things are done while ensuring that it is a fully decentralised ecology.
In contrast to traditional financial systems, which are often regulated by financial regulators, WULA’s innovative ecological concept of DAO community autonomy will protect each and every user of WULA and safeguard the interests of each and every WULA user.
Only a completely decentralised ecological community can achieve absolute fairness, openness and justice, and allow every user to have a sense of dependency and participation in the ecology. Under WULA’s DAO autonomy, it will link everything through a completely decentralised ecological environment, allowing people to forget the concept of online and offline, and to live in a more efficient, honest, convenient, free and equal world!