DeFi Project Parrot Holds Contentious Vote on Future of $70M Treasury

One stylish way to accomplish this feat is by giving token holders a voting say in the protocol’s operations through a DAO. Indeed, Parrot bartered over $80 million of its PRT “governance token” to the public in late 2021. But Parrot never set up a DAO through which PRT proprietors could vote on anything. Instead, the team executed major decisions, from changing tokenomics to “trust me bro” investments, without hide a formal vote.