Taiko officially launches on-chain governance mechanism and appoints three new board members and one new advisor.

On October 2, according to Blockworks, Taiko announced the official launch of its on-chain governance mechanism, granting the community control over protocol decisions. This initiative aims to address the growing issue of centralized control in Layer 2 networks, where most protocols retain override rights to change user funds and protocol rules without community input. Token holders can veto any protocol changes during the review period, while the Security Council can initiate proposals but cannot override community decisions. Taiko has also appointed three board members with expertise in global regulation, business strategy, and blockchain technology: Felix Oberholzer-Gee from Harvard Business School, former exchange regulatory head Joy Lam, and IEEE Fellow Wen Yonggang. In addition, Taiko has appointed Ren Jang as a new advisor. He is the Head of Strategy at Flipster, a high-performance centralized exchange designed by traders. Before entering the crypto industry, Ren worked at Ernst & Young as a corporate valuation expert and firmly believes that blockchain can transform the financial sector. The official statement indicates that the first round of binding voting has begun. Token holders can delegate their voting rights or vote directly on protocol changes. All technical decisions are conducted transparently on-chain.