Shiba Inu Takes Major Step With Community Governance Model — Details

[Ben Graham]

Shiba Inu has introduced a major change to its community decision-making system through Shib Doggy DAO, bringing new voting options that move beyond the old reliance on token staking. Now, community members can use ERC-20 token balances to take part in governance, or choose quadratic voting to prevent large holders from dominating the process. 

With $12 million in backing from major industry players and plans for a new Layer-3 chain, the Shiba Inu network is setting itself up for broader adoption and a stronger role in the Web3 space.

Revamped Doggy DAO: Stronger Voting And Fairer Governance

The Shiba Inu ecosystem’s governance body, the SHIB Doggy DAO, has rolled out a redesigned voting framework that makes participation more inclusive and secure. Until now, governance proposals have relied heavily on Bone ShibaSwap (BONE) staking, which limited flexibility and created risks of majority attacks.

With the update, community members can now vote directly with their ERC-20 token balances. Token holders no longer need to stake assets to have a say in governance, making it easier for more of the SHIB Army to join decision-making. At the same time, quadratic voting adds another layer of protection. In this system, the cost of gaining extra voting power rises steeply, making it nearly impossible for wealthy holders to control outcomes.

Instead of being restricted to one fixed model, they can now pick the governance method that best suits their proposal. Whether it’s staking, direct token balance voting, or quadratic voting, the flexibility allows for better alignment between the nature of the decision and vote counts. 

Shibarium’s Bigger Vision: Identity, Layer-3, And TREAT Token

While improving governance is a significant achievement, Shiba Inu’s developers have even bigger plans for the future of the network. Work is already underway on an identity-based voting system that will give each person just one vote, regardless of how many tokens they hold. The voting system closes the gap between whales and small holders, guaranteeing everyone has an equal voice.

The team wants to launch a new Layer-3 chain next year and has raised $12 million from backers like Polygon Labs and Animoca. The upcoming chain will run on Shiba Inu’s newest token, Treat (TREAT), which rewards Web3 activities. TREAT is already listed on major exchanges like MEXC, Bitget, and Gate, signaling growing interest and adoption. 

Beyond TREAT, other tokens in the Shiba Inu ecosystem will also play distinct roles. Bone ShibaSwap (BONE) and DogeKiller (LEASH) will serve different on-chain functions, helping power the multi-token system that supports Shibarium. 

The new governance model connects to the bigger Web3 trend of digital identity. Shibarium has a Karma points system that measures reputation and trust across the community. By tying voting to identity and reputation, Shiba Inu moves to a safer, more trusted system that helps it grow to one billion users.