On June 29th, Diva, a decentralized liquidity staking protocol, launched Diva DAO and made an initial distribution to approximately 15,000 unique Ethereum pledgers and ecosystem participants. Diva DAO allows DIVA token holders to exercise their voting rights through entrustment and make on-chain decisions about the launch of the Diva protocol, including deploying Diva smart contracts, planning the Diva protocol by adjusting network parameters (if any), and promoting the Diva protocol. Currently, Diva's protocol design is still in progress, and Diva DAO aims to allow the community to participate in shaping Diva's operating framework.
As previously reported, Diva completed a $3.5 million seed round of financing in January this year, led by A&T Capital.