February 2 News, Ethereum co-founder Vitalik posted on Farcaster that the future of on-chain mechanism design is not complicated. The core will follow a “two-layer structure” model: one layer is an open execution mechanism similar to prediction markets, and the other layer is a preference setting tool that is resistant to capture and non-financialized. He believes this is the key path to solving the current DAO governance problem of being controlled by capital.
Vitalik stated that the first layer should be a market system that maximizes accountability, where anyone can participate in buying and selling, and bear economic responsibility for decision outcomes through “profit from correct judgment, loss from incorrect judgment.” This mechanism, in an permissionless environment, naturally possesses auditability and accountability, making it very suitable as the foundation of a “decentralized execution agency.”
The second layer is used to express the community’s true value orientation. Vitalik emphasized that this layer cannot rely on token voting because tokens lack diversity, and anyone can gain control through acquisition. Preference expression must be decentralized, anonymous, and should adopt anti-collusion schemes like MACI to reduce manipulation and collusion risks, thereby stimulating intrinsic motivation rather than profit-seeking behavior.
He also pointed out that in some scenarios, a centralized execution team can be used to improve efficiency, but these executors must also be subject to constraints and evaluations from the non-financialized preference layer to ensure their actions align with collective values rather than serving a few interests.
Finally, Vitalik provided a clear design idea: any on-chain system should be broken down into two questions—who executes and how to execute; how preferences are expressed, and how to evaluate the executors. As concepts like “decentralized governance mechanisms,” “prediction market decision systems,” and “MACI anonymous voting models” gradually mature, this approach may push Web3 governance models into a new stage.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute drop of 0.69%: Price pressure from declining burn volume and short-term capital arbitrage
2026-04-09 18:00 to 2026-04-09 18:15 (UTC), ETH closed down 0.69% within a 0.88% intraday trading range, with the price fluctuating between 2203.91 and 2223.58 USDT. Trading volume in this range rose slightly, market attention stayed high, but short-term volatility increased, prompting investor caution.
The main drivers behind this unusual move are that ETH on-chain Gas fees have fallen to historical lows, causing the EIP-1559 burn amount to decline. As a result, the net-supply contraction effect weakened, and the supply-demand structure faced adjustment pressure in the short term. Meanwhile,
GateNews1h ago
ETH 15-minute pump of 0.71%: spot marginal buy pressure amplifies liquidity, pushing the short-term move higher
2026-04-09 17:00 to 2026-04-09 17:15 (UTC), the ETH price fluctuated in the range of 2207.09 to 2224.42 USDT, recording a positive return of +0.71%, with an amplitude of 0.78%. The short-term price increase attracted market attention. Although overall sentiment remains relatively cautious, volatility in the spot market has increased.
The main driving force behind this move was that the spot market saw marginal active buy orders amid a backdrop of tighter derivatives conditions and an overall contraction in liquidity. As ETH perpetual contract open interest and trading volume both saw a clear decline (within 24 hours, it c
GateNews2h ago
ETH 15-minute pump 1.31%: On-chain capital inflows and whale buying power are in sync, driving the rally
2026-04-09 15:30 to 2026-04-09 15:45 (UTC), the ETH price closed at 2219.86 USDT, with a range low of 2181.68 USDT. The 15-minute return was +1.31%, and the amplitude was 1.75%. During this period, market trading activity was active, attention increased significantly, and short-term volatility intensified.
The main drivers of this unusual move are on-chain capital inflows and persistent buying by large whales. First, on-chain trading volume suddenly surged during the window above; the frequency of large transfers increased, indicating that institutions or major players entered quickly. At the same time, active addresses
GateNews4h ago
Bitcoin ETF Sees $159.62M Single-Day Outflow While Ethereum and Solana ETFs Continue Negative Trend
Gate News message, according to April 9 data, Bitcoin ETFs recorded a single-day net outflow of 2,242 BTC (valued at $159.62M), while showing a 7-day net inflow of 2,723 BTC ($193.89M). Ethereum ETFs experienced a single-day net outflow of 23,158 ETH ($50.48M), with 7-day net outflows reaching 22,90
GateNews4h ago
Ethereum developer Joe Schiarizzi runs for Virginia congressional seat as a Democrat
Gate News update: On April 9, Ethereum developer Joe Schiarizzi is running for Congress in Virginia as a Democrat. Joe Schiarizzi says he is against Trump and argues that cryptocurrencies should focus on public-interest use cases, not be used for political profit. He also criticizes some lawmakers who support cryptocurrencies as opportunists, saying these people have no real interest in the underlying crypto technology.
GateNews4h ago
Grayscale transferred 5,322 ETH and 155.649 BTC to a certain CEX, with a total value of over $22 million
Gate News update, April 9. Arkham monitoring shows that about an hour ago, Grayscale transferred a total of 5,322 ETH (worth $11.6 million) and 155.649 BTC (worth $11.07 million) to a certain CEX Prime address.
GateNews5h ago
