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
Bitcoin and Ethereum ETFs Record Daily Outflows While Maintaining Weekly Gains
Gate News bot message, according to the March 6 update, Bitcoin ETFs recorded a daily net outflow of 1,697 BTC (valued at $116.94 million), while maintaining a 7-day net inflow of 13,014 BTC (valued at $896.69 million). Ethereum ETFs showed a daily net outflow of 3,185 ETH (valued at $6.34 million),
GateNews6m ago
"Brother Maqi" deposits $210,000 into HyperLiquid to increase ETH long position by more than 25 times
Gate News Report, March 6, according to Onchain Lens monitoring, "Big Brother MaJie" deposited $210,000 USDC into HyperLiquid to increase his ETH 25x long position. Previously, as the market declined, "Big Brother MaJie" had closed most of his positions at a loss, and his unrealized loss has now exceeded $29.7 million.
GateNews16m ago
ETH drops below 2000 USDT, 24H decline of 5.68%
Gate News Report, March 6th, according to data from a certain CEX market, ETH dropped below 2000 USDT, currently at 1999.87 USDT, down 5.68% in the past 24 hours.
GateNews1h ago
Short-selling firm Culper releases bearish report on Ethereum: Fusaka upgrade disrupts ETH token economics
Aggressive short-selling firm Culper Research has released a report bearish on Ethereum (ETH), believing that the Fusaka upgrade in 2025 will cause structural damage to ETH's token economy. The report points out that a significant decrease in Gas fees has led to increased address pollution attacks and reduced validator rewards, and emphasizes that Ethereum is facing competitive pressure from Solana and L2 solutions. Culper believes that ETH's value capture ability is declining and has started shorting ETH.
ChainNewsAbmedia1h ago
ETH drops below 2000 USDT
Gate News bot message, Gate market display, ETH drops below 2000 USDT, current price 1998.74 USDT.
CryptoRadar1h ago
ETH 15-minute sharp decline of 1.53%: Large investors' short-term profit-taking and ETF capital outflows resonate, triggering a significant drop
From 13:45 to 14:00 on March 6, 2026 (UTC), ETH experienced a significant fluctuation, with a short-term decline of 1.53%. The price fluctuated sharply between 2019.21 and 2051.26 USDT, with an amplitude of 1.56%. High-frequency sell orders surged, market attention spiked, trading volume increased, and the divergence between bulls and bears intensified. Market sentiment became more cautious.
The main driving force behind this fluctuation was large investors and whale accounts reducing their positions after a short-term rebound, leading to a rapid release of large sell orders and triggering short-term selling pressure in the market. On the ETF front, holdings
GateNews1h ago
