Gate News, March 11 — Token holders of Ranger Finance, a Solana ecosystem project, voted on-chain last week to liquidate the project. This is a rare case where investors used on-chain governance to dissolve the project and return funds to the treasury just two months after the token launch. The decision was prompted by a proposal from a group of RNGR token holders on March 3, accusing the team of making significant false statements about the business before fundraising. The proposal was approved, resulting in the removal of 5,047,250 USDC from the Ranger treasury and liquidity pools, which will be distributed to RNGR token holders. Ranger initially launched its token using MetaDAO’s futarchy governance system, a model designed to let the market guide governance decisions.
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