ChainThink report, on December 13, as one of the first on-chain insurance protocols to complete governance upgrades, ButterFly has officially launched its Version 2.0 upgrade, fully transitioning into a new phase centered on DAO-driven consensus governance. Building upon its established operational foundation and continuous accumulation of community consensus, ButterFly has further refined its governance framework in the 2.0 phase, progressively introducing decentralized collaboration and decision-making mechanisms, driving the ecosystem toward a more transparent and sustainable self-governance model.

Positioned as a core protocol for on-chain security and risk hedging, ButterFly continues to redefine on-chain ecosystem rules through protocolized and autonomous mechanisms, striving to become a trusted security infrastructure for every crypto user. From mechanism enhancement to governance evolution, ButterFly is constructing an on-chain ecosystem built by the community and capable of self-evolution.