ChainThink report, on December 13, as one of the first on-chain insurance protocols to complete governance upgrades, ButterFly has officially completed its 2.0 version upgrade, fully transitioning into a new phase centered on DAO-driven consensus governance. Building upon its established operational foundation and ongoing community consensus accumulation, ButterFly has further refined its governance framework in the 2.0 phase, progressively introducing decentralized collaboration and decision-making mechanisms, driving its 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 reshape on-chain ecosystem rules through protocolized, autonomous mechanisms, striving to become a trusted security infrastructure for every crypto user. From mechanism enhancement to governance evolution, ButterFly is actively constructing a community-owned, self-evolving on-chain ecosystem.