HTX DAO Upgrades White Paper to Merge CeFi and DeFi Governance
In September 2025, HTX DAO released an upgraded white paper that redefines the "CeFi x DeFi" governance paradigm for Web3 liquidity. The new framework bridges centralized finance and on-chain governance through veHTX (vote-escrowed HTX) tokens, granting holders voting rights over token listings, trading-pair adjustments, fee structures and incentive weights. veHTX holders also earn on-chain dividends, aligning user incentives with long-term ecosystem growth. The paper highlights broader liquidity sources—CeFi platforms, compliant stablecoins, RWA tokenization and institutional capital—and positions decentralized governance as the engine powering market efficiency and stability. Drawing on best practices from Aave and MakerDAO, HTX DAO aims to enhance risk management and capital efficiency across multi-asset, cross-chain pools. Future plans include integrating compliant stablecoins, real-world assets and tokenized securities into on-chain governance, building a resilient financial infrastructure at the intersection of CeFi and DeFi.
Bullish
HTX DAO’s upgraded white paper strengthens its governance model and bridges CeFi liquidity with DeFi transparency. By introducing veHTX token voting and dividends, it aligns user incentives and drives ecosystem growth. The integration of compliant stablecoins, RWA tokenization and institutional capital further expands liquidity sources, enhancing market depth. Similar governance upgrades from Aave V4 and MakerDAO previously led to positive market reactions and token appreciation. In the short term, increased trading volume and heightened HTX demand are likely. Over the long term, a resilient, cross-chain governance network could solidify HTX DAO’s position in the market, supporting sustainable growth.