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What Are the Key Differences between On-Chain and Off-Chain Governance Mechanisms?

On-chain governance involves proposals and voting executed directly on the blockchain via smart contracts, making decisions transparent and immediately enforceable. Off-chain governance involves discussion and voting (often using token-weighted snapshots) conducted on external platforms, with the final decision requiring manual implementation by core developers.

On-chain is more secure and decentralized but less flexible; off-chain is more flexible and cheaper but relies on trust in the implementers.

What Is the Primary Difference between On-Chain and Off-Chain Governance?
What Are the Trade-Offs in Speed and Flexibility between the Two Governance Models?
How Is Governance Managed in a DAO Using Tokens?
How Does the Implementation of ‘Proposer-Builder Separation’ (PBS) Relate to Flashbots?