Scroll dissolves Security Council, trims DAO roles

On April 13, Scroll put forward an operational proposal to dissolve its Security Council, move protocol control to a new Scroll Admin multisig and remove several DAO contributor and operations roles. The proposal sets a timeline for changes and frames them as adjustments to the project’s current scale and finances.

The proposal directs the transfer of the ScrollOwner, AgoraGovernor and Timelock contracts to a new Scroll Admin multisig at address 0xcca54B0916Cee2186b47E9709BEdcb7041A8F761. The approving council is not expected to object, and protocol control is expected to shift to the multisig within about 10 days of the proposal.

Several contributor roles are slated for termination by April 30. The proposal sets an April 20, 2026 shutdown date for marketing operations, program coordination, the accountability lead and the accountability operator. The facilitator role for SEED LATAM is scheduled for closure in the second quarter of 2026. Operations and accountability committees will be reduced to reflect lower network activity.

SCR token metrics have weakened since the project’s 2024 launch. SCR is trading near $0.042, down roughly 97% from a peak of $1.45 in October 2024. Market capitalization has fallen to about $8 million from roughly $265 million at that peak. Total value locked on the chain has declined to just over $24 million from record levels near $600 million. Reported daily fee revenue dropped below $500 earlier this year and has since fallen to a lower baseline.

On April 7 the network recorded a brief fee spike above $35,000 tied to a series of price adjustments that reportedly led to overcharging-mainly affecting bot activity-by more than $50,000. The project team has not publicly addressed those reports. At launch, an allocation of tokens to certain exchange users drew criticism from community members. The project previously raised more than $80 million in funding.

Scroll has continued work on technical milestones amid the governance changes. The project reached a Stage 1 decentralization milestone for a zero-knowledge Ethereum layer-2 chain and completed the acquisition of Honeypop, which the team described as adding decentralized finance infrastructure. The roadmap includes a Scroll Swap automated market maker, a Morpho-powered Scroll Lend lending market and integrations such as a crypto-enabled chat payment feature. A “State of Scroll” research report is planned to inform DAO and foundation planning.

Reactions were mixed. Some community members criticized the proposal after sustained token declines and lower network activity. Boba Network posted a public message wishing the project success and noting, “security council isn’t as easy as people think.” The DAO and foundation will implement the governance changes and role eliminations according to the timelines in the proposal.