Austin Castellaw

In Coordinape's current app distributing funds is a manual process, with Gnosis Safe and Disperse App being popular ways to use our CSVs for distribution. Soon, we will integrate our first contract element with Coordinape: the ApeVaults.ApeVaults are Ethereum mainnet vault contracts that can be minted by a DAO to hold currency or native tokens in... See more

-Tracheo says at yearn finance people were really open to the unknown and wasn't concerned about creating a corporate structure. The competitive advantage is the collective wisdom of the group emerged when there was a permissionless structure.

If the token distribution is easy to game, value extractors will find a way maximize the number of tokens they earnTokens spent on these entities have a negative benefit, as the project doesn't receive real users or growth in return

Laura Shin:

And if nearly the entire audience who is playing the game is only there to make money, as soon as the earning possibilities go away so too does the audience, and then the game rapidly falls apart.

But there are other issues:

Coordinape can quickly become a contest of popularity. “Visible” members usually tend to receive more than other members. This could be a major issue for people working by themselves and not sharing their work with other members on TG or Discord for example. At the beginning of each Epoch, each member can add a few lines to explain what they did.... See more