This could occur in many different ways: For example, all organizational decisions could be determined by tokenholder voting, but token ownership and voting turnout could be widely dispersed among many “minnows” (persons each holding a small % of total token supply/total voting power). Alternatively, different types of decisions could be delegated ... See more

The decentralization of clients within DeFi is somewhat straightforward given their relative simplicity — very little incentivization is necessary to get third parties to build independent and simple gateways (mostly in the form of websites) to such protocols. However, as web3 products and services become increasingly complex, with computationally ... See more