Anticapture

Many DAOs have struggled to create a governance process that balances agility with security. Developers need to be able to build and iterate quickly without lengthy debates happening every time code is shipped while the community needs the power to stop bad actors. The following is a framework that employs multiple governance strategies to maximize... See more

Decentralized governance is at the heart of the ideological foundation of crypto: equal participation for all actors. The playbook of progressive decentralization is being followed by more decentralized finance (DeFi) projects. Users and tokenholders can now have more control over protocol parameters, treasury spending, and, in general, the industr... See more

------------------------------------------------------------- Bringing it all back The Curve War and the actions taken by Fei Protocol and Index are distinctly different events. However, both fall under my definition of metagovernance - holding one DAO’s token gives you the power to influence decisions in another DAO.In the end, metagovernance is j... See more

Viewed through that lens, governance mechanisms might become less defensive – focused less on protecting against hacks that threaten the entire DAO – and more offensive and fun – focused more on governance as a means of entertainment, social discovery, and propagation.

---------SIGNAL VS NOISE Social governance in DeFi applications is usually coordinated through online forums and Discord channels. Snapshot applications conduct "off-chain" voting before protocol changes are encoded on the blockchain. DeFi governance evolved organically but created a lot of noise because proposals, discussions, and votes spread acr... See more

Even if participants don't explicitly capture a system, governance may still create unintended side effects. For example, formal governance systems can encourage action versus inaction, even when inaction is superior.

-Governerable by communities, creating more aligned incentives.