added by Mo Shafieeha ยท updated 2y ago
Building and Running a DAO: Why Governance Matters - a16z crypto
- 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
from Cryptociety | Sam McCarthy | Substack by Sam McCarthy
Mo Shafieeha added
- ---------CONCLUSION DeFi's decentralized governance allows stakeholders to influence protocol development. Decentralized governance with DAOs can replace traditional firms' transaction costs, allowing crypto projects to welcome more diverse ideas and beliefs. To achieve these benefits, operational efficiency does not have to be sacrificed. Incorpor... See more
from Cryptociety | Sam McCarthy | Substack by Sam McCarthy
Mo Shafieeha added
- Decentralized governance implemented through DAOs encourages open participation in the development of the DeFi industry. By either purchasing or earning governance tokens, actors not only have the opportunity to share in the risk and reward associated with the monetization of a new financial system, but also the incentive to define the economic and... See more
from Governance as a Source of Value by Sam McCarthy
sari added