added by sari · updated 2y ago
Governance as a Source of Value
- This is part 1 of a 2-part essay series on the current state of decentralized governance in crypto, followed by "Governance as a Source of Value."
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
- At a high level, here’s how governance mining works: A protocol commits to distribute some portion of token supply to governance contributors over some period of time. Tokens are allocated relative to how much each group/individual contributes, weighted by the value of the outcome of their contribution. The more valuable the contribution, the more ... See more
from Governance Mining — liquidity mining for human capital by Jacob Phillips
sari added