On Crypto Governance - a16z crypto

2. Protocol Grant Programs Community development and protocols can be funded with on-chain treasuries. Protocols support governance initiatives (like grant programs) and have other benefits. They have access to a huge pool of third-party developers, unlike any company or development team. In addition, they give people worldwide a huge economic oppo... See more

1. Delegated Voting During the past year, leading crypto applications have innovated significantly in token-based governance. The most important new feature is delegated voting, which allows token holders to transfer voting rights to others. In addition to increasing diversity of perspectives in governance, reducing voting power concentration throu... See more

The decentralized crypto protocol community is growing. Unlocking the protocols isn't just for ideological reasons; they'll still work, and anyone can build on them. Like loans, loans, and trading, a decentralized governance system is needed for bitcoin. Crypto startups switching to community governance raises many questions about development, vote... See more

3. Early Adopter Rewards Token distribution models that reward early users will involve communities and protocols. Before a protocol has real network effects or much inherent utility, these types of users and developers add value. Compound developers and users are the best long-term stewards of the protocol. Regulations must be considered, but we b... See more