Why should peer-review happen amongst a small group of people when it can happen in the public eye? People can give comments, other people can give comments about those comments, etc. Ideas can get published faster, iterated on quicker, and become more of a group commentary vs. 6 month waits.

DAO treasuries are typically thought to be transparent. But if you need to spend several hours digging through Etherscan, Discourse forums, and voting tools to get a summary of the treasury’s activities, is the transparency useful?

What is DeFi all about? Modernizing, disintermediating (banks etc.), reducing layers of fees in the middle. Transparency. This is a big misconception. People think it's opaque and used for criminal activity. Everything in blockchains is open...