Building in defi sucks (part 2)

The recent debate over use cases in crypto has laid bare a hard truth: web3 isn’t as good at doing the things that web2 companies do as web2 companies are. That’s fine. Of course people aren’t impressed by DAO governance, and rightly point out that it’s just a messier implementation of ideas that already exist; recreating existing structures on-cha... See more

To address DeFi protocol governance, projects such as Compound pioneered the governance token model. Governance tokens provide voting power, allowing token holders to vote on protocol proposals that any community member can submit. Admittedly, this system is not perfect. There are all kinds of problems such as voter apathy, high participation cost

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