---------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

-Decentralization for making better decisions in environments where large amounts of diverse input goes into decision-making and the wisdom of the crowd gives better solutions.

Vitalik Buterin, a co-creator of Ethereum, said, in a recent interview, “You can’t just have a dao to be a dao. You need a dao to do something.”