Governance Minimization — Fred Ehrsam

The first meta-metagovernance playThe first meta-metagovernance (metagovernance for short) play happened in the summer of 2021 when Fei Protocol utilized its $INDEX token to list itself onto Aave.

Protocols encode the rules of engagement that coordinate the exchange of a service between a global supplier and global consumer. The flatness with which a protocol treats everyone that interfaces with it is part of what drives its efficiency as a coordinator of exchange (no room for human corruption or capture).