Issue #70: Governance Experiments

Decentralized governance is at the heart of the ideological foundation of crypto: equal participation for all actors. The playbook of progressive decentralization is being followed by more decentralized finance (DeFi) projects. Users and tokenholders can now have more control over protocol parameters, treasury spending, and, in general, the industr... See more

Community is bullshit, so, my theory was as follows, if someone has the token, it is in their best interest to do whatever they can to increase the value of their token. How naïve I was. And I guess this is partly our own fault as a defi community for calling it governance tokens. Because all people want to do is govern, but not in the trenches hel... See more

Experiments paved the way for modern DAOs Early DAOs were collective investment vehicles designed to function like decentralized venture funds. Tokens represented voting rights and economic interests in the DAO. Every participant was rewarded on Ethereum for their contribution regardless of their contribution. DAO winter coincided with the bear mar... 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