Because the decentralized finance (DeFi) Because the ecosystem grows in dimension and affect, the query of how greatest to manipulate DeFi protocols has taken middle stage. In crypto-native circles, Decentralized Autonomous Organizations (DAOs) are by far the preferred governance constructions.
DAOs are sometimes touted as an all-in-one answer for all the things from investor-manager alignment to regulatory threat. Nevertheless, as a sequence of well-publicized infighting and regulatory crackdowns have proven, DAO governance isn’t any panacea.
Alex O’Donnell is the founder and CEO of Umami Labs and was an early contributor to Umami DAO. Previous to Umami Labs, he spent seven years as a monetary reporter at Reuters, the place he lined mergers and acquisitions and IPOs.
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