6min chapter

I Pledge Allegiance cover image

Hasu - The Current State of DAO Governance

I Pledge Allegiance

CHAPTER

Bitcoin and Ethereum: The Ultimate Court System

The biggest problem that exists sort of with dfi protocols is that they are not currently like they optimize for something other than making good decisions. They basically optimize for regulatory arbitrage slash like regulatory syops and the bigger mistake is by actually decentralizing their decision making right so they do huge yield farming programs, distribute 80 percent of the tokens to the community or 90 percent or whatever i think in case of sushi it's like 98 percent or whatever. Almost all the photographs are extremely afraid of making any revenue because then you could argue that token that the issue becomes a claim on the dao treasury and that makes a insecurity. The two extremes that we currently see in DeFi aren't being addressed

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode