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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

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