2min chapter

The Defiant - DeFi Podcast cover image

Ethereum is "Terrifyingly" Centralized but there's a way out, ether.fi founder says

The Defiant - DeFi Podcast

CHAPTER

The Disadvantages of the One Token, One Vote Model

The NFT model is interesting because they, I think one big issue of DAO governance now is this kind of one token, one, one vote model that just creates a very concentrated voting power. And so what's interesting about this is you get one NFT for all of the ETH you stake. Well, yeah, and you're not dumping on retail. There's none of this like airdropped farming mercenary capital that's there for like five minutes to collect the airdropping and then dump it on whatever whoever the next person is who buys the token. The management team actually retains the ability, explicit ability to do what they need to do rather than having to do a

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