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Risk-Aware DAO Treasury Management | Aera | Tarun Chitra | Polygon Alpha Podcast

Polygon Alpha Podcast

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The Dow's Treasury Is a DeFi Protocol, Right?

Dow's treasury is usually when you create the Dow, some fraction of the Dow's governance token actually sit in the treasury to be spent over time. And then also fees, but this is not user funds whatsoever. This is pure and the beauty of DeFi versus sort of something like what we saw with FTX is that there is a clear segregation of these funds on chain. That's paramount. In a normal bank, in a normal capital structure, it's always sort of like debt holders first, then equity holders, then maybe customers, right? And DeFi flips this on its head because it's customers first, then token holders. Right now there's no debt holders because there

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