Rehash: A Web3 Podcast Role Call Ep 3: The Biggest Governance Mistakes DAOs Make w/Justine Humenansky (Optimism)
Dec 10, 2024
Justine Humenansky, Head of Governance at Optimism Foundation, shares her insights into progressive decentralization and DAO governance. She discusses the readiness for an organization to decentralize and warns against the risks of hasty transitions. The importance of clear mission alignment and data-driven decision-making takes center stage. Justine also highlights the challenges of managing power dynamics and the need for innovative governance structures that balance transparency with effective control.
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Prepare Before Decentralizing
- Define the DAO's goals and what it's optimizing for before decentralizing.
- Establish clear processes, infrastructure, and community leadership to avoid transferring responsibilities into a void.
Define the DAO's Purpose
- DAOs often struggle to define their mission, vision, and what they are designed to achieve.
- This lack of clarity makes it difficult to determine participant roles and the scope of governance.
DAO Models and Participants
- DAOs need a defined mission and vision but should consider what they are modeling themselves after (government, corporation, co-op, etc.).
- Different models require different participant sets and governance structures.