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Unchained

Can Maker’s Rune Christensen Fix the Sad State of DAO Governance? - Ep. 534

Aug 22, 2023
Rune Christensen, cofounder of MakerDAO and a key player in decentralized finance, shares his journey from disillusionment with DAOs to leading innovative reforms. He discusses the ambitious 'Endgame Plan,' which aims to tackle voter apathy through alignment engineering, gamification, and incentives. Christensen also highlights the significance of governance boundaries and the strategic rebranding of MakerDAO with new tokens while maintaining core ones. He believes these changes could revolutionize the industry and create a stable future for DAOs.
01:24:43

Podcast summary created with Snipd AI

Quick takeaways

  • Implementing 'alignment engineering' through tools, gamification, and incentives can address governance challenges in DAOs.
  • Phased implementation of changes in MakerDAO, including rebranding and AI-driven governance tools, aims to promote inclusivity and efficient decision-making.

Deep dives

Importance of Implementing Changes in MakerDAO

Roon Christensen, co-founder of MakerDAO, discusses the need for implementing a significant change in MakerDAO after facing challenges related to governance and decision-making issues. The early ideal of a DAO, where token holders collaboratively make decisions for the benefit of the entire ecosystem, is currently not working as expected. The naive model breaks down as the DAO grows larger, resulting in coordination problems and difficulties in managing expenses. Christensen proposes an approach called 'alignment engineering' to address these issues by designing tools, gamification, and advanced incentives that ensure constructive participation and help maintain alignment within the DAO.

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