On the Modularization of Decentralized Governance
Quick Take
- Decision-making in crypto protocols has primarily been done via democratic token voting (with the added ability to delegate to others).
- Voter apathy and a large concentration of tokens lead to a handful (or even a single) voters being able to push decisions through unilaterally.
- For functions that are not automatable, protocols are moving towards dedicated teams/committees that are responsible for specific functions. Tooling is being built with that in mind.
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Author: Mika Honkasalo
