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Because the decentralized finance (DeFi) ecosystem grows in dimension and affect, the query of the way to greatest govern DeFi protocols has taken middle stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away the preferred governance buildings.
DAOs are sometimes touted as an all-in-one repair for every part from investor-manager alignment to regulatory threat. Nonetheless, as a spate of well-publicized inside disputes and regulatory crackdowns has proven, DAO governance shouldn’t be a panacea.
Alex O’Donnell is the founder and CEO of Umami Labs and labored as an early contributor to Umami DAO. Previous to Umami Labs, he labored for seven years as a monetary journalist at Reuters, the place he lined M&A and IPOs.
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