Analyzing DAOs and Governance Models
- Decentralized Autonomous Organizations, also known as DAOs, provide greater accessibility to individuals for decision-making powers within an organization as compared to traditional centralized organizations.
- There are many types of DAOs - ranging from protocol, investment, NFT, incubation to service DAOs whereby individuals can join based on their interests or by being a token/NFT holder.
- The current form of token-based governance used in most DAOs favors “whales” who can easily overturn votes to be in line with their interests due to their voting power; hence, many argue that DAOs are not that decentralized after all.
- The number of DAO proposals created has remained relatively constant YTD, while the number of voters has...