DAOs -> LMAOs:As an active delegate for a few DAOs, I'm still learning on what works and what doesn't.Below is an excerpt on DAOs from my blog:-----Decentralization illusions are being shattered for DAOs.The old thinking was based on the Progressive Decentralization theory popularized by a16z in Jan, 2020.Protocol first finds PMF → as network effects grow, community gets more power → team ‘exits to the community’ and reaches sufficient decentralization.How many DAOs excited to the community? Maybe Aave is s ...

Wait, so Katana launching because a proposal to use assets idly sitting on the Polygon bridge failed due to backlash?Instead, Polygon incubates Katana as an L2 on Polygon (making Katana an L3?).The proposal to use bridge funds caused Aave to abandon Polygon altogether as it would:1) deposit assets to a competitor Morpho2) pose significant risks to bridgoooorsKatana is a compromise or a second-best option.But it makes sense as Polygon's bridge funds won't be touched. And $POL stakers will get 15% of the KAT ...

Just sounds too easy to be true. ...

Just a hunch but this cycle will end with $ETH ATH.BTC, and other alts will top before ETH.How do I know this?Because I'd likely rotate my gains to ETH for a last wild hoorah. ...