X @Ignas | DeFi

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 ...