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X @Ignas | DeFi
Ignas | DeFiยท 2025-12-17 02:09
Most DAOs are abandoning decentralized governance.Aave is resisting this trend for the benefit of all DAOs and their token holders.Acquisitions like Axelar's, which completely disregard token holders, set a terrible precedent.It makes DeFi tokens uninvestable: token holders face all the risks but gain little upside.At the same time, DAOs can't be vulnerable for extraction by supposedly aligned entities.Case in question is Compound: despite being a leader in lending in the past, it's falling into irrelevance ...