Michael Egorov (마이클 에보로프), the founder of DeFi protocol Curve Finance, said conflict within decentralised autonomous organisations (DAOs) is instead a healthy sign, Cointelegraph reported on Feb. 22.
He said a DAO is not just an organisation but a new type of organisation created by humans, and that internal disputes are a natural process.
Curve DAO faced internal pushback over a proposal to pay a $6.3 million grant to Swiss Stake AG in 2024, but the agenda item passed with a participation rate of more than 80 percent. That is an unusual figure compared with the low voting rates of existing DAOs, at less than 15 percent. Aave DAO also recently experienced internal conflict over fees related to integrating Cow Swap.
Egorov said, "DAOs are suited to on-chain governance, but for off-chain elements a centralised structure may be better," adding, "If DAOs can be legally recognised and interact with traditional finance, it could reduce governance disputes."
Chi-gyu Hwang
delight@d-today.co.kr