DAO Governance is going to change the landscape in 2022 for DeFi tokens and protocols. DXDAO is at the forefront of it now
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In the past few months, we’ve seen a proliferation of Decentralized Autonomous Organizations or DAOs for various purposes. However, DAO governance especially in DeFi is still in its infancy stages. Today we got to talk with DXDAO, a DAO that since launching in May of 2019 has developed, governed and grown its suite of DeFi products to over $13.5M in Total Value Locked (TVL).
Thanks to Keenan Luke, the Communications & Marketing Lead and Sky, the Business Development and Partnerships Head at DXDAO, we got a look at what has been going on at DXDAO for the past few years, their accomplishments and the products that they have been developing. We also dove into the current state of community governance and how DXDAO’s transition to a reputation-based governance model has allowed them to continue building open-source and trustless systems as a DAO while also spearheading Governance 2.0.
With the current pitfalls of governance models, the future of governance will certainly include a balance between equity ownership and reputation, and DXDAO will be at the forefront of all this.
– Wassie Capital
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⚠️ DISCLAIMER: Investing in cryptocurrency and DeFi platforms comes with inherent risks including technical risk, human error, platform failure and more. At certain points throughout this post, we might get a commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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