Waves founder: DAOs will never work without fixing governance

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Waves founder: DAOs will never work without fixing governance
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Governance by Decentralized Autonomous Organizations (DAO) will never work unless they become stronger against vulnerabilities.

by DAO token whales and other malicious actors — such as in the takeover of the Build Finance DAO. In February, the DAO fell victim to an attacker who held enough assets to push through a proposal giving them total control of the project.

Imagine a new model, one where voting members are assessed against certain key performance indicators . These can involve engagement and development metrics within the DAO, and a failure to meet these KPIs can result in that user’s voting power being reduced or removed entirely. Taking this approach would encourage all entities to make decisions that are in the broader interest of the community, not just themselves.

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