MAKERDAO
what is MakerDAO
Vaults, governance, oracles, collateral auctions
MAKERDAO
what is MakerDAO
Vaults, governance, oracles, collateral auctions
inefficient outcomes
incentive failures, inertia or active capture by malicious actors
When the originators of DAOstack set about to architect solutions for decentralized governance, they recognized that given the complexity of the problem, the best solutions would emerge only over time, especially since needs would vary across use cases.So, first and foremost, they designed DAOstack to be not a fixed offering in decentralized governance, but rather a sandbox for ongoing experimentation, in which bits and pieces of governance infrastructure can be easily mixed and matched for each organization, like LEGO building blocks or WordPress templates.
An evolutionary approach is optimal.
voters have little incentive to vote at al
Key problem that includes "the DAO"