Why do Direct Leaders decentralize when they issue a token? Decentralization imposes costs on an organization — decisions are made more slowly by lower context people who are not held accountable for bad decisions — this is why companies don’t operate this way. These costs are being felt across the industry. Kevin Owocki, who left as Direct Leader of Gitcoin to later return, described a broader trend of “founders boomeranging” back into leadership to solve the organizational dysfunction caused by decentralization. As the impetus for governance changes, Rune Christensen wrote of MakerDAO in 2022, “The governance processes and political dynamics… fundamentally aren’t compatible with the reality of effectively processing complicated real-world financial deals.”