DAOs Need a Vibe Check

DAOs Need a Vibe Check

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Source: Coindesk.com

On July 28, 2024, the Compound community passed Proposal 289, empowering a group of five token holders to steal about $24 million from the CompoundDAO treasury. Of course the community didn’t intend to authorize a big heist. And the “Golden Boys,” the group of token holders who advanced Proposal 289, probably weren’t planning one. Proposal 289 sought to allocate 5% of

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The post "DAOs Need a Vibe Check" appeared first here Coindesk.com.

Source: Coindesk.com

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