DAOs aren’t doomed, they just need to evolve: Aave founder
A proposal to transfer control of Aave’s brand assets and intellectual property to its DAO failed in January, prompting renewed debate over the protocol’s long-term direction.
Stani Kulechov, the founder of decentralized lending platform Aave, says decentralized autonomous organizations (DAOs) need a rethink, namely, how much tokenholders vote on as opposed to input from leaders.
His comments came in the wake of governance disputes about the future of the protocol.
Kulechov said in an X post on Tuesday that DAOs, in their current form, are “extraordinarily difficult” to operate because of internal conflicts and proposals that can take weeks of forum posts, temperature checks and multiple votes to pass.