CoinsAQ summary · neutral
DAOs are forcing crypto protocols to choose between code and emergency brakes
What happened
DAOs replaced boards and executives with token holders and software, but new research suggests the machinery protecting those systems can easily rebuild the concentrations of power they were meant to escape. Compound is a crypto lending protocol governed by holders who delegate.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
THORChain halts swaps after block reorg bug, slowing Binance hackers
THORChain halted swaps across 10 networks after an Ethereum reorg exposed a refund bug, inadvertently disrupting the laundering of funds from Binance’s $6.3 billion hack.
$3.64B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest
Billions fled Binance after it reopened withdrawals but “98% chose to stay,” said CZ. THORChain co-founder strongly opposes halting the protocol to comply with FBI demands.
Tracked Binance wallets record $2.5 billion in outflows as withdrawals reopen after hack
Tracked Binance wallets recorded $2.5 billion in outflows as withdrawals reopened. New withdrawal wallets complicate estimates of customer exits.