Tally | RnDAO | SimScore Unit (2)
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DAO Weekly Roundup: Key Highlights - 5May'24 🧵 1/5 Maker DAO's @makerdao $MKR Token Dives 11% Amid Whale Transfers to Exchanges $MKR, the governance token of Maker DAO, plunged 11% as whales transferred tokens to exchanges, reflecting crypto market volatility. #DAO #DAOs #Web3
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Top 3 issues with the DAOs now 1. Imbalance Voting Power Distribution: The overwhelming voting power resides with a handful of whales. It ain't a DAO it is a CAO. 2. Lack of consensus: Without community, self-interest wins. 3. Junk proposals overload the system. #DAOs #Web3 #Blockchain #Crypto
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