The DAO model is either in crisis or in chrysalis
Aave, Curve, Uniswap and — kind of — Bitcoin are all reconsidering how to proceed
Almost everyone agrees that decentralized autonomous organizations (DAOs) are a dream.
But does that make them an ideal, a place of freedom, alignment and growth? Or are they more a dream like: “Dream on, loser.”
That’s the question.
On Sunday night I published my second-ever podcast, an hour-long deep dive into crypto’s dominant blockchain money market, Aave. I made it to get back into decentralized finance, because Aave is the Godzilla of DeFi. I also did it because Aave was in the news thanks to a controversy.
The point of my podcast: This thing has become big enough that it’s worth fighting over. Between the lines, I did it assuming the controversy would blow over. The fight didn’t seem like that big of a deal.
Incorrect.
Little did I know that, as I was finishing up my edits, Avara was getting set to put in a proposal to the Aave DAO that would kick off a firestorm, a full rift over the future of the project. Avara is the company th…