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” lunch at Compound DAO: latest analysis

– The victory of Compound DAO and

“Golden Man

“

1. Compound DAO is one of the most influential decentralized autonomous organizations in the cryptocurrency world. It operates a decentralized lending platform that allows users to lend and borrow cryptocurrencies without intermediaries.

The administration of the DAO is based on a voting system in which members own management tokens that give them the right to vote on proposals related to the management of the platform and treasury.

The proposal, in which the golden boy was the protagonist, was to manage a significant portion of the DAO’s treasury, equivalent to 5% . The proposal sparked heated debates in the community, and different opinions were expressed about the appropriateness of assigning such a responsibility to a certain group of members. The group, known as the Golden Boys, consists of composite DAO members who have demonstrated skills and knowledge in financial management and cryptocurrencies. Their proposal to manage 5% of the coffers was based on a detailed plan that promised to maximize profits and optimize the use of funds to support the platform’s development.

the vote was so close that it reflected the divisions among community members.

The Golden Boys demonstrated that their proposal convinced voters enough to overcome opposition and won by a narrow margin. This small victory underscores the importance of active participation and consensus in the TAO.

The history of the compound DAO

“Golden Man

” provides some valuable lessons for the future of DAO governance and for cryptocurrency governance in general.

1. The importance of transparency and communication:

The Golden Boys’ victory emphasizes the importance of clear and transparent communication. Their success is due in part to their ability to present detailed and clear plans that can persuade voters. In the DAO, where decisions are made collectively, it is important that proposals are well documented and accessible to all participants.

2. Trust and reputation

is the most important element of DAO.

The Golden Boys have managed to gain the trust of the participants by demonstrating their reputation and abilities. This shows that even in a decentralized system, personal reputation and proof of competence can make a difference.

3. Active participation

Golden Boys’ narrow victory underscores how important it is for members to actively participate in the voting process. Every vote counts, and low-level participation can lead to decisions that do not reflect the true will of the community. It is important to encourage active participation so that decisions made are truly representative.

4. Balance between decentralization and efficien

event also raises the issue of balancing decentralization and efficiency in resource management. Handing over 5% of Treasury management to a particular group may seem like a centralizing step, but it may lead to more efficient resource management. This dilemma is one of the biggest challenges facing DAOs.1

5. Adaptability and Flexibility:

Now, this story demonstrates the adaptability and flexibility of Tao. It shows that the community can also discuss, evaluate, and make decisions on complex issues.

the Golden Boys’ victory in the composite DAO represents a turning point in the history of decentralized autonomous organizations. This event demonstrated the complexity of decentralized governance, the importance of transparency, trust and active participation