Reading through how a DAO – @LidoFinance in this case – makes decisions illustrates the importance of writing and communication for getting anything done in a decentralized environment.
If we move away from traditional sources of clout, i.e. hierarchy, pedigree, presentation and oratory, gravitas towards a deeper meritocracy then it follows that the amount of participants will both improve decision making while also skewing to new forms of building consensus.
There are tradeoffs to any kind of rule-by-majority but at least you can be confident that those who have the most skin-in-the-game to care will be involved and active.
Check it out here.
Originally tweeted by Andy Werner – awerner.eth (@awerner) on July 28, 2022.
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