In today’s briefing:
- Sell MKR Token- DAO Governance Wars and Centralization Means MKR Token Will Go Nowhere
Sell MKR Token- DAO Governance Wars and Centralization Means MKR Token Will Go Nowhere
- Decentralized organizations are still struggling to find the “right” way to govern themselves and there are well-known tradeoffs between decentralization and efficiency.
- MKR tokens (governance tokens of MakerDAO) suffer from lack of alignment of incentives for tokenholders and protocol governance which is evident in the token price performance.
- The trade is to sell or short the token as we do not see any benefits to tokenholders if incentives are not aligned and decision making continues to be inefficient.
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