Have you ever participated in DAO governance? What works well? Where do you see friction?
Yep. Stargate, AAVE, Balancer, Sperax, GMX, Dope Wars, @luchadores.lens, @uniswap.lens
But it all seems pointless and useless to me. There are not enough tools to monitor the implementation of decisions made.
If it’s just a loose association of holders I’ve found it to be pretty useless, and possibly worse because it’s confusing to people. I think to work well there needs to be a lot of thought and support work put into how things get proposed and more importantly, executed. There needs to be a system to direct the DAO while allowing it to make its own decisions.
When they’re small and need to be lightweight getting the balance wrong between formal and informal voting creates lots of friction I’ve found.
voting doesn't make any changes unless you are a whale so normal people don't really bother to vote although delegating the voting power to someone who makes good decisions is a good option which i think most of users are not aware of. in my opinion voting power weight should not be only dependent on how much token voter has , it can depened on more parameters like history of on chain activity of that address on all EVM chains , contribution of that address on different DAOs , age of his or her governor tokens
If you really care, you can make some arguments and have impact on final outcome. But even in this situation you usually end up outvoted by whales who doesn't care about anything beside their direct interest
Structure well designed. Token rewards based upon roles and contribution within the DAO
Gnosis safe worked well but at the beginning we were 10 co-founders and had to get approvals from at least 6 or 8 to sign off transactions and was not easy.
Getting approvals for simple things such as a tweet was also a pain… then we cut that shit off
Yes, and it is often very different from project to project. Some DAO governance works really well, some just mimic working decentralization. It is a very complex question to answer about possible friction points in a short lenster answer.
Slow decision making, harder to move quickly and pivot towards a common goal