The unifying interest of DAO token holders in raising token value means they will voluntarily perform optimization tasks, because doing so is directly in their own interest.
Source quote, verbatim
the DAO token holders will desire to perform such optimization tasks as it is in their very interest to do so to help increase the value of the DAO tokens.
From
Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019), III.3 Reforming Governance Hierarchies, p. 19 https://ssrn.com/abstract=3373393 · source PDF
Cite as
Wulf A. Kaal, Blockchain Solutions for Agency Problems in Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3373393
Holds when
DAO structures where members hold tokens whose value tracks the organization
extended_bykaal:claim:3441904-010 Dynamic power organization in a DAO succeeds only if the decentralized governance structure motivates token ho...
extended_bykaal:claim:3441904-046 DAO incentives are intrinsic rather than extrinsic: the core common denominator for all DAO token members is t...
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