kaal:claim:4067783-011

Insider rug pulls are not the only exploit path: a DAO can also be attacked from the outside whenever its governance grants voting power through fungible tokens.

But these inside rug pulls are not the only exploitative mechanism within DAOs. DAOs can also be exploited from the outside if the DAO's governance allows fungible voting power.

Wulf A. Kaal, DAO Fallacies (2022), II.2.b) External Takeovers, p. 7
https://ssrn.com/abstract=4067783 · source PDF

Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

• governance voting power is denominated in fungible tokens

failuresupport: arguedfailure: External governance takeoverfamily: plutocratic-captureconsensus-and-securitytokenomicsgovernance-design

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