kaal:claim:4067783-012

The absence of proper decentralized governance built on non-fungible tokens is a key common denominator across DAO failures and rug pulls.

Source quote, verbatim

The lack of proper decentralized governance with non-fungible tokens is a key common denominator among DAO failures and rug pulls.

From

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

Cite as

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

Classification

mechanismsupport: arguedfailure: Fungible token governance as common failure denominatorfamily: token-transferability-defecttokenomicsdecentralizationgovernance-design

Related claims

supports kaal:claim:4015908-024 DAO governance built on fungible governance tokens is disfavored and dangerous because governance rights can b...
extends kaal:claim:4015908-025 Community DAO governance makes any form of rug pull much less likely, because rug pulls typically benefit only...

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Positions extending this scholarly claim

Qualification: Decentralization in Uganda: Explaining Successes and Failures in Local Governance by Gina S. Lambright (review)