Where a founder retains access to the smart contract behind the governance token, as with 3OH DAO, an internal attack by that founder would be remarkably easy.
Source quote, verbatim
If a DAO could have negative attack resistance, 3OH would be the DAO. With the founder having access to the smart contract, an internal attack by the founder would be remarkably easy.
From
Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Appendix, Political Action DAOs, 3OH DAO, p. 66 https://ssrn.com/abstract=4529715 · source PDF
Cite as
Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715
Holds when
founder has not renounced ownership of the token smart contract
specializeskaal:claim:4067783-010 Insider knowledge of contract internals is itself an attack surface: at Snowdog DAO an insider who knew a chal...
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