kaal:claim:5254152-031

Procedural governance safeguards such as two step voting with temperature checks do not produce genuine decentralization when the governance token remains purchasable; in MakerDAO's case the purchasable token renders true decentralization nominal.

Source quote, verbatim
The governance process includes 2-step voting with temperature checks, but the purchasable governance token makes true decentralization nominal (G: 4).
From

Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024), APPENDIX A: DAO Dataset, Maker DAO, p. 39
https://ssrn.com/abstract=5254152 · source PDF

Cite as

Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024). SSRN: https://ssrn.com/abstract=5254152

Holds when
Classification

failuresupport: evidencedfailure: nominal decentralizationfamily: recentralization-driftdecentralizationgovernance-designtokenomics

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