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

DAOs combining multi stage voting with freely purchasable governance tokens

Classification

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

Verify

The quote above is an exact substring of the source PDF, whose sha256 is bb2052d809a4615f0f3e2526ba6416293c40d00260149ba4fe6f38addf052796. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/ecc235d0a329d536...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/5254152-031.md | sha256sum