kaal:claim:6819121-019

Token-plutocracy is the default governance form: across all forty DAOs governance is fundamentally token-weighted, even the strongest formal processes recreate capital-based concentration beneath the procedural facade, and no DAO has implemented reputation-weighted voting in production.

Even DAOs with the strongest formal governance processes, BanklessDAO at 8/10 on Governance, ENS at 8/10, operate underlying token-weighted voting that recreates capital-based concentration beneath the procedural facade. No DAO in the dataset has implemented reputation-weighted voting in production.

Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026), VI. Findings, Finding 3, p. 19
https://ssrn.com/abstract=6819121 · source PDF

Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121

• forty operational DAOs against the thirteen-category rubric

empiricalsupport: evidenceddaodecentralizationtokenomicsreputation

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