# kaal:claim:6819121-029

**Claim.** A DAO can be highly successful on visible categories and effectively non-functional on invisible categories simultaneously, as ConstitutionDAO's maximum Fundraising score paired with minimum Governance score shows.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- ConstitutionDAO as the dataset's extreme visibility-paradox case

**Source quote.**

> A DAO can be highly successful on visible categories and effectively non-functional on invisible categories simultaneously.

**From.** Wulf A. Kaal, *The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis* (2026), VII. Segment-Level Analysis, page 29

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

**Verify.** sha256 of source PDF `f04b274f926d23848e77b429a13227baed9858b90fec826ddaabd2acca7035fe` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202026%20-%20The%20Institutional%20Deficit%20in%20Decentralized%20Autonomous%20Organizations%20-%20An%20Empirical%20Analysis.pdf

**Topics.** dao, governance-design, empirical-evidence

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