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 "name": "Dao Governance Power Allocation Execution Exposure",
 "text": "DAO governance must be assessed at the level of power allocation and execution exposure, not only procedural form. A voting process does not establish decentralization when purchasable influence, delegation concentration, or automatic execution leave governance open to capture.",
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  "name": "On Exercising Governance Power in Decentralized Autonomous Organizations",
  "url": "https://arxiv.org/abs/2607.26204"
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  "citation": "Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783",
  "paper": "DAO Fallacies",
  "authors": [
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  "year": "2022",
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