DAO governance is still a pain and two recent projects have struggled with “raiders” overtaking their organizations.
Governance in decentralized autonomous organizations is hard. Especially so with decentralized onchain token voting.
Ethereum creator Vitalik Buterin famously rejects it due to the difficulties of what is essentially an unbridled democracy.
Politics, money and misaligned incentives mean tokenholders are often out for their own benefit rather than the good of the DAO.
