Pro
Metagovernance: DAO2DAO Value Creation
Key Insights
- Curve, Convex and Redacted Cartel have introduced metagovernance as a popular governance methodology in the midst of the Curve Wars.
- Bribing is an effective incentive mechanism for protocols and DAOs to push voting in their favor and reward tokenholders accordingly.
- DAO2DAO collaborations can be streamlined through the use of a metagovernance asset.
DAO governance typically involves overseeing the decision-making of a single organization. Metagovernance occurs when a DAO holds voting power in other DAOs through possession of the other DAO’s governance tokens. Metagovernance is often used by a DAO to vote in its self-interest but also creates the potential for collaboration between protocols and DAOs. It will become a more commonplace practice as projects look for ways to create shared upside.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Eshita is a Research Analyst at Messari focused on Web3 topics. Previously, she was a Venture Fellow at Bloomberg Beta and prior to that was working on data at Shareworks by Morgan Stanley.