Bad answers protocols give to common questions an institutional risk manager has:
"Who can change the rules of this protocol?"
"Some variation of a token vote, probably, though three wallets hold a blocking minority and we do not know who two of them are."
Write down who
Fascinating point by a friendly lawyer:
All blockchains are inherently non-GDPR compliant because right to deletion is unenforceable in practice.
This leads to substantially more difficult compliance duties for customer facing third parties.
A Swiss Stiftung is legally tied to its purpose, called “Zweck” in Swiss law. The assets “belong” to the Zweck/purpose. The board administers them. Tokenholders don't get a veto, Discord doesn't get a veto, and the council can't just rewrite the deed.
When the stated purpose no
Two weeks ago we used the framework we developed with @MCooperResearch for @metagov_project to assess "institutional readiness" for @aave.
We see Aave as best-in-class here, so the findings were a north star for others.
One thing stood out:
Proud to announce our joint research with @metagov_project and @MCooperResearch on the difference between DeFi and TradFi governance.
DeFi is a financial product, and investors and regulators have certain expectations. Many of which for good reasons.
