Decentralized autonomous organizations (DAOs) are a recent innovation in organizational structures, which are already widely used in the blockchain ecosystem. We empirically study the on-chain governance systems of 21 DAOs and open source the live dataset. The DAOs we study are of various size and activity, and govern a wide range of protocols and services, such as decentralized exchanges, lending protocols, infrastructure projects and common goods funding. Our analysis unveils a high concentration of voting rights, a significant hidden monetary costs of on-chain governance systems, as well as a remarkably high amount of pointless governance activity.
翻译:分散管理自治组织(DAO)是最近对组织结构的一种创新,它们已经在链链生态系统中广泛使用,我们从经验上研究了21个DAO的链上治理系统,并用开放源代码搜索了现场数据集。我们研究的DAO的规模和活动各不相同,管理着范围广泛的协议和服务,如分散的交易所、贷款协议、基础设施项目和共同商品融资。我们的分析揭示了投票权高度集中、链式治理系统隐性巨额货币成本以及大量毫无意义的治理活动。