If there's one thing that's clear from recent events, DAO governance of lending protocols is not a great idea.
03 Aug 2023, 10:58
If there's one thing that's clear from recent events, DAO governance of lending protocols is not a great idea.
Most people are simply not qualified/in possession of sufficient information to determine appropriate risk parameters on complex protocols whose risks evolve in time.
Same news in other sources
1Euler FinanceEUL #456
03 Aug 2023, 15:52
Lending protocols vs AMMs
Lending protocols vs AMMs.
Lending protocols vs AMMs