Arbitrum Governance Fracas Reopens the Query: Why DAOs?

by Jeremy

Arbitrum’s DAO was pitched as a strategy to “decentralize” management of the protocol’s improvement away from Offchain Labs, the corporate that launched Arbitrum, and convey customers and “the group” into the fold. Tokens have been airdropped, a reward to early adopters of the system, seemingly with nice promise. Sadly, the challenge took some 18 months to construct goodwill and a constant consumer base, then broken its credibility in 5 minutes, in accordance with critics on the challenge’s Discord.

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