Here's Why DAOs Fail; Former SushiSwap CTO Reflects on Decentralized Orgs

Joseph Delong is the founder of Astaria, a recently created NFT lending protocol and the former CTO of SushiSwap. Joseph is heavily involved in building and managing DAOs. He recently wrote a twitter thread satirizing how it would be to run a lemonade stand through a DAO. With the recent controversial proposals surfacing on MakerDAO and Lido, we are once again reminded of the importance of DAO governance. We begin our discussion with Joseph’s lemonade stand DAO and reflect on some of the DAO experiments that occurred over the last couple of years.

Chapters
0:00 Lemonade Stand DAO
9:36 Tyranny of Structurelessness
25:53 Yield Farming and Liquidity Mines
49:15 Do VCs own Web 3?

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