🗳DAO on-chain voting: Myth or Reality?

▪️Is onchain voting being used for frequent and meaningful DAO governance?

⚠️A mere 8% of DAOs use exclusively on-chain voting.

DAOs use a variety of tools for on-chain voting and it’s a bit of a mess. There is no single tool for onchain voting.

▪️How decentralized are DAOs if most are controlled by less than 10 addresses?

❕Delegation should help but there are yet to emerge clear mechanisms for delegate selection and transparency.

There are a lot of governance transactions that have no value for governance, instead just trying to get future airdrops.

❗️Notably, it cumulatively costs DAO members millions of dollars to vote onchain.

DeXe DAO constructor aims to solve these problems by making it easy to reward voting, proposal, and execution activity while also giving different voting types flexibility options🔥

📖Learn about the pitfalls and hidden costs of onchain voting in the full article 👉 here