DAO 的去中心化程度判定:钟形曲线

去中心化金融社区2022-06-03 tarihinde yayınlandı2022-06-03 tarihinde güncellendi

Özet

在我们目前的市场中,有很多例子——Uniswap、SushiSwap是最著名的。

在我们目前的市场中,有很多例子——Uniswap、SushiSwap是最著名的。

DAO在流行程度、TVL和主流采用方面有了吸引力。这就会使得各种各样的参与者和目标不断涌现,而后我们将看到一个以中心化和去中心化形式存在的DAO世界。

我们如何最好地表示这个DAO循环?我想到了一个钟形曲线。

让我们把它进行弯曲

首先,什么是钟形曲线?

JK,它是一个正态分布,在这种情况下,它代表了不同DAO的增长轨迹。想象一下,x轴是去中心化,y轴是增长。

有趣的是,这个框架提供了关于DAO如何沿着其增长路径发展以及它如何影响去中心化的解释。

为了进一步的说明,让我们看一下DAO的生命周期,以及它的去中心化是如何沿着钟形曲线进行的。

DAO的生命周期

阶段1:

当DAO诞生时,它开始中心化。它是由几个拥有共同愿景的核心团队成员执行决策的——它违背了DAO中的“D”(去中心化)。

也就是钟的左边,其表现并不理想。

阶段2:

很快,DAO开始添加外部用户——引入代币或NFT等机制来促进治理。Snapshot等工具支持免费和频繁的投票。

它已经是30-40%,达到了它的去中心化水平的预期——钟的中间左侧。增长仍有待完成,但现在比开始时要好。

接下来是取代核心团队成为决策者,组建工作组或委员会。

然而,并非所有DAO都遵循相同的旅程,许多DAO看起来是这样的:

阶段3:

随着DAO的成长,并且为了满足产品与市场的契合,它接近去中心化的顶峰。x轴代表参与者和去中心化程度,Y轴代表成熟度。

随着工作组的建立和权力在更多的参与者和质押者群体中进行分配,去中心化程度达到了顶峰。

它符合预期。

阶段4:

最后,DAO将目光投向更高的目标;更多的用户,更好的产品/用户体验,或者更大的财富。实现这一目标的代价往往是去中心化。

需要构建法律,增加KYC进行监管保护,决策变得激烈,并且会争论不断,导致僵局。这是DAO向中心化的回归。

这未必是件坏事。随着它变得越来越好,吸引了更多的用户,它接近于中心化——有时效率更高。

案例研究

既然我们已经确定了DAO是如何随着时间的推移而演变的,现在是时候提供一些真实的示例了。

中心化有不同的形式:投票权、组织结构、信息传递、流动性和领导力。

DAO如何以及何时达到这些不同的级别:让我们看看下面的例子:

MakerDAO:

Maker是一个独特的DAO,因为它是借贷市场的杰出代表,随着它的发展,去中心化成为核心价值。许多顶级贡献者都是匿名的,他们专注于支持最广泛的参与者群体的政策。虽然有过KYC的讨论,但它被否决了。

尽管MakerDAO在这个领域臭名昭著,并且强调去中心化,但我认为它实际上是相当中心化的。

拥有13名公认代表,最高代表控制了19.7%的选票:

13位公认的MakerDAO代表的分配

总的来说,这13个人控制了54%的投票权:

随着越来越多的被认可的代表的进入和参与,这种分配得到了改善,然而,中心化是以委托投票权的形式出现的。

Maker的联合创始人RuneChristensen负责目前76%的投票权。用于投票的MKR总量的41%由一个人主导。

平均每个月有17个独立的投票者,参与人数有零星变化。这些投票者帮助引导值100亿美元的价值。

随着Maker的不断增长,投票者数量必须增加,授权人数也必须增加,才能实现去中心化的目标。

SushiSwap:

作为一个受欢迎的AMM,SushiSwap在中心化和去中心化之间跳起了舞。在平均投票中,Sushi有大约100个投票者。

尽管内部出现了动荡,但这种投票权一直相对稳定:

鲸鱼依旧坚挺,而散户也会随着时间的推移而慢慢增长。大多数加密项目都是如此。

随着Sushi的发展,它面临着散户和机构投资者之间的冲突。投票没有通过,即使通过,实施的能力和时间表也不清楚。

Sushi及其协议的未来已经由核心团队和一些投资者决定。

当它着眼于授权产品开发并使开发者免于责任时,它是以更大的DAO成本为代价的。

需要组织结构,对领导者的要求也越来越高。

把它应用到我们的钟形曲线上,它正在接近峰值,并再次接近中心化。

Paladin:

Paladin是一个新成立的DAO,允许用户借用投票权,参与关键的ETH事件,如曲线战争。

Paladin是由一群法国开发者所创造的,它正处于一个非常中心化的状态。

创建了委托,并且存在代币合约,但缺乏价值或价格馈送。随着它的发展,已经引入了小型委员会:

可转让性委员会(为$PAL创造流动性和需求)

社区多重签名委员会(多重签名控制和执行)

虽然这两个部分都有一些核心团队的参与,但也算是积极的一步。

Paladin正在从中心化走向去中心化,并以稳重和周到的方式做到这一点。

它在曲线的左边。

去中心化有多重要?

中心化将创造更强大的用户体验,并将更多用户引入加密货币。

随着加密技术的发展,DAO将面临关键的方向性决策。你的DAO位于钟形曲线的哪个位置?用户如何评价他们?

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