Towards Governance Abstraction: Understanding a ‘Friendly’ Way to Manage DAOs
From Nasdaq:
Decentralized autonomous organizations, or DAOs, are often criticized, but they offer the advantage of allowing group decisions without needing mutual trust. Ross Campbell of LexDAO and KALI sees the potential in DAOs but acknowledges their current limitations, such as usability issues. Improving DAOs will require a focus on “governance abstraction” and smart account migration, making it easier for users to participate and interact with DAOs.
Campbell believes that DAOs need to shift towards being more user-friendly, with the goal of treating DAO users as partners and strengthening collective sovereignty. Implementing governance patterns as singleton smart contracts and interoperability standards will make DAOs more accessible and useful. Campbell has released Dagon, a smart contract for governance abstraction on the Ethereum blockchain and Optimism L2, with plans for alpha testing and public beta in the near future.
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