Why DAO Governance Always Turns Political

Why DAO Governance Always Turns Political

February 20, 2026 · 56 min

About this episode

Rune Christensen discusses the political dynamics inherent in DAO governance and Sky's strategies for sustainable decentralized finance.

"In a decentralized governance system, it's unavoidable to develop politics." Rune Christensen explains why DAO governance becomes a struggle for resources, how the "iron law of bureaucracy" emerges, and why Sky redesigned its architecture to survive it. From USDS growth to the Atlas rulebook and Genesis Capital — this is Sky's long-term vision for sustainable decentralized finance.

People in this episode

Guest: Rune Christensen

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Mentioned in this episode

Organizations: Sky, Genesis Capital, USDS

Books & works: Atlas rulebook

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