About this episode

The episode discusses the ENS treasury fight, the BonkDAO heist, and the future of DeFi governance.

Nick Almond and Proph3t on ENS's treasury fight, the BonkDAO heist, and why Proph3t would not touch Venice's VVV token. ======================================================== Thank you to our sponsor! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cape⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). ======================================================== Nick Johnson, the founder of ENS Labs, used his own tokens to kill a vote renewing ENS DAO's Security Council, potentially clearing the way for a foundation to take over a treasury worth more than $100 million. Nick Almond, head of governance at the Jito Foundation, and Proph3t, cofounder of MetaDAO, join Laura Shin to untangle what that move reveals about who should control a DAO's money, and whether voting was ever the right way to decide it. They trace ENS cofounder Jeff Lau's warning that the treasury became a honeypot with zero accountability, and the collapsing voter turnout that let a 3% token stake decide…

People in this episode

Host: Laura Shin

Guests: Nick Almond, Proph3t

Topics covered

• ENS treasury fight
• BonkDAO heist
• DeFi future
• DAO governance
• voting mechanisms
• MetaDAO decision markets

Keywords

• ENS
• BonkDAO
• DeFi
• governance
• voting
• MetaDAO
• treasury
• heist

Sponsors

Cape

Mentioned in this episode

Organizations: ENS Labs, Jito Foundation, MetaDAO

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