Ignas Counters Vitalik's Call for "Better DAOs": DAO Governance Structure Still Poses Risks, COMP Governance Attack Serves as Real-World Case

Odaily News In response to Ethereum co-founder Vitalik Buterin's proposal for more and better DAOs, DeFi researcher Ignas refuted on platform X, stating that DAOs are typically operated by three groups: the core team or foundation, professional delegates, and whales. The existence of professional delegates is due to the fact that most token holders neglect governance, with 95% of votes being for technical upgrades, and someone needs to be paid to oversee these matters. This tripartite alliance has flaws and systemic risks. For example, in 2024, $24 million worth of COMP tokens were "legally" transferred from the Compound treasury to an unfamiliar and unmonitored multi-signature address through a community vote, triggering a DAO governance attack. Theoretically, as long as project founders decide to care about the DAO, all of this is feasible, but many simply do not care.