Democracy in Name Only: How DAO Governance Gets Rigged Against the People It Claims to Serve
DAOs sell themselves as the crypto world's answer to corporate corruption — power to the people, votes on-chain, no boardroom backroom deals. But dig into how governance actually plays out and you'll find a different story, one where insiders consolidate control, treasury funds quietly flow upward, and retail holders are left holding the ballot stub while someone else cashes the check.