1/ The Rari Fuse Hack Payment has passed on-chain to FULLY pay the victims in 24 hours.
This is a big moment in these final governance decisions of the Tribe DAO.
This is a big moment in these final governance decisions of the Tribe DAO.
2/
Hacks are brutal for everyone involved, and this has weighed on myself and the community for many months now.
This positive closure gives us an opportunity to reflect and take away lessons for DeFi.
Hacks are brutal for everyone involved, and this has weighed on myself and the community for many months now.
This positive closure gives us an opportunity to reflect and take away lessons for DeFi.
3/
The discussions have largely underplayed the complexity of the situation. This led to a more polarized understanding of the tradeoffs at play.
It's hard for DAOs to agree on matters much smaller than this.
The way the community came together on this was powerful.
The discussions have largely underplayed the complexity of the situation. This led to a more polarized understanding of the tradeoffs at play.
It's hard for DAOs to agree on matters much smaller than this.
The way the community came together on this was powerful.
4/
The biggest lesson here is that DAOs should not have to make decisions like this after the fact. An explicit upfront policy, ideally with on-chain enforcement, would have saved the DAO from needing to venture into uncharted governance territory.
The biggest lesson here is that DAOs should not have to make decisions like this after the fact. An explicit upfront policy, ideally with on-chain enforcement, would have saved the DAO from needing to venture into uncharted governance territory.
5/
This is a broader challenge of PCV. When DAOs hold material non-native assets, the scope of how to use these tokens is an area where we need to develop strong norms for the industry (with on-chain enforcement).
This is a broader challenge of PCV. When DAOs hold material non-native assets, the scope of how to use these tokens is an area where we need to develop strong norms for the industry (with on-chain enforcement).
6/
I hope everyone can take away these lessons and know that all of the stakeholders truly did their best in an unprecedented situation.
I hope everyone can take away these lessons and know that all of the stakeholders truly did their best in an unprecedented situation.
7/
Only a few governance decisions remain now for the Tribe DAO over the next couple weeks.
I am looking forward to applying all of the experience gained from the Tribe DAO to help advance the mission of DeFi.
Only a few governance decisions remain now for the Tribe DAO over the next couple weeks.
I am looking forward to applying all of the experience gained from the Tribe DAO to help advance the mission of DeFi.
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