DAO Governance is currently broken. We survey the state of the art and find worrying conclusions. Vote buying, vote selling and coercion are easy. The wealthy rule, decentralisation is a myth. Hostile take-overs are incentivised. Ballot secrecy is non-existent or short lived, despite being a human right. Verifiablity is achieved at the expense of privacy. These privacy concerns are highlighted with case study analyses of Vocdoni's governance protocol. This work presents two contributions: firstly a review of current DAO governance protocols, and secondly, an illustration of their vulnerabilities, showcasing the privacy and security threats these entail.
@article{arxiv.2406.08605,
title = {Perils of current DAO governance},
author = {Aida Manzano Kharman and Ben Smyth},
journal= {arXiv preprint arXiv:2406.08605},
year = {2024}
}