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相关论文: The Vulnerable Nature of Decentralized Governance …

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Decentralized Autonomous Organizations (DAOs) have emerged as a novel governance mechanism in blockchain ecosystems, particularly within Decentralized Finance (DeFi). By enabling token holders to propose and vote on protocol changes, these…

密码学与安全 · 计算机科学 2025-07-22 Johnnatan Messias , Vabuk Pahari , Balakrishnan Chandrasekaran , Krishna P. Gummadi , Patrick Loiseau

Decentralized Autonomous Organization (DAO) is very popular in Decentralized Finance (DeFi) applications as it provides a decentralized governance solution through blockchain. We analyze the governance characteristics in the Maker protocol,…

密码学与安全 · 计算机科学 2023-03-24 Xiaotong Sun , Charalampos Stasinakis , Georigios Sermpinis

Blockchain-based systems are frequently governed through tokens that grant their holders voting rights over core protocol functions and funds. The centralisation occurring in Decentralised Finance (DeFi) protocols' token-based voting…

计算工程、金融与科学 · 计算机科学 2025-02-04 Thomas Eisermann , Carlo Campajola , Claudio J. Tessone , Andreia Sofia Teixeira

Financial markets are undergoing an unprecedented transformation. Technological advances have brought major improvements to the operations of financial services. While these advances promote improved accessibility and convenience,…

交易与市场微观结构 · 定量金融 2023-12-05 Agostino Capponi , Garud Iyengar , Jay Sethuraman

Decentralized Autonomous Organizations (DAOs) are blockchain-based organizations that facilitate decentralized governance. Today, DAOs not only hold billions of dollars in their treasury but also govern many of the most popular…

密码学与安全 · 计算机科学 2024-08-08 Rainer Feichtinger , Robin Fritsch , Lioba Heimbach , Yann Vonlanthen , Roger Wattenhofer

Decentralized Finance (DeFi) is a prominent application of smart contracts, representing a novel financial paradigm in contrast to centralized finance. While DeFi applications are rapidly emerging on mainstream blockchain platforms, their…

软件工程 · 计算机科学 2024-01-12 Wei Ma , Chenguang Zhu , Ye Liu , Xiaofei Xie , Yi Li

A decentralized autonomous organization (DAO) is a governing entity that empowers its stakeholders (i.e., users who hold one or more of its tokens) to manage blockchain-based protocols (i.e., smart contracts) collaboratively. The governance…

密码学与安全 · 计算机科学 2026-04-30 Vabuk Pahari , Balakrishnan Chandrasekaran , Johnnatan Messias , Krishna P. Gummadi , Abhisek Dash

Currently, the advantages of decentralization through blockchain technology in the financial sector are actively discussed. In this article, we investigate the decentralization in the governance of Decentralized Autonomous Organizations…

综合金融 · 定量金融 2023-11-07 Kirill Kolmykov

Decentralized autonomous organizations (DAOs) are a recent innovation in organizational structures, which are already widely used in the blockchain ecosystem. We empirically study the on-chain governance systems of 21 DAOs and open source…

计算机与社会 · 计算机科学 2023-03-01 Rainer Feichtinger , Robin Fritsch , Yann Vonlanthen , Roger Wattenhofer

Decentralized Finance (DeFi) refers to financial services that are not necessarily related to crypto-currencies. By employing blockchain for security and integrity, DeFi creates new possibilities that attract retail and institution users,…

密码学与安全 · 计算机科学 2024-04-18 Krzysztof Gogol , Christian Killer , Malte Schlosser , Thomas Bocek , Burkhard Stiller , Claudio Tessone

As of August 2022, blockchain-based assets boast a combined market capitalisation exceeding one trillion USD, among which the most prominent are the decentralised autonomous organisation (DAO) tokens associated with decentralised finance…

综合经济学 · 经济学 2025-05-08 Teng Andrea Xu , Jiahua Xu , Kristof Lommers

Decentralized finance (DeFi) is an integral component of the blockchain ecosystem, enabling a range of financial activities through smart-contract-based protocols. Traditional DeFi governance typically involves manual parameter adjustments…

风险管理 · 定量金融 2025-05-08 Jiahua Xu , Yebo Feng , Daniel Perez , Benjamin Livshits

DeFi, or Decentralized Finance, is based on a distributed ledger called blockchain technology. Using blockchain, DeFi may customize the execution of predetermined operations between parties. The DeFi system use blockchain technology to…

密码学与安全 · 计算机科学 2023-04-27 Wenkai Li , Jiuyang Bu , Xiaoqi Li , Hongli Peng , Yuanzheng Niu , Yuqing Zhang

Much of the recent excitement around decentralized finance (DeFi) comes from hopes that DeFi can be a secure, private, less centralized alternative to traditional finance systems. However, people moving to DeFi sites in hopes of improving…

密码学与安全 · 计算机科学 2023-02-07 Philipp Winter , Anna Harbluk Lorimer , Peter Snyder , Benjamin Livshits

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…

计算机与社会 · 计算机科学 2024-06-14 Aida Manzano Kharman , Ben Smyth

Decentralized Finance (DeFi) is a nascent set of financial services, using tokens, smart contracts, and blockchain technology as financial instruments. We investigate four possible drivers of DeFi returns: exposure to cryptocurrency market,…

计算金融 · 定量金融 2024-03-07 Florentina Şoiman , Guillaume Dumas , Sonia Jimenez-Garces

Recently emerging Decentralized Finance (DeFi) takes the promise of cryptocurrencies a step further, leveraging their decentralized networks to transform traditional financial products into trustless and transparent protocols that run…

密码学与安全 · 计算机科学 2021-06-28 Bowen Liu , Pawel Szalachowski , Jianying Zhou

Decentralized autonomous organizations (DAOs) rely on governance mechanism without centralized leadership. This paper presents an empirical study of user behavior in governance for a variety of DAOs, ranging from DeFi to gaming, using the…

网络与互联网体系结构 · 计算机科学 2025-07-29 Burak Arda Okutan , Stefan Schmid , Yvonne-Anne Pignolet

With advancements in distributed ledger technologies and smart contracts, tokenized voting rights gained prominence within Decentralized Finance (DeFi). Voting rights tokens (aka. governance tokens) are fungible tokens that grant individual…

密码学与安全 · 计算机科学 2025-10-01 Joaquin Delgado Fernandez , Tom Barbereau , Orestis Papageorgiou

We present a study analyzing the voting behavior of contributors, or vested users, in Decentralized Autonomous Organizations (DAOs). We evaluate their involvement in decision-making processes, discovering that in at least 7.54% of all DAOs,…

社会与信息网络 · 计算机科学 2025-03-18 Stefan Kitzler , Stefano Balietti , Pietro Saggese , Bernhard Haslhofer , Markus Strohmaier
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