Vitalik: The insurance DAO model is underestimated, and the symmetric model can bring fairer incentives
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Odaily Odaily News Ethereum co-founder Vitalik Buterin wrote on the X platform that, in my opinion, insurance DAOs are underestimated. N people who are worried about similar risks pool their funds and agree to provide insurance for anyone who suffers the risk. The symmetric model ensures that the imbalance of interests is smaller. If necessary, DAOs can still hire professional claims judges, but their incentives are fair and just because each participant does not know whether the next beneficiary will be himself. Similar models have existed in the past, and even in some places today.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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