According to ChainCatcher, in response to Ethereum co-founder Vitalik Buterin's suggestion that there should be more and better DAOs, DeFi researcher Ignas published an article on the X platform refuting this claim. He stated that DAOs are typically operated by three groups: the core team or foundation, professional delegates, and whale. The existence of professional delegates is due to the fact that most token holders neglect governance, 95% of the votes are for technical upgrades, and someone needs to be paid to pay attention to these matters.
Such tripartite alliances have flaws and systemic risks. For example, in 2024, $24 million worth of COMP tokens were "legally" transferred from the Compound treasury to a strange and unmonitorable multisignature address by a community vote, triggering a DAO governance attack. Theoretically, all of this is possible as long as the project founders decide to care about the DAO, but many people simply don't care.
