A Nasty DeFi Breakup Highlights Risk-Management Pitfalls for DAOs ($AAVE)
In this edition of the Bloomberg Crypto newsletter, Muyao Shen takes a look at AaveDAO’s breakup with its risk manager.
Imagine your firm’s risk manager is clashing with your business-development team. Except instead of a normal corporate setup in traditional finance, the confrontation happens in a decentralized autonomous organization, or DAO.