【$AAVE Teaching: What is a DAO?】
I thought DAO stands for 'Decentralized Autonomous Organization'.
The founder of AAVE told us that a DAO is actually:
D - Dictatorship
A - And
O - Ownership is Mine
With an annual fee of 10 million dollars, it can be taken whenever, and with a simple 'the frontend belongs to me', it directly crushes the faith of the fans on the ground.
Brothers, stop mentioning any DeFi faith to me, in the face of interests, faith is nothing, it’s just a fart that can collapse.💨
