TechFlow news, on November 20, according to CoinDesk, Michael Lewellen, a security audit expert at OpenZeppelin, recently suggested in an interview that DAO governance models need rethinking and recommended referencing the multi-tiered equity structures used by Silicon Valley tech giants such as Meta. Currently, Meta employs a dual-class share structure, where internally held Class B shares carry higher voting power, enabling CEO Mark Zuckerberg to retain approximately 58% voting control, effectively preventing governance attacks.
This view stems from Compound's recent governance crisis, in which a large holder named Humpy and his affiliated organization GoldenBoys leveraged their voting power to allocate $24 million worth of COMP tokens to goldCOMP, a yield protocol under their control. Lewellen emphasized that token-based governance models lack effective checks and balances, and that future DAOs need to introduce measures such as KYC to enhance accountability while preserving anonymity.
