Since DeFi started taking off in 2020, it has mainly been financed and incentivized through tokens — a powerful incentive tool, but one that has been overused by DAOs. The risks: the health of the protocol — leaving it less able to weather a bear market, like the one we’re in now. In this edition of In Focus, DAO Banking: Beyond Tokens, Delphi digs into the problem and examines different ways DAOs can finance activities.
