Season 2 | Episode 2

In this episode of Bell Curve, we are joined by Larry Sukernik and Derek Hsue to discuss what DAOs can learn from corporate governance. Should DAOs optimize for token holders or users? How can DAOs scale while minimizing the principal-agent problem? Should DAOs be governed liked an established corporation or a startup? What about treasury management? Tune in to find out!

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Timestamps

(00:00) Intro: Pre-Interview

(01:56) “Reserve Ad”

(02:15) DAO Governance Mental Models

(11:05) The Public Goods Paradox

(15:36) Optimising For Different Stakeholders

(25:30) Protocol Delegates & The Principal-Agent Problem

(37:19) “Reserve Ad”

(39:32) Protocol Delegates & The Principal-Agent Problem

(44:46) Reverie’s Orca Council Structure

(49:40) The Ideal Governance Platform

(53:25) Convex vs Concave Decisions

(01:00:17) When DAO, When Not DAO

(01:13:47) A DAOs #1 Challenge & Treasury Management

(01:20:24) Outro

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Follow Larry: https://twitter.com/lsukernik

Follow Derek: https://twitter.com/derek_hsue

Follow Mike: https://twitter.com/MikeIppolito_

Follow Jason: https://twitter.com/JasonYanowitz

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Resources:

Reverie

https://www.reverie.ooo/

Musings on Governance

https://www.reverie.ooo/post/musings-on-governance

Simple Sabotage Field Manual

https://bit.ly/3A599z9

Business-Governance Fit (Chris Ahn)

https://station.mirror.xyz/xjAWfo9cqLDLTjU2eamDIvuK09QrawY1nk5MXaXmZT4

DAOs Are Not Corporations (Vitalik)

https://vitalik.ca/general/2022/09/20/daos.html

I Pledge Allegiance (podcast)

https://spoti.fi/3zRgYIF

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Reserve Protocol aims to protect consumers from the effects of high inflation and hopes to one day eradicate it.

It's a self-service, permissionless factory where anyone can build, deploy and govern their own asset-backed stablecoins (RTokens), which can be integrated within DeFi and real-world commerce.

The Reserve App is a user-friendly way for ordinary people to buy RSV stablecoin with their local currencies and use them locally. More info at https://reserve.org/

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.