Original Shade Protocol Whitepaper - Shade Protocol: Comprehensive
Governance & Ethics
DAO governance models: A beginner’s guide 2023
DAO Research Collective - Defunct?
Decentralized Governance and the Lessons of Corporate Governance
“Decentralized autonomous organizations (DAOs) are entities without central leadership that operate based on a set of decision-making rules encoded into smart contracts using blockchain technology. In this study, we develop a theoretical model of DAO governance featuring strategic token trading under token-based voting to investigate potential conflicts of interest between a large participant (a “whale”) and many small participants. Our results show that ownership concentration can have a negative effect on platform growth, but platform size, token illiquidity, and long-term incentives can mitigate the negative effects. We confirm these predictions using novel voting data on over 200 DAOs between 2020 and 2022.”
A Survey on Decentralized Autonomous Organizations (DAOs) and
"Decentralized Autonomous Organizations or DAOs are organizations governed by a set of pre-defined rules programmed as source code in smart contracts. Once implemented, a DAO can automatically
execute tasks, coordinate, and facilitate decentralized decision-making, without any central authority. This new and emerging paradigm is still under development and has not been researched much until today. To our knowledge the literature still lacks a comprehensive survey discussing DAOs and DAO governance. We conduct a systematic review of common characteristics, a DAO categorization, real world DAO applications, DAO governance including voting schemes and dispute resolution mechanisms in DAOs to provide an initial overview. We anticipate that our work can provide useful insights and references for researchers and industrial practitioners who wish to delve deeper into this nascent area."
The Economics of Decentralized Autonomous Organizations
"The advent of blockchain, smart contracts, and Web3 has empowered new concepts for equity partnerships with autonomous operating systems and democratic corporate governance.
This paper explores 2,377 of such new partnerships and uses detailed transaction data (from 2017 through 2022) to examine the performance of so-called decentralized autonomous organizations (DAOs) on Ethereum. As a result, I find that DAOs with greater participation
rates in voting are associated with superior performance. Small members are a prevalent and important class of investors, while the degree of decentralization in DAOs (ownership concentration) plays only a minor role in firm valuation. Overall, DAOs are an effective organizational structure, when members take an active interest in the venture."