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Collapse of Solana’s Jupiter and Yuga Labs: What Lies Behind the Crisis of Decentralized Governance?

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by Giorgi Kostiuk

7 hours ago


Recently, the Web3 community faced a serious blow when two major decentralized autonomous organizations (DAOs) — Solana's Jupiter and Yuga Labs' Apecoin — officially abandoned their governance structures.

Overview of the Situation

Both projects exited their governance, citing dysfunction and low participation. Yuga Labs CEO Greg Solano described the DAO processes as 'slow, noisy, and often unserious.'

Issues in Decentralized Governance

Critics argue that many DAOs have become more symbolic than functional. Issues like low voting participation and whale voting preferences raise questions about real decentralization.

There’s a reason it feels broken.Kollan House

Opportunities for DAO Evolution

Despite current setbacks, some experts argue that DAOs are not dying but transforming. New governance approaches, such as futarchy, and merging with traditional structures could lead to sustainable development.

We’re building the infrastructure for hybrid models.Joshua Tan

The collapse of two major DAOs raises serious reflections on decentralized governance. Despite the challenges, some experts are confident that the evolution of governance models can lead to more sustainable and effective solutions in the future.

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