People say the DAOs have fallen today, but they actually worked as intended - token holders voted for a proposal

The problem is rather how decentralized the system is and how active the voters are.

<7% participation for a major proposal of the biggest DeFi protocol isn't a sign that the DAO structure has enough traction and adoption in DeFi yet.

This also brings me to the conclusion that most of the DAO operations can be massively optimized. For example, if DAO onboards a risk curator, then there is no need to make a separate vote on each of his recommendations to list/delist an asset. This service provider shall be given a full mandate within their responsibilities.

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