Is the DAO dying? The veteran DeFi protocol Across announced plans to dissolve its DAO and transition into a U.S. C-Corp. Token holders can either exchange 1:1 for equity or exit with a 25% premium in USDC. As soon as the news broke, ACX skyrocketed by 94.9%. The founder bluntly stated: DAOs make it impossible for us to even sign contracts. Has the ideal of decentralization ultimately lost to a piece of paper? Author: @0xNancyshi