How can DAOs balance autonomy and coordination?
Decentralized autonomous organizations (DAOs) are a new form of collective governance that rely on blockchain technology to enable self-organizing and self-enforcing rules. DAOs aim to create more democratic, transparent, and efficient systems that can operate without intermediaries or centralized authorities. However, DAOs also face many challenges and limitations, especially when it comes to balancing autonomy and coordination. How can DAOs ensure that their members have enough freedom and incentives to participate, while also achieving consensus and alignment on common goals and actions? In this article, we will explore some of the possible solutions and trade-offs that DAOs can consider to address this dilemma.