StakerDAO Interviews: Olaf Carlson-Wee
Hey, Olaf. Thank you for being here. How’s it going?
Good. Thanks for having me.
Thank you. I think we can jump straight into questions. The first question I have for you, what’s important in governance or what defines whether a protocol has good governance?
Governance is the process of aligning incentives among a huge number of different people who may have different interests. So, in my mind, a formal governance process best sort of describes, what is in the best interest of the most of those people. So, to me, a governance process is also in a sense, a possible security vulnerability, a bad governance process can lead to bad outcomes for everyone who’s a part of the process. So, defining governance very carefully, such that all the participants can align their interests is critical to getting to increasingly better outcomes, rather than ending in a place where governance can actually hurt the system.