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2/ The heart of the piece discusses the model of "Full" Decentralization used throughout DeFi and how its limitations may ultimately make it unsuitable for most of web3 beyond DeFi. I then analyze a more complex model of "Open" Decentralization for web3.
More on both below đź‘€
More on both below đź‘€
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Jesse Walden @JesseWalden
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Apr 8, 2022
This is a must read for founders building compliant, user-owned networks that can't easily be fully, technically decentralized. “Open Decentralization” rhymes nicely w/ ideas I've explored on the optimal equilibrium btwn protocol treasuries and products building atop..