ECB Paper Questions Whether DeFi DAOs Are Truly Decentralized

A new European Central Bank working paper is challenging one of DeFi’s core claims. The study says governance in four major protocols remains heavily concentrated, even when tokens are spread across tens of thousands of addresses. That finding puts fresh focus on who actually controls decentralized finance and how regulators may classify those systems under […] Read The Full Article ECB Paper Questions Whether DeFi DAOs Are Truly Decentralized On Coin Edition.