Rook DAO, a decentralized autonomous organization (DAO) operating in the decentralized finance (DeFi) space, made headlines recently as it executed a “rage quit” that resulted in a significant price surge for its native token, ROOK.
The move saw the token’s value skyrocket by a staggering 475%, making it one of the best-performing DeFi tokens this year. But the concept of a “rage quit” is not new in the world of DAOs.
It refers to a situation where a member or group of members decide to leave the organization and withdraw their funds suddenly and dramatically. This can happen for a variety of reasons, including disagreements over governance decisions, conflicts of interest, or even outright fraud.
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Exploring The Rook DAO Phenomenon
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