Finance Redefined: Can DeFi and on-chain governance change human nature? Oct. 7-14

Finance Redefined: Can DeFi and on-chain governance change human nature? Oct. 7-14


This week, one bit of news really grabbed my attention: Dharma getting criticized for allegedly trying to capture Uniswap governance.

Dharma is the company behind a crypto payments and exchange app, a sort of Ethereum-based cousin of Square’s Cash App. Or at least that’s what I previously used to describe it — if you visit the website now you basically only see mentions of DeFi and some very trippy images.

The Dharma website design is now very… daring. And inspired by Uniswap in some ways.

Like Uniswap and Compound, Dharma is backed by some traditional Silicon Valley venture capitalists and Coinbase. It’s also one of the most vocal “community governance” members of both protocols — shocking, I know.

But I don’t mean to single out Dharma here. They have legitimate interests in the matter given their tight product integrations with DeFi, and on Uniswap they’re trying to do right by their users who missed out on the airdrop.

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