Pantera Capital Partner on Decentralized Governance of Crypto Protocols

Recently, Lauren Stephanian, a Partner at crypto-focused investment firm Pantera Capital, shared her thoughts on some of the main issues with decentralized governance.

Stephanian made her comments while speaking on September 21 at a panel (titled “What’s Next for DeFi Governance”) at Messari’s annual conference Mainnet (September 21-23, 2022) in New York City:

She said:

• “One thing that is Interesting about governance in a decentralised world is that it means something different to every protocol and you can set it up differently. You could have different thresholds for what it means to be a voting member unlike centralized business, where normally just the board and some executives are in control.“
• “I think primarily what we’ve seen emerge is kind of a small group of people who have been voted in or who have