Imagine a club with a single president who makes all the decisions. That's not very democratic! Dual governance is a system used in Decentralized Autonomous Organizations (DAOs) that splits the decision-making power between two groups.
Here's a breakdown of dual governance:
Two Groups: There are typically two distinct groups involved in running the DAO, each with its own voting rights and responsibilities. The exact structure can vary depending on the DAO.
Checks and Balances: This two-pronged approach can help to prevent any one group from having too much control and ensure more balanced decision-making.
Dual governance is a relatively new concept in the world of DAOs, and it's still evolving. It's seen as a way to improve the overall fairness and effectiveness of these decentralized organizations.
