In a forum post, a project leader called on Abracadabra DAO to support a “transition of power” to a centralized entity complete with lawyers, jurisdictions and trustees. Those trappings of a traditional corporation are seemingly antithetical to the notion of a DAO, the form of crypto-based business governance in which token holders directly call the shots.
Source: https://www.coindesk.com/business/2023/07/05/centralization-comes-to-defi-as-group-behind-mim-spell-tokens-mull-legal-shakeup/?utm_medium=referral&utm_source=rss&utm_campaign=headlines