'DAOs Will Make Financial Services Truly Collaborative and Equal in Nature ' cc: tatum_io blockchain daos
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Spool went a new way: it was formed DAO-first, meaning there is no centralized entity or team behind it. Instead, we are only now setting up and finalizing a Swiss association for the Spool DAO. This makes Spool a strong DAO, having full power over the protocol and treasury while also enjoying actual representation in the real world.
It is important to remember that everyone with a platform and influence in the blockchain industry is also a market participant. To avoid future fallouts, being more mindful of that influence will be key to stopping flawed projects from rising to the top and their inevitable collapse, subsequently wiping out retail.
We are building Spool to become a robust and reliable backbone for the entirely new industry of DeFi-powered financial services.
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