The answer is simple: Marc Zeller.
AAVE stands out as one of the rare DAOs that resembles executive-led organizations.
Many DeFi protocols faced challenges when founder-led projects transitioned to the DAO model while their founders semi-retired. AAVE successfully navigated this transition because it had a leader capable of steering the ship.
DAOs are destined for failure unless people stop ignoring the accumulated corporate governance experience and best practices. DAOs can only survive if they resemble corporate organization schemes and prioritize the advantages of on-chain governance, such as adaptability and transparency, rather than ‘decentralization of governance,’ which can lead to anarchy and political infighting for resources, ultimately draining the system of its vitality.
Almost every DAO I've seen has failed. People say DAOs can never work, that the structure is flawed, and it's hard to make the case they're wrong.
And yet there's Aave.
Almost 70% market dominance and growing.
Their DAO actually seems to work.
Explain that.
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