Ignas refutes Vitalik's claim that a "better DAO" is needed: DAO governance structures still pose risks, and COMP governance attacks have become a real-world example.

In response to Ethereum co-founder Vitalik Buterin's call for more and better DAOs, DeFi researcher Ignas published an article on the X platform refuting this, stating that DAOs are typically operated by three groups: the core team or foundation, professional delegates, and whales. The existence of professional delegates stems from the fact that most token holders neglect governance; 95% of votes are for technical upgrades, and someone needs to be compensated for attending to these matters. This three-way alliance has flaws and systemic risks. For example, in 2024, $24 million worth of COMP tokens were "legally" transferred from the Compound treasury to a strange and unmonitorable multi-signature address by a community vote, triggering a DAO governance attack. Theoretically, all of this is possible if the project founders decide to care about the DAO, but many simply don't care.