Crypto VC Firm Assesses the 'State of Blockchain Governance'

Looked at another way, it's really a governance boom.

Into this environment has stepped Greenfield One, an early-stage venture capital firm that just published a comprehensive new resource on the topic of blockchain governance.

Take, for example, COMP. DeFi has been hot ever since Compound started distributing its COMP governance token on June 15.

The report from the Berlin-based Greenfield One looks at this and every notable spin on blockchain governance leading up to the birth of yield farming following COMP's debut.

Despite crypto founders' best intentions, the Greenfield One team found blockchain governance schemes tend to get put together fast and then treated with reverence.

"I'm not saying that teams aren't taking governance seriously, but it always feels like something that they build on the side," Jascha Samadi, a Greenfield One partner, told CoinDesk in a phone call.

The venture firm often starts working with portfolio companies well before mainnet launch, Samadi said, coaxing them to consider various governance models as early as possible.

Thus the need for "Residual control," that is human-powered governance.

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