UCL CBT Online Open Seminar
Date and time
Location
Online event
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About this event
Attendants will receive a link to the video conferencing platform closer to the seminar date.
Date: August 25
Time: 3.00 pm (UK time)
Place: Online
Speaker: Niklas Haeusle
Title: Collusion-Proof Decentralized Autonomous Organizations
Abstract: We develop a normative blueprint for an incentive-compatible and collusion-proof
decentralized autonomous organization (DAO). Incentive compatibility can be achieved
through staked tokens, a digital form of collateral that carries voting rights. Higher
stakes stimulate additional effort, but increase the risk of collusion. To be inherently
collusion proof, DAOs either require a high revenue or a sufficient degree of decentralization in combination with a large network size. If neither one of these conditions is
fulfilled, collusion can be precluded by confiscating the stake of malicious actors based
on stochastic voting and having voting power concentrated among a few key token
holders.