Synthetix Founder: DeFi Governance 'Pretty Terrible’

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Decentralized finance (DeFi) has a governance problem. That’s the view of Synthetix founder Kain Warwick, who took to the stage at Token2049 in London for a panel discussion on „DeFi: The Future of Finance.”
„It’s this unspoken thing at the moment in the DeFi space,” Warwick said, „where the governance infrastructure that we have is pretty terrible.”
Synthetix, a derivatives liquidity protocol that enables users to trade synthetic versions of stocks, currencies, commodities, and indices, has its own governance module. But Warwick still said that current tools like voting system Snapshot, the Compound governance module, and Synthetix’s own solution, are „all pretty bad, right?”
The key problem with existing DeFi governance solutions, Warwick argued, is that „We’ve kind of iteratively built out these things that sort of solve our specific problems, but they’re not very generalizable.”
To that end, he said, Synthetix has been working on a redesigned governance module for its v3 update tha

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