Andreessen Horowitz (a16z) has published new details on the company’s efforts to share some of its considerable sway over decentralized finance (DeFi) projects.
The Silicon Valley heavyweight, which launched a new $2.2 billion crypto fund in June, has invested heavily in crypto and DeFi. It has backed some of the sector’s best known decentralized protocols, including Uniswap and Compound.
Unlike traditional venture capital investing, investors in DeFi projects tend to amass the native token of a protocol.
As a big backer of the mobile-first DeFi platform Celo, for example, a16z holds a cache of CELO tokens. Tokens provide both a financial exposure and the means to influence the development of a project through participation in governance voting.
One method that has emerged to avoid too great a concentration of influence, and to help projects scale, is the delegation of tokens to partner organizations.
A16z has previously disclosed that it has delegated tokens to student-run or

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Źródło: https://www.theblockcrypto.com/post/115705/a16z-answers-critics-with-fresh-disclosures-on-defi-delegate-program?utm_source=rss&utm_medium=rss