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b"Derek Hsue, cofounder at Reverie, discusses the recent controversial decisions by Solend DAO and Bancor, the importance of establishing processes for black swan events, and whether decentralized governance truly exists. Show highlights:\\n what situation prompted Solend to feel it was in jeopardy\\n what Solend DAO\\u2019s response was to that situation\\n why Derek views it as \\u201cthe nuclear option\\u201d\\n why the proposal sparked an outcry from the crypto community\\n whether this issue could have been prevented or managed differently if the protocol was built on a blockchain other than Solana\\n why, a day later, the DAO reversed its first decision to take over the whale\\u2019s account\\n whether Derek thinks the DAO made the right decision to not take over the whale\\u2019s account\\n what is Impermanent Loss Protection, a feature offered by Bancor\\n why Bancor decided to pause Impermanent Loss Protection\\n whether Celsius and 3AC had anything to do with Bancor\\u2019s problem\\n how Bancor\\u2019s decision was made unilaterally\\n how DAOs should deal with black swan events\\n \\xa0\\n \\xa0\\n Thank you to our sponsors! \\xa0\\n Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\\xa0\\n Ava Labs: https://www.avax.network/\\n \\xa0\\n \\xa0\\n EPISODE LINKS \\xa0\\n Derek\\n Twitter: https://twitter.com/derek_hsue\\n\\n \\xa0\\n Reverie\\n Website: https://www.reverie.ooo/\\n\\n Twitter: https://twitter.com/hi_reverie\\n\\n \\xa0\\n Solend DAO Situation\\n Covered on Monday\\u2019s Unchained Newsletter: https://unchainedpodcast.com/does-this-dao-deserve-emergency-power%e2%81%89%ef%b8%8f/\\n\\n Proposal to invalidate the first one: https://decrypt.co/103330/solana-lending-dao-overturns-vote-to-take-over-at-risk-whale-wallet\\n\\n The whale moved $25 million from Solend: https://www.theblock.co/post/153207/solana-whale-shuffles-25-million-to-reduce-risk-to-defi-protocol-solend\\n\\n \\xa0\\n Bancor Pausing Impermanent Loss Protection\\n Bancor\\u2019s post: https://blog.bancor.network/market-conditions-update-june-19-2022-e5b857b39336\\n\\n Anthony Sassano\\u2019s reaction: https://twitter.com/sassal0x/status/1539082583832526848?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q\\n\\n \\xa0\\n DAO Governance issues:\\n Lido DAO proposes to reduce the existing scope of governance of its token holders: https://research.lido.fi/t/ldo-steth-dual-governance/2382\\n\\n Jack Niewold 's thread: https://twitter.com/JackNiewold/status/1539307339928457217?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q\\n\\n Unchained Coverage: How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting \\u2013 Ep.360: https://unchainedpodcast.com/how-soul-bound-tokens-could-reduce-speculation-and-improve-dao-voting-ep-360/\\n\\n \\xa0\\n \\xa0\\n Main tweet\\n On this Friday\\u2019s Unchained, Derek Hsue explains:\\n * why the first Solend DAO vote was the \\u201cnuclear option\\u201d\\n * whether Solana\\u2019s history of downtime spurred the proposal\\n * Bancor\\u2019s decision to stop Impermanent Loss Protection\\n * what this all means for DAO governance\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"