Honestly, both scenarios are enough to make anyone lose sleep. When a DAO goes off the rails, it feels like watching a slow-motion train wreck. The endless governance debates, the sudden proposal flips, the Twitter finger-pointing it’s exhausting. You’re left wondering if your vote even matters.
But a CEX going under? That’s a different kind of panic. It’s instant. One day you’re checking your portfolio, the next you’re locked out with zero clarity. At least with a DAO, your assets are usually on-chain and you have some agency, even if it’s messy. A bankruptcy freezes everything; you’re just hoping for scraps from the lawyers.
As someone deep in the airdrop and DeFi grind, I’m trying to figure out which risk is more mentally draining to manage long-term. Which one spikes your cortisol more?