A Harmony DAO opinion: Harmony must steer away from its DAO focus, or a new anti-dao leader must take over.

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A Harmony DAO opinion: Harmony must steer away from its DAO focus, or a new anti-dao leader must take over.
self.harmony_one1m ago
Everyone knows how bad the vast majority of Harmony's DAO are, and why wouldn't they be? No DAO with the ambiguous goals of "join a cause / better the world / build a \[*paid*\] community" will lead to bringing value to ONE. If they want a model for financially sustainable DAO's then curve dao / aave / uniswap all consider themselves as DAO's... but you see bros Harmony is not really concerned about a financially sustainable DAO. *\[Insert meme with Harmony saying "Financially sustainable DAO?* ***I SLEEP***. Virtue signaling DAO? ***REAL SH1T.****"\]* ​ ​ * **RECAP of why Harmony DAOs are bad** I wrote more about my findings and true feelings on DAO in this comment. [https://www.reddit.com/r/harmony\_one/comments/tzccv9/comment/i3yi7t2/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/harmony_one/comments/tzccv9/comment/i3yi7t2/?utm_source=share&utm_medium=web2x&context=3) Short summary: I examined how irresponsible many of the grant givers were in approving grants (potentially taking kickbacks?), and the scammy nature of some of these DAO recipients. Shout out to everyone's favorite scammer Sunny. I believe Auguy looked at several DAO's and found that there is a theme for founders to withdraw most the funds, then move onto creating their next DAO. ​ * **Not even Harmony understands what's going on** [https://www.reddit.com/r/harmony\_one/comments/tyo5tm/comment/i3yyp11/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/harmony_one/comments/tyo5tm/comment/i3yyp11/?utm_source=share&utm_medium=web2x&context=3) Jack who is introduced as one of the head people leading Harmony's DAO program, states that DAO's are still not understood by many \[including themselves\]. And that it has been an expensive learning process, but they believe it will turn out to be something good in the end.... ​ * **Nice words right? Surely, it's a slow learning process so they are taking their time to get it right! ehhhhh Wrong.** [https://twitter.com/harmonyprotocol/status/1503821163482562574](https://twitter.com/harmonyprotocol/status/1503821163482562574) Instead of taking a slow approach, DAO grant money was sped ran, $40M and counting as of 1 month ago. That's right folks. Out of the $50 million dollar incentive fund for DAO's, most of the funds have already haphazardly been shoveled into these dubious 10K DAO's ​ * **It gets worse. "O god NO."** [https://twitter.com/harmonyprotocol/status/1503821173578158084](https://twitter.com/harmonyprotocol/status/1503821173578158084) If money being thrown at these 10K DAOs wasn't enough, Harmony plans to give them control over a $300M+ treasury, and wider governance power. Now what exactly does Harmony mean by "give 10K DAO's control over ALL TREASURY AND GOVERNANCE"?? Harmony leadership needs to clarify this, because worst case scenario we may end up with SUNNY as next Harmony CEO. This is not a joke. ​ * **\[My opinion\]** **Steven TSE needs to wake up, or new anti-DAO leadership must be appointed** As much as I like Sunny I don't think she will necessarily have Harmony's best interests at heart guys. I mean the lady is part of 4+ DAO's, but doesn't bother to mention Harmony ONE in her twitter at all. So Mr. TSE. Please, no more DAO, I beg. Please take steps that show you are committed to Harmony being prosperous long term. Y'know such as building Harmony's TVL and market cap with proven programs like Avax's Dev Fund & Rush program. Stop being content with Harmony being a smaller chain. ​ * **What can you, the community, do?** All we can do is keep bringing it up and tell them we don't like the way Harmony is heading, and hope that they change direction. Ask for clarification in the AMA. Usually I'm too lazy to post, so it's up to you guys. You can do it. ​ * **The final dab** I tried to stay as factual as possible in this post, and hold back any fud. But I just have to mention this. If the above worst case scenario is true: then anyone at Harmony Core who thinks the idea of an entire L1 being controlled by a DAO is a good idea needs to be fired immediately and never taken seriously again. Cancer ideas like that kills the Harmony. ​