DeFi DAOs in a Spot of Bother: ECB Says They’re Not as Decentralized as They Pretend!
Now, the ECB boffins have been poking around and discovered that the top 100 holders in each of these protocols are practically sitting on a goldmine of governance tokens. Over 80% of the supply, no less! And get this-half of these holdings are linked to the protocols themselves or exchanges. It’s like finding out your “self-made” millionaire chum inherited a tidy sum from dear old dad. Not quite the rags-to-riches tale, eh?



