2026-01-01 13:26:11

A brand new fund operation logic has been discovered.

Traditional model vs. new model:
• Unmanaged vs. collective self-governance
• Equal initial status
• Participation is entirely voluntary
• But the outcomes vary

Key transformation: Capital no longer hires managers; capital itself becomes the manager. This decentralized self-management mechanism allows participants to directly control decision-making, sharing both risks and rewards. Everyone is a builder and beneficiary of this ecosystem — this is the true charm of DeFi self-governance.

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LiquidatedAgain

· 11h ago

Once again, I see this headline and just want to laugh... "Collective autonomy" "Risk sharing," sounds great, but what happens when borrowing rates skyrocket? No regulation is the biggest pitfall.

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TokenomicsTrapper

· 11h ago

ngl if you actually read the smart contract on this "collective self-governance" thing you'd see the same token concentration patterns we've seen a thousand times... classic exit pump waiting to happen

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ZenZKPlayer

· 11h ago

Wait, capital managing itself? That sounds like automated contracts, but in reality, it's still operated by people.

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PoetryOnChain

· 11h ago

Hmm... Isn't this just the DAO approach? It sounds pretty advanced, but in practice, it's still about who has more tokens and who gets to speak the loudest.

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PrivateKeyParanoia

· 11h ago

It sounds great, but how many can truly achieve completely equal decision-making? In the end, it's still the ones with more say who make the final call.

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NftBankruptcyClub