Apparently, @danielesesta has no idea how DAOs work. Currently, working as the CSO of Frog Nation NFT project, Daniel stated on the discord server that he will manage the DAO solely and directly from now on.
Surprisingly, there were many agreements with his step on the discord community. On the contrary, crypto Twitter has ridiculed this move. For instance, user @FedorLinnik wrote, “DAO means Daniel’s Autonomous Organization”.
Who is Daniele and which DAO are we talking about?
Daniele Sestagalli is the founder of several popular DeFi protocols and de facto leader of the “Frog Nation,”. In fact, his two DeFi protocols, Wonderland and AbracAbracadabra, are quite popular.
Sadly, just a few days ago, authorities called Daniele for the closure of his Wonderland project. The treasury manager turned out to be a former convict and co-founder of the QuadrigaCX scam exchange.
As a result, a vote over Wonderland’s future was conducted. Even though the majority of respondents voted to save the project, Daniele decided to end the project. Clearly, his actions have never been in accordance with DAOs or DeFi protocol rules.
Let’s see how the future turns out for his other projects. To understand what DAO is and how it operates, read here.
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