Comment by @punkess • Hey

I liked the idea as well (for funding projects), probably i didn’t follow close enough. Did it work? For klimaDAO I think/thought it failed dramatically.

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imo out or many reasons, Klima failed because it was too early to rise and to be dumped, the chart looked too crazy to be taken seriously by the outsiders (even by crypto standards) + there were questions about the legitimacy of the tokenized Carbon credits and if they represented the value they claimed it to be. Another point - in Olympus' case one could see a treasury rise as a result of (3,3) with ETH, DAI etc whereas for Klima the treasury compromised of Burned Carbon Credits, which as noble as it sounds cannot be redeemed anywhere 'cause by its nature, it's RWA was already burned. Were fun times tho 🌳
Okay but the reason they failed most likely was no PMF? or some other issues. 3,3 and DAICOs actually give tokenholders remedy to vote a team out if they aren't focusing