ECB paper says DeFi DAOs may be too centralized for MiCA loophole
ECB staff paper finds top 100 holders in Aave, MakerDAO, Ampleforth and Uniswap control over 80% of governance tokens.Concentrated voting blocs threaten DeFi protocols’ claims to “fully decentralized” status under MiCA.Findings raise risk that leading DeFi DAOs could be pulled inside the EU’s licensing and compliance regime.
2026-03-27 14:19:05
