Why veto rights matter in Web3 governance

Here's the thing about DAOs—most run on team-controlled multisigs. Sounds efficient, right? Problem is, it's exactly how rugs happen. Teams hold the keys: they can dump tokens, drain funds, while token holders sit on the sidelines watching it unfold.

The veto isn't about strangling good teams or paralyzing fast decisions. It's about balance. Productive teams need to move quick, make calls without bureaucratic death by committee. But they shouldn't have absolute power either. That's where checks matter.

Decentralized democracy only works when there's actual leverage—when the community can push back if needed. Without it, you're just trusting a multisig to stay honest. And history shows us how that usually ends.