Project

Summary

The protocol lacks a fundamental DAO feature - the ability for members to create and vote on proposals. Without a proposal system, the protocol operates more like a centralized platform rather than a true DAO, limiting member participation in governance and decision-making processes.

Vulnerability Details

1. Members cannot create proposals

2. The current implementation only provides membership functionality without governance rights. Dao members receive NFTs but have no governance utility beyond profit sharing

Impact

1. Centralization Risk:

• Decision-making remains centralized with administrators

• Members have no influence over protocol direction

• Contradicts DAO principles of decentralization

2. Limited Member Engagement:

• No mechanism for collective decision-making

Tools Used

Manual review

Recommendations

1. Implement a proposal creation system for DAO members

2. Add voting mechanism based on token holdings or other criteria

3. Include timelock for proposal execution