# Evolving Algorand Governance

**URL:** <https://forum.algorand.co/t/evolving-algorand-governance/6646>\
**Category:** Governance Discussions\
**Tags:** defi\
**Created:** [May 3, 2022, 6:58pm UTC](https://forum.algorand.co/t/evolving-algorand-governance/6646 "2022-05-03T18:58:49Z")\
**Posts on this page:** 1\
**Showing post:** 86

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**Author:** ![jmob](https://avatars.discourse-cdn.com/v4/letter/j/8e7dd6/32.png) [@jmob](https://forum.algorand.co/u/jmob)\
**Post date:** [May 4, 2022, 5:20pm UTC](https://forum.algorand.co/t/evolving-algorand-governance/6646/86 "2022-05-04T17:20:07Z")

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I agree with Michel but I have some reservations. Yes, it’s hard for defi to compete with no risk holding through governance. However, I am in governance because defi has so many problems. Mainly, they get hacked a lot. I’ve invested a lot of money in Algorand and to think that an error in a smart contract could wipe me out is just unacceptable,

Frankly, it’s a big ask when you consider the poor price action algorand has delivered thus far. It’s a catch22. People, are in fact holding and not taking risks.

What I want to see and what I want to feel is certainty.

If you want people to participate in defi, you have to foster a space that can be trusted. Stop verifying ASA’s that are rug pulls. KYC should be mandatory for verification. Until that happens there is no way in hell I would ever participate.

That being said, I love Algorand.

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