A governance attack is a malicious action targeting the decentralized governance mechanisms of a blockchain protocol or decentralized application (dApp). Such attacks aim to manipulate voting outcomes, pass unfavorable proposals, or seize control of protocol parameters for illicit gain. This is typically achieved by acquiring a significant amount of governance tokens or exploiting voting system vulnerabilities. The objective is to subvert the intended decentralized decision-making process.
Context
Governance attacks are a significant concern within the decentralized autonomous organization (DAO) and protocol governance space. Current discussions focus on identifying potential attack vectors, such as vote buying or flash loan exploits for token acquisition, and on developing robust defense mechanisms. Key debates revolve around the design of tokenomics, quorum requirements, and the implementation of timelocks for executed proposals. Monitoring governance activity and potential manipulation is vital for assessing the security and decentralization of blockchain projects.
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