After $130M Hack, Badger’s Restitution Plan Tests Limits of DAO Governance

After 0M Hack, Badger’s Restitution Plan Tests Limits of DAO Governance
After a devastating $130 million hack, BadgerDAO is moving forward with the first steps in an ambitious restitution plan that may be among the most complex in decentralized autonomous organization (DAO) history.The DAO – in this case, an ostensibly leaderless collective governing a decentralized finance (DeFi) protocol – is grappling with how and if to make users whole.In early December, a frontend exploit drained the DeFi yield vault platform of $130 million in various assets – upwards of 10% of its total value locked (TVL) at the time of the attack.While restitution plans are a common occurrence in DeFi –…