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DAI does not need a CEO or a board. It needs good code and engaged token holders. That is the experiment.
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DAI survived every crash. March 2020. May 2021. November 2022. A decentralized stablecoin can be stable. We proved it.
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We added US Treasury bonds as collateral. The purists hate it. But you cannot scale to a trillion dollars on ETH alone.
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Decentralized governance is messy. Slow. Frustrating. It is also the only governance model that cannot be captured.
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The irony of MakerDAO is that we are decentralizing money by using centralized collateral. Progress is not always pure.
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We started in Copenhagen. Now DAI is used in 100 countries. Decentralized money does not have a headquarters.