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alexandra-volkov

A collection of 3 posts

The Aave Governance Vacuum

The Aave Governance Vacuum

The ACI is gone. BGD Labs is leaving in April. The on-chain governance structure is intact — but the coordination layer that made it run at protocol scale is not. Emma Rowe and Dr. Alexandra Volkov map the mechanism and the cost: $7–11M annually, 12 weeks to act.

GENIUS Act - Decentralized Stablecoins: Economic Compression or Viable Niche?

GENIUS Act - Decentralized Stablecoins: Economic Compression or Viable Niche?

The GENIUS Act defines payment stablecoins as 1:1 reserve-backed instruments. DAI and LUSD are excluded by architecture, not intent. Dr. Alexandra Volkov maps the economic compression — and whether a viable niche remains.

Tally Shutdown: The Economics of Regulatory-Driven Infrastructure

Tally Shutdown: The Economics of Regulatory-Driven Infrastructure

Tally powered on-chain governance for Arbitrum, Uniswap, ENS and 500+ DAOs. It shut down in March 2026. Dr. Alexandra Volkov maps the real cause: not product failure, but regulatory demand destruction — and what the infrastructure void means for protocols managing billions in TVL.