  In this article, we propose a new form of DAO governance that uses a
sequential auction mechanism to overcome entrenched control issues that have
emerged for DAOs by creating a regime of temporary contestable control. The
mechanism avoids potential public choice problems inherent in voting approaches
but at the same time provides a vehicle that can enhance and secure value that
inheres to DAO voting and other DAO non-market governance procedures. It is
robust to empty voting and is code feasible. It facilitates the ability of DAOs
to meet their normative and operational goals in the face of diverse regulatory
approaches. Designed to shift control to the party with the most promising
business plan, at the same time it distributes surplus in a way that tends to
promote investment by other parties.
