Web3 & DAO News: Week 38, 2022

Here’s the next weekly recap of significant happenings within the #Web3 and #DAO space all in one Medium post.

Subsequent threads are formatted to include the latest news, their TL;DR, and direct links for you to explore more.🔎 Settle in DIAmonds💎 and let’s get you up to speed with the latest #Web3 happenings!

Safe to Offer Governance Token for SafeDAO — @MktsInsider

• @safe launches new #DAO
• 190 million $SAFE tokens will be airdropped to stakeholders.
• Stakeholders include users, guardians, strategic backers, core contributors, and @GnosisDAO

Digital Asset Manager Safe to Offer Governance Token for SafeDAO

DAOs in CFTC’s Enforcement Crosshairs — @natlawreview

• @CFTC filed a federal civil action against @OokiTrade #DAO.
• Compares #DAOs to unincorporated associations.
• Asserts voters via DAO governance #tokens are liable for the DAO’s actions.

Holders of DAO Governance Tokens Beware: According to the CFTC, Voting May Be Hazardous to Your…

DeFi Hub Targets TradFi With Institutional Lending DAO — @CoinDesk

• #DeFi protocol @Umee_CrossChain is stepping into #TradFi.
• Umee is creating an institutional lending #DAO to enable the transition of bond markets into #DeFi #lending.

DeFi Hub Umee Targets TradFi With Institutional Lending DAO

Circle Unveils Expansion Plans — @CoinDesk

• $USDC #stablecoin expands to 5 new chains.
• Unveils cross-chain transfer protocol.

Circle Expands USDC Stablecoin to Five New Chains, Unveils Cross-Chain Transfer Protocol

Largest Spanish Telecommunication Company Announces #Web3 Adoption — @CPOfficialtx

• @Telefonica_En enables #crypto payments.
• Telco also enters the NFT sector.

Spanish telco announces Web3 adoption

Olympus DAO Cuts Annual Yield For OHM Staking — @TheBlock__

• @OlympusDAO’s latest governance proposal reduces the annual $OHM staking yield to 7.35% from 267%.
• Transitions to a new #tokenomics framework focused on sustainability.

Olympus DAO cuts annual yield for OHM staking to 7.35%

Aragon Votes To Transfer Treasury Funds After Dissolving Old DAO — @TheBlock__

• @AragonDao is dissolving the old #DAO for a new one that allows delegated voting.
• After dissolution, the community must decide what to do with the treasury.

Aragon community voting to transfer treasury funds after dissolving old DAO

There you have it — your recap of the latest #Web3 and #DAO news and their direct sources for you to #DYOR.

Next week, relevant happenings within the week will be brought to your notice by the next issue of the DIA Community News Thread.📬

Follow DIA Community Hub on Twitter: