DAOs: Marshall Islands officially recognizes DAOs as legal entities, Curve on Moonbeam, PieDAO governance model updated, Yearn’s YIP-66 passed, Compound’s 084 failed, ENS response to controversy over core contributor, MolochDAO annual report, and more!
Biweekly report on decentralized autonomous organizations vol.19, 5th February — 19th February
TL;DR
- The Aave V3 deployment on several network mainnets is close to execution. The deployment governance framework approved. Vote to deploy Aave V3 on the Cronos chain is live. LensProtocol announced
- Balancer proposals to increase the protocol fee and to implement protocol revenue sharing for pool creators passed. The 3rd Grants Wave live
- Idle DAO introduces a set of modular tools & platforms called DAO stack
- Bancor votes for onboarding, trading liquidity increases, fee changes, and more. Bancor drops condom NFTs “DEXLoverz” on Valentine’s day
- PieDAO governance model has been updated. PIP-71 YPIE health-check & PIP-70 DeFi products revamping are live
- BadgerDAO has implemented BIP 85 to count bveCVX and bveCVX LP towards native balance for Badger Boost. Citadel DAO introduced
- Curve on Moonbeam. The community votes to add a gauge to the DYDX/ ETH pool
- Compound proposal 084 failed, 083 executed
- GnosisDAO GIP-19 is live for voting on Snapshot. Gnosis Safe plans to launch token and spin out project from parent Gnosis
- Akropolis AIP-014 has passed the quorum with more than 133M AKRO. The team will proceed with the execution
- ENS response to controversy over core contributor
- Fei protocol proposes a new modular representative governance mechanism
- DAOhaus Manifesto v2.0.0 released
- The MolochDAO annual report is out. MolochDAO’s birthday
- Tally wallet plans first Gitcoin aqueduct to automate public goods funding & ecosystem building
- PoolTogether introduces DAO landing page. DAO Happiness Survey is now available on the governance forum. PTIP-54: Treasury Management is live
- API3 Airnode v0.4 has been released
- Index Coop’s IIPs 130, 58, 091, 131 passed
- Kleros KIP-47 approved
- A proposal for compensating security assessment costs for Lido-on-X (Solana, Polygon, Kusama/Polkadot, etc) projects via LidoGrants
- mStable MCCP 15 & 16 approved. mstable X Polygon
- Nexus Mutual’s poll for the Special resolution: operation wartortle is live
- Uniswap oracle attack simulator released
- Yearn’s YIP-66: Streamlining contributor compensation approved
- Yam’s YIP-101 & 102 passed
- Colony DAO builder survey 2022
- Cosmos ecosystem chains face conflict over bridge policy
- Synthetix Polaris and Hamal releases. SIP-202 sets a base level of inflation
- Element Finance launches voting vaults as new governance primitive
- Build Finance faces governance takeover attack
- Osmosis validators reject deficient proposal after last minute community pushback
- Solana Monke Business NFT project faces conflict with MonkeDAO
- Former presidential candidate launches DAO to advocate for Web 3
- AssangeDAO raises 38M to aid WikiLeaks founder’s Court Battle
- Football club Manchester United “1992 legends” to create sports DAO
- ETHDenver shows not all crypto communities are the same: ETHheads discussed “public goods,” Schelling Points and how DAOs can return power to the people
- Active proposals: Aave, Curve, GitcoinDAO,GnosisDAO, LidoDAO, MakerDAO, Nexus Mutual, PoolTogether, Synthetix, PieDAO, Uniswap
- New & ongoing discussions: Compound, Balancer, Index Coop, mStable, Yam Finance, Yearn Finance, BancorDAO, Akropolis, API3, Idle, KyberDAO, Kleros, Badger DAO
- Podcasts on DAOs
- And more!
Overview
Blockchain technology is already radically transforming the financial system. However, properties such as trustlessness and immutability aren’t only useful in monetary applications. Another potential application is governance. Blockchains could enable entirely new types of organizations that can run autonomously without the need for coordination by a central entity.
“Instead of a hierarchical structure managed by a set of humans interacting in person and controlling property via the legal system, a decentralized organization involves a set of humans interacting with each other according to a protocol specified in code, and enforced on the blockchain.” — Vitalik Buterin
DAO stands for “decentralized autonomous organization” and can be described as an open-source blockchain protocol governed by a set of rules, created by its elected members, that automatically execute certain actions without the need for intermediaries.
In simple terms, a DAO is an organization that is governed by computer code and programs. As such, it has the ability to function autonomously, without the need for a central authority.
Like how DeFi is programmable money and how NFTs are programmable media, DAOs are programmable organizations of people.
DAOs Ecosystem Statistics
Top DAOs
Like two weeks ago, the rating is headed by BitDAO and Uniswap.
Global stats
Leading DAOs
Read & Listen
- Crypto Can Fix the World by Kevin Owocki on Bankless
- A Beginner’s Guide to DAO, Killer of Hedge Funds and Corporate Structure by Luc Olinga on TheStreet
- Forbes: What Are DAOs? (And How One DAO Turned $10M into $1B)
- The Defiant: Giveth’s Griff Green: Super-Charging Public Goods and Charity With Crypto
- Mint: What is a community contribution opportunity with Spencer Graham
- Dylan Shub Podcast: Joshua Schone: Bancor, Decentralized Finance & Liquidity Pools
- Conversations with the Coop: Evgeny Gaevoy — Wintermute
- Conversations with the Coop: Scoopy Trooples — Alchemix
Frameworks
Aragon
Recent blog posts
Tribute Labs (OpenLaw)
Governance
Aave
Active proposals
- ARC: Add alUSD as a Borrowable Asset to Aave V2
- Deploy Aave on Cronos chain
- Approve V3 Deployement Governance Framework
Closed proposals
- Should eleven (11) total risk parameters across seven (7) Aave V2 assets be updated?
- Aave <> Starkware Phase I
- ARC: Adding Multi-Collateral DAI to the Aave ARC Market
- ARC: Add FOX Token (ShapeShift) as collateral
- ARC — Consolidate Aave V1, V2 & AMM Reserve Factors, Purchase CVX and Deploy to Earn Yield
- ARC — Add DPI as Collateral on the AAVE ARC market
- ARC — Continue Liquidity Mining Program on Aave V2 Ethereum market and Introduce Liquidity Mining on Aave ARC market
- ARC: Avalanche Market — AVAX Risk Parameters Update
- Deploy or Upgrade Aave V3 on Avalanche
- Deploy Aave V3 on Evmos
New and ongoing discussions
- ARC: Risk Parameter Updates 2022–02–10
- Listing Proposal: Add UMA as collateral on Aave
- Listing Proposal: Add CVX (Convex Finance Token)
- [ARC] Deploy Aave V3 on Cronos chain
- [ARC] Aave V3 network integrations process
- ARC — Consolidate Aave V1, V2 & AMM Reserve Factors, Purchase CVX and Deploy to Earn Yield
- Deploy AAVE v3 on Polygon Network
Latest governance topics on governance forum.
API3 DAO
Recent blog posts
API3 DAO Tracker: API3 DAO currently involves 4,770 members participated in 26 votings.
New and ongoing discussions
- Exploring the Web3 API Economy | Nordic APIs
- API3. Decentralized APIs for Web 3.0 | Fantom
- [WPR] Marketing — Marcus — Feb 13th
- Airnode v0.4 release
Latest governance topics on governance forum.
Community Call:
API3 ETHDenver 2022 Bounties:
ETHDenver DeFi Head Start:
Badger DAO
Closed proposals
New and ongoing discussions: Badger Discord
To read more about the different proposals and take part in the decision, check out the governance forum.
bveCVX Rooooadmap:
Better Know a Badger Vault:
Balancer
Closed proposals
- Protocol revenue sharing for pool creators
- Increase the Protocol Fee
- Introducing veBAL Tokenomics
- Fund Balancer DAO for Q1 2022
- BalancerDAO <> GnosisDAO Treasury Swap
New and ongoing discussions
- [Proposal] Governance Process Revamp 2.0
- [Proposal] Authorize Treasury subDAO to Allocate BAL to Turbo
- [DRAFT] Proposal: Co-Incentivized Metastable Pool with FEI and RAI
- [PROPOSAL] Protocol revenue sharing for pool creators
- [Proposal] Deploy Balancer on Gnosis Chain
Latest governance topics on governance forum.
Bancor
Recent blog posts and news
Closed proposals
- Increase the trading liquidity limit in the PHTR pool from 100,000 BNT to 400,000 BNT
- Increase trading liquidity limit in the VITA pool from 100K BNT to 500K BNT
- Change the fee in the SNX pool from 0.2% to 1%
- Change the fee in the MKR pool from 0.2% to 1%
- Proposal to Whitelist FODL Finance (FODL) with 100,000 BNT trading liquidity limit
- Extend LM rewards in the Stablepools (USDC, USDT, DAI) for 8 weeks from the 23rd February 2022
- Change the fee in the MTA pool from 0.3% to 1%
- Change the fee in the vBNT pool from 0.75% to 1.5%
- Disable deposits on the XDATA pool
- Increase space in the SNX pool from 5,000,000 BNT to 9,000,000 BNT
- Change the fee in the REQ pool from 0.2% to 1.0%
- Increase the trading liquidity limit in the REQ pool from 1m BNT to 1.75m BNT
- Increase the trading liquidity limit in the DAO pool from 100k BNT to 200k BNT
- Increase the trading liquidity limit in the SHEESHA pool from 50,000 BNT to 250,000 BNT
- Gradually increase the trading liquidity limit in the wNXM pool from 2M BNT to 10M BNT in 1M BNT increments
- Onboard rETH with 250K trading liquidity
- Whitelist Tempus Finance (TEMP) with 100,000 BNT trading liquidity limit
- Extension of Liquidity Mining on WBTC, LINK and ETH pools
New and ongoing discussions
- Proposal: Whitelist PathDAO (PATH) with 50,000 BNT trading liquidity limit
- Proposal: Whitelist Hedera (HBAR[eth]) with 100,000 BNT trading liquidity limit
To read more about the different proposals and take part in the decision, check out the forum.
DEXLoverz | Condom NFT airdrop:
Joshua Schone: Bancor, Decentralized Finance & Liquidity Pools | Dylan Shub Podcast 3:
Compound
Closed proposals
New and ongoing discussions
- Bug Bounty Program for Compound Proposals
- Gauntlet Risk Parameter Recommendation and Model Methodology
- FRAX Listing Proposal
- Multi-chain strategy
- GFX Labs’ Proposal To Become Contributors
- Risk Parameter Updates 2022–02–11
Latest governance topics on governance forum.
Curve
Active snapshot proposals
Closed snapshot proposals
New and ongoing discussions
To read more about the different proposals and take part in the decision, check out the forum. Vote here.
Gitcoin
Recent blog posts
- How to Get Funds in Layer 2s & Save on Fees
- Tally Wallet Plans First Gitcoin Aqueduct to Automate Public Goods Funding & Ecosystem Building
Active proposals
- Moonshot Collective (MSC) S13 funding request
- Memes, Merch and Marketing (MMM) S13 budget request
- Fraud Defense & Detection (FDD) S13 budget request
New and ongoing discussions
- [Proposal] FDD Workstream Season 13 Budget Request
- A DAO has no CEO
- [Proposal] dCompass — Season 13 budget request
- The Steward Council — Formation & Mandate
- Moonshot Collective Workstream Budget Request Q2 2022
To read more about the different proposals and take part in the decision, check out the governance forum.
The Wonderful World of Web3 Wallets Taylor Monahan:
Regenerative Cryptoeconomics Panel:
Welcome to Schelling Point! SimonaPop & Kevin Owocki:
Gnosis
Recent blog posts
Active proposals
Closed proposals
- GIP-25: Partner with Tornado Cash to increase GNO:TORN liquidity in Uniswap V3
- GIP-13: Should Gnosis DAO proceed and deploy CowDAO and vCOW token?
- GIP-23: 2nd amendment to GIP-17. Add authority of Instadapp SCW to daughter Safe
New and ongoing discussions
- GIP-19: Should Gnosis DAO burn 715k GNO?
- GIP-13 (Phase 2): CowDAO and COW Token
- GIP-29: Spin-off safeDAO and Launch SAFE Token
- GIP-26: Partner with 1inch to increase GNO:1INCH liquidity
- GIP-13 Gnosis Protocol Token
Find out the latest GnosisDAO proposals here.
Idle
Closed proposals
New and ongoing discussions
To read more about the different proposals and take part in the decision, check out the governance forum.
Perpetual Yield Tranches: an Innovative Product to Protect Your DeFi Deposits & Leverage APYs:
Index Coop
Recent blog posts
- Easy MATIC FLI issuance on the Polygon Network
- Introducing the Inverse ETH Flexible Leverage Index
- Know Your Bankless DeFi Innovation Index (GMI) Token: Reflexer Finance (FLX)
- Introducing the 2x and Inverse MATIC Flexible Leverage Indices
- Index Coop Financial report — January 2022
Closed proposals
- [AAVE-59] Aave V2 — Liquidity Mining Update (90 days at 30% reduced rate)
- [AAVE-undefined] Add SEBA Bank as a whitelister on Aave Arc
- [AAVE-58] Risk Parameter Updates 2022–02–10
- [Balancer] — Increase the Protocol Fee
- IIP-131: Update Operations Account Multi-sig — Liquidity Pod
- [Balancer] — Introducing veBAL Tokenomics
- IIP-58 DG2: Launch of Pulse Yield Products (PINT & PAY)
- IIP-091 DG2: Launch the NFT Blue-Chip Index token ($JPG)
- IIP-130: Redesign of Product Onboarding Process — Jan 2022
- YIP-66: Streamlining contributor compensation
- BIP 85: Add bveCVX and bveCVX LP as Native in Boost
- [COMPOUND-84] TrueUSD Market Upgrades
New and ongoing discussions
- [MGC Member Nomination]: February 2022
- IIP-XY: Update Meta Governance Multisig Signers
- IIP-XX: Change Metagov Committee’s Aave Address
- Governance Nest Proposal [Season 1 2022]
- IIPXX : Launch the $REAL Index
- IIP-130: Redesign of Product Onboarding Process — Jan 2022
Find latest Index Coop proposals here.
To read more about the different proposals and take part in the decision, check out the governance forum.
Kleros
Closed proposals
To read more about the different proposals and take part in the decision, check out the governance forum.
Lido
Active proposals
- Compensate security assessment costs for Lido-on-X projects
- Improve decentralization and set up validators requirements for Lido on Terra
- Increase Aragon Voting duration to 72h
Closed proposals
- Proposal: Easy Track payments limit
- Lido for Avalanche — Joint Proposal by Hyperelliptic Labs and RockX
- Allocate Lido treasury assets worth up to 600 ETH to develop Univ3 wstETH<>WETH pair
New and ongoing discussions
- Referral Program Whitelisting [Ethereum]
- Onboarding stETH to zkSync and StarkNet through ZigZag Exchange
- LIP-13: Easy Track payments limit
- reWARDS February 22’ Budget
- Compensating security assessment costs for Lido-on-X projects
- Baseline for Lido validators on Terra
To read more about the different proposals and take part in the decision, check out the governance forum.
MakerDAO
Active Polls (8 Polls Ending Feb 28)
- Ratification Poll for Facilitator Onboarding to DUX-001–0xdeniz (MIP41c4-SP32)
- Ratification Poll for Modify Core Unit Budget, RISK-001 (MIP40c3-SP56)
- Ratification Poll for Modify Core Unit Budget — Collateral Engineering Services, CES-001 (MIP40c3-SP57)
- Ratification Poll for MIP55 Amendments (MIP4c2-SP16)
- Ratification Poll for Modify Core Unit Budget, Immunefi Security (IS-001) (MIP40c3-SP58)
- Ratification Poll for Onboard/Amend Keeper Network — Tech-Ops (MIP63c4-SP1)
- Ratification Poll for Onboarding the Maker Talent Core Unit (MT-001)
- Ratification Poll for Intangible Asset Assignment (MIP60)
Ended Polls (16 Polls — Ended Feb 07)
- Community Greenlight Poll — STABLE-NOTE (2 to 10 Year Duration US Treasury Securities)
- Community Greenlight Poll — STABLE-TBILL (US Treasury Securities Up To 12 Months Duration)
Executive
- Recognized Delegate Compensation, Raise the Emergency Shutdown Threshold, MOMC Parameter Changes, Core Unit DAI Budget Stream Corrections [executed Feb 07]
New and ongoing discussions
- [Signal Request] Implement Governance Mining Trial
- MIP40c3-SP45: Modify Core Unit Budget, ORA-001 (Oracle Gas Costs)
- MIP41c4-SP32: Facilitator Onboarding to DUX-001–0xdeniz
- MIP40c3-SP61: Modify Core Unit Budget — Real-World Finance (RWF-001)
- MIP65: Project Clydesdale: Monetalis Arrangement I: Liquid Bond Strategy & Execution
- MIP39c2-SP30: Governance Communications Core Unit, COM-001 (Mandate Refresh)
and many more!
Read more about the different proposals and take part in the decision.
Governance Portal, Governance Forum
mStable
Closed proposals
- MCCP 16: Fee restructuring for swaps and redemptions
- MCCP 15: Whitelist Multisigs in Staking V2
New and ongoing discussions
- [RFC] Disable automated collection of fees for Mainnet Save redemptions
- [RFC] Incentivize mStable Tranches
- [RFC] Overhauling the Governance Fee Flow
- MIP 26: Stop COMP & stkAAVE Liquidations
To read more about the different proposals and take part in the decision, check out the governance forum.
Nexus Mutual
Active proposals
Closed proposals
- Should we give BootNode a grant to build MEV protected swaps for the mutual?
- Should we allocate up to 70,000 wNXM from the Community Fund to the wNXM Bancor pool?
- Approve Mutant Marketing’s 6-month budget request?
- Signal Vote TM21: Conduct second wNXM buyback using 8000 ETH from the Capital Pool
Discussions
- Proposal: Operation TM21
- Operation Wartortle Next Steps: Draft Execution Proposal
- Exploring Nexus Tokenomics/Bonding Curve Redesign
- Mutant Marketing: 2022 Roadmap
Vote on governance proposals to decide the future of the protocol here.
To read more about the different proposals and take part in the decision, check out the governance forum.
Cryptopacas Podcast # 3 w/ Guests Nexus Mutual:
Pie DAO
Governance model has been updated. Get familiar with the new process:
Active proposals
Closed proposals
- [Epoch-4] MerkleTree Notarization
- Should I make a dummy proposal in order to vote this month ?
- [PIP-69] Governance Voting Framework
New and ongoing discussions
- USD++ Health-Check
- DOUGHpamine Incentives Program
- [PIP-71] YPIE Health-Check
- [PIP-70] DeFi Products revamping
- [PIP-69] Governance Voting Framework
To read more about the different proposals and take part in the decision, check out the governance forum.
PoolTogether
Recent blog posts
Active proposals
Closed proposals
New and ongoing discussions
- PTIP-54: Treasury Assets Management #1
- PTIP-55: Extend Pool Emissions
- Governance: Endgame
- PoolTogether DAOs purpose
To read more about the different proposals and take part in the decision, check out the governance forum.
Synthetix
Recent blog topics and news
- The Hamal Release
- The Polaris Release
- Dynamic Exchange Fees Explained
- The Alphard Release
- dHEDGE Debt Mirror Index Token
- The Mirzam Release
Active proposals
Closed proposals
- SCCP-165: Update LUSD Wrappr Parameters
- SIP-197: Bypass SIP presentation (revote)
- SIP-209: Update Exchanger for backwards compatibility (revote)
- SIP-205: Add Five Synths on Optimism with shorting
- SIP-209: Update ExchangeRates for backwards compatibility
- SCCP-163: Update Optimism Chainlink Oracles to OCR
- SCCP-164: Extend burn lock to seven days
- SIP-202: Target Staking Ratio
To read more about the different proposals and take part in the decision, check out the governance forum.
Uniswap
Active proposals
Closed proposals
- How should Uniswap community support “Adopt unicorn on unicode” proposal
- Temperature Check — Deploy Uniswap V3 on Harmony through an Additional Use Grant to Hermes DeFi
- Temperature Check — Should Uniswap Provide Voltz with v3 Additional Use Grant?
New and ongoing discussions
- Deploy Uniswap V3 to Boba Network
- Deploy Uniswap V3 on Harmony through an Additional Use Grant
- UNI should become an oracle token
- Adopt on unicode
- [RFC] Uniswap Grants Program v0.1
To read more about the different proposals and take part in the decision, check out the governance forum.
Yearn Finance
Recent blog posts
- Diving into Yearn Metrics
- See Yearn Finance at ETHDenver 2022
- How Yearn calculates estimated returns (APY)
Closed proposals
Check out the latest YIPs discussions here.
MISC
ENS Response to Controversy Over Core Contributor
This incident points towards potential challenges for protocol governance mechanisms.
In the past several weeks, the crypto community has seen several controversies develop over contributors’ past use of social media. Most recently, ENS core team member Brantly Millegan came under fire and was eventually let go from True Names Ltd (the ENS development company) due to comments about LGBT issues that many considered unacceptable. The events leading up to the separation have been well covered by other venues and on crypto twitter, so here we’ll focus on concrete impacts on governance mechanisms and DAO participation.
Delegation: Delegations seem to be very sticky — voters who delegate to someone are unlikely to change their delegation. Due to relatively high transaction costs required for re-delegation, we could also expect that smaller token holders will be even less likely to change their voting support. Brantly has seen a bit of outflow from his ENS delegate address, but he remains the largest voter by a comfortable margin. While this may partly reflect voter support for his work and track record despite the recent controversy, it also points to frictions in delegation UX.
Shortly after these events, the ENS DAO began funding a subsidy to pay gas costs for redelegating votes. But despite this incentive, relatively few token holders have changed their supported delegate. The ENS claims process was widely lauded at the time for encouraging all token holders to delegate voting power and increase participation. But this may also exacerbate issues around token holder apathy and vote stickiness, with coordination required between many more people to reduce a delegate’s voting power. In Brantly’s case, he retains voter support from over 5,000 addresses.
DAOs may be able to combat this with delegation expiry, which has already been adopted by MakerDAO. This type of mechanism would force voters to periodically reconfirm their delegation, which reduces the existing lock-in effect and promotes more fluidity of voting power.
DAOs versus development companies: While the ENS controversy was unfolding, there was widespread confusion about the limits of tokenholder authority. Brantly’s separation from True Names Ltd was decided internally, without direct token holder participation or voting. This is understandable considering that TNL is a private company and not directly answerable to ENS voters. But this nevertheless raises questions about the limits of DAO authority within a protocol.
Cosmos Ecosystem Chains Face Conflict Over Bridge Policy
While Osmosis founders want to align around a single bridge for each asset, others including the competing Sifchain team allege this is anticompetitive.
The past week has seen unusual bout of conflict break out between various chains and bridge protocols within the Cosmos ecosystem. While the cohort of chains built on the Cosmos SDK have traditionally operated fairly collaboratively, growing ecosystem adoption and key upcoming integrations are challenging this paradigm.
The first battle among Cosmos projects is being fought over bridges, which are likely to drive significant usage as they enable connection with dominant Ethereum and EVM ecosystems. There are already several bridges live, with newly launched Gravity Bridge Chain joining the existing Sifchain, Axelar, Secret Network, and Injective networks. But so far, none of the bridged tokens have been integrated beyond their respective chain’s home network using Cosmos IBC (inter blockchain communications protocol designed for trustlessly bridging assets and messages).
The current conflict stems from the Osmosis team’s preference for integrating a single, canonical version of each bridged token. Stated benefits include better UX and less liquidity fragmentation. But this also means a single bridge operator will have a huge leg up in building network effects within the Cosmos ecosystem (by integrating with Osmosis, the most widely used DEX).
The choice of token would be enforced via two mechanisms: DAO controlled incentive allocations, and visibility on the team controlled user interface. This raises additional issues of DAO versus team authority, as the Osmosis.zone site remains by far the most prominent way to access the Osmosis protocol and exchange. Currently, the OSMO team seems to be favoring integration with Gravity Bridge chain, which caused competitor Sifchain to cry foul.
Shortly afterwards, members of the Osmosis core team hit back at Sifchain for questionable marketing and business tactics, including a proposal to carry out wash trading for greater OSMO incentives. Parallel to this debate, Gravity Bridge has also begun to face criticism of their recent token distribution. Around 9% of supply has been allocated to airdrops for Cosmos ecosystem users (ATOM stakers and the OSMO community pool), compared with over 40% to insiders and investors.
With the ATOM public sale providing the seed funding for Gravity Bridge, many ATOM holders expected a larger allocation. But beyond this, Cosmos chains’ broad governance powers means that insiders may have defacto custody of bridged assets. In this context, wide token distribution and governance decentralization become a prerequisite for bridge security.
- Fei protocol proposes a new modular representative governance mechanism:
- Gnosis Safe plans to launch token and spin out project from parent Gnosis:
- Element Finance launches voting vaults as new governance primitive:
- Build Finance faces governance takeover attack:
- Celestia announces Ethereum L2s using proprietary data availability system with Ethereum settlement:
- Osmosis validators reject deficient proposal after last minute community pushback:
- Solana Monke Business NFT project faces conflict with MonkeDAO (community organization for NFT token holders):
- ETHDenver Shows Not All Crypto Communities Are the Same: In a day focused on reforming economics and society, ETHheads discussed “public goods,” Schelling Points and how DAOs can return power to the people.
- Former Presidential Candidate Andrew Yang Launches DAO to Advocate for Web 3: Lobby3 will “prioritize and propose new policy, and aggregate new ideas that need to be top of mind for our leaders.”
- AssangeDAO Raises $38M to Aid WikiLeaks Founder’s Court Battle: The DAO, which is looking to help the whistleblower, has now raised more ether than ConstitutionDAO.
- Football club Manchester United “1992 legends” to create sports DAO: Two former Manchester United football stars, Gary Neville and Paul Scholes, are launching a sport-focused decentralized autonomous organization (DAO) with two Singaporean billionaires.
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