📊State of the DAOs - May 30th
The number of DAO members dropped while the treasury volume increased.
📝DAO News
▪️BitDAO rebrand and token swap are now official.
▪️PWN did a $2M funding raise for its DeFi mortgage protocol.
▪️MakerDAO has a proposal to raise the DAI savings rate from 1% to 3.3%.
▪️Cabin wants to create self-governing decentralized cities with NFT membership.
▪️Conceptual “hybrid rollups” aim to make Ethereum both scalable and secure.
▪️Stargate DAO voted to reduce its exposure to the stablecoin issued by Multichain.
▪️PancakeSwap released a game that offers $CAKE rewards.
👥DAO Proposals
No high-importance proposals yet again, but 40 each of low and medium-importance ones. MakerDAO, Aave, and Index Coop are especially active.
Most proposals again deal with Team (33) and Parameters (31).
🔝Most Active DAOs
Iwan - 143
Pao Pao - 95
PancakeSwap - 56
Index Coop - 29
lovebnbdao - 25
📖Details (with stats, pics, and links) in the full article 👉 here
The number of DAO members dropped while the treasury volume increased.
📝DAO News
▪️BitDAO rebrand and token swap are now official.
▪️PWN did a $2M funding raise for its DeFi mortgage protocol.
▪️MakerDAO has a proposal to raise the DAI savings rate from 1% to 3.3%.
▪️Cabin wants to create self-governing decentralized cities with NFT membership.
▪️Conceptual “hybrid rollups” aim to make Ethereum both scalable and secure.
▪️Stargate DAO voted to reduce its exposure to the stablecoin issued by Multichain.
▪️PancakeSwap released a game that offers $CAKE rewards.
👥DAO Proposals
No high-importance proposals yet again, but 40 each of low and medium-importance ones. MakerDAO, Aave, and Index Coop are especially active.
Most proposals again deal with Team (33) and Parameters (31).
🔝Most Active DAOs
Iwan - 143
Pao Pao - 95
PancakeSwap - 56
Index Coop - 29
lovebnbdao - 25
📖Details (with stats, pics, and links) in the full article 👉 here
👍2
💡DeXe DAO May Update
While development work is ongoing, the community is growing with initiatives like the DeXe Social Activity Party and informational conversations like the one with Deepa of ImpactDAOs.
📌Check out this member-submitted proposal on updated legal strategy.
✅Check out DeXe thought pieces on DAO Money Heist, where savvy criminal operators manipulate DAO governance to enrich themselves. And about Nonsensical DAOs, whose voting and proposal behavior does not seem to serve any actual governance purposes.
Did you hear about a hacker stealing governance and treasury funds from the Tornado Cash DAO? On the other hand, in Passion DAOs, a strong belief in a cause drives useful and beneficial member behavior.
❕In June, there is an upcoming AMA with a legal expert. Pre-ask your burning legal questions via this form.
While development work is ongoing, the community is growing with initiatives like the DeXe Social Activity Party and informational conversations like the one with Deepa of ImpactDAOs.
📌Check out this member-submitted proposal on updated legal strategy.
✅Check out DeXe thought pieces on DAO Money Heist, where savvy criminal operators manipulate DAO governance to enrich themselves. And about Nonsensical DAOs, whose voting and proposal behavior does not seem to serve any actual governance purposes.
Did you hear about a hacker stealing governance and treasury funds from the Tornado Cash DAO? On the other hand, in Passion DAOs, a strong belief in a cause drives useful and beneficial member behavior.
❕In June, there is an upcoming AMA with a legal expert. Pre-ask your burning legal questions via this form.
👍2🔥2
DeFining news: June 2nd, 2023 📢
▪️Deutsche Telekom will become a validator for the Polygon L2 network.
▪️Fantom to start paying developers 15% of any fees their dApps generate.
▪️A group of Australian and US scientists are proposing Bitcoin mining via quantum consensus to make Bitcoin mining faster and more energy efficient.
▪️Curve’s new crvUSD stablecoin is so far trading within just a 0.5% range in its first month.
▪️FDUSD is a stablecoin tied to the USD but under Asian regulations.
▪️Speaking of stablecoins, Circle’s native USDC is coming to Arbitrum, replacing the proxy.
▪️US Federal Reserve’s data shows that fully 10% of US adults hold crypto.
▪️A telegram bot trading memecoins raked in a whopping $4.5M in fees in May.
▪️Jimbos Protocol hacker is ignoring the $800k bounty to return the loot, so it’s now available to the public.
▪️The developers of the Yuan stablecoin have seemingly been arrested.
📖For more details, see the full digest 👉 here
▪️Deutsche Telekom will become a validator for the Polygon L2 network.
▪️Fantom to start paying developers 15% of any fees their dApps generate.
▪️A group of Australian and US scientists are proposing Bitcoin mining via quantum consensus to make Bitcoin mining faster and more energy efficient.
▪️Curve’s new crvUSD stablecoin is so far trading within just a 0.5% range in its first month.
▪️FDUSD is a stablecoin tied to the USD but under Asian regulations.
▪️Speaking of stablecoins, Circle’s native USDC is coming to Arbitrum, replacing the proxy.
▪️US Federal Reserve’s data shows that fully 10% of US adults hold crypto.
▪️A telegram bot trading memecoins raked in a whopping $4.5M in fees in May.
▪️Jimbos Protocol hacker is ignoring the $800k bounty to return the loot, so it’s now available to the public.
▪️The developers of the Yuan stablecoin have seemingly been arrested.
📖For more details, see the full digest 👉 here
❤3
🔥Hey DeXers - get ready to ask your version the one question so many people wonder about crypto "Is it legal?" A well as any other questions related to International Law and various regulations related to crypto.
✅On Monday, June 5th at 16:00 UTC, our DeXe Talk guest will be Taras Zharun and Irina Heaver, two brilliant attorneys who understand the many legal aspects of crypto, including the legal requirements for DAOs in various government jurisdictions.
Any question is welcome, pre-ask yours in this form and our guests will make sure to answer it live.
📌Monday. 16:00 UTC
👉In our Twitter channel
💡Oh, and there will be a raffle among listeners in DEXE. Two simple requirements to enter:
1) Follow DexeNetwork on Twitter
2) Be there for the DAO Talk
See you there!
✅On Monday, June 5th at 16:00 UTC, our DeXe Talk guest will be Taras Zharun and Irina Heaver, two brilliant attorneys who understand the many legal aspects of crypto, including the legal requirements for DAOs in various government jurisdictions.
Any question is welcome, pre-ask yours in this form and our guests will make sure to answer it live.
📌Monday. 16:00 UTC
👉In our Twitter channel
💡Oh, and there will be a raffle among listeners in DEXE. Two simple requirements to enter:
1) Follow DexeNetwork on Twitter
2) Be there for the DAO Talk
See you there!
🔥3
📊State of the DAOs - June 6th
Treasury volume and membership dropped; active membership jumped over 10%.
📝DAO News
▪️ApeDAO has proposed an airdrop to year-one contributors.
▪️Decentraland DAO has passed a proposal to systematize its treasury governance.
▪️Uniswap DAO’s community narrowly voted against implementing protocol fees for v3.
▪️Linea Voyage is a 9-week challenge meant to stress-test the Linea L2 network.
▪️MakerDAO voted to fund Core Artificial Intelligence System (CAIS) with 100,000 DAI and to purchase up to $1.28B of US Treasuries.
▪️LIDO DAO approved 230,000 LDO and 50,000 DAI to fund LEGO’s Community Lifeguards Initiative Pilot.
👥DAO Proposals
33 of low and 12 of medium-importance proposals. Bancor is especially active.
Most proposals deal with Parameters (20), Team (15), and Token (8).
🔝Most Active DAOs
lovebnbdao - 37
tunny - 33
PancakeSwap - 29
PaoPao - 14
AladdinDAO - 14
📖Details (with stats, pics, and links) in the full article 👉 here
Treasury volume and membership dropped; active membership jumped over 10%.
📝DAO News
▪️ApeDAO has proposed an airdrop to year-one contributors.
▪️Decentraland DAO has passed a proposal to systematize its treasury governance.
▪️Uniswap DAO’s community narrowly voted against implementing protocol fees for v3.
▪️Linea Voyage is a 9-week challenge meant to stress-test the Linea L2 network.
▪️MakerDAO voted to fund Core Artificial Intelligence System (CAIS) with 100,000 DAI and to purchase up to $1.28B of US Treasuries.
▪️LIDO DAO approved 230,000 LDO and 50,000 DAI to fund LEGO’s Community Lifeguards Initiative Pilot.
👥DAO Proposals
33 of low and 12 of medium-importance proposals. Bancor is especially active.
Most proposals deal with Parameters (20), Team (15), and Token (8).
🔝Most Active DAOs
lovebnbdao - 37
tunny - 33
PancakeSwap - 29
PaoPao - 14
AladdinDAO - 14
📖Details (with stats, pics, and links) in the full article 👉 here
👍3
✅Hey DeXers - amazing DAO Talk yesterday with a crypto legal expert and also with the creator of a proposal re: legal strategy for the DeXe DAO. Lots of community questions were answered. You can listen to the recording here.
📌And you can check out the proposal itself. Still time to leave comments and help shape the proposal into its best form. Your DAO - your governance!
📌And you can check out the proposal itself. Still time to leave comments and help shape the proposal into its best form. Your DAO - your governance!
❤3
📖Twitter space recap
A few days ago, our DeXe DAO Talks had an interesting discussion with a crypto-native attorney, Irina Heaver, and Taras Zharun — our community member who submitted a proposal in our governance forum about legal strategies for the DeXe DAO.
📌In answering community questions, Taras explained why he saw the need for such a proposal, what legal issues he was anticipating, how the legal entity would be governed, why Switzerland, and more.
✅Irina shared some of her extensive knowledge on the legal issues facing DAOs, including the benefits of having a legal wrapper, why choosing a jurisdiction matters, how a legal entity protects the DAO, why Switzerland moved away from Foundations and towards Associations, and much more.
The discussion was truly eye-opening for understanding the interaction between a DAO's on-chain and off-chain governance. Check out the full recap 👉 here
📍Or listen to the recording here
💬The proposal is still live in our governance forum
A few days ago, our DeXe DAO Talks had an interesting discussion with a crypto-native attorney, Irina Heaver, and Taras Zharun — our community member who submitted a proposal in our governance forum about legal strategies for the DeXe DAO.
📌In answering community questions, Taras explained why he saw the need for such a proposal, what legal issues he was anticipating, how the legal entity would be governed, why Switzerland, and more.
✅Irina shared some of her extensive knowledge on the legal issues facing DAOs, including the benefits of having a legal wrapper, why choosing a jurisdiction matters, how a legal entity protects the DAO, why Switzerland moved away from Foundations and towards Associations, and much more.
The discussion was truly eye-opening for understanding the interaction between a DAO's on-chain and off-chain governance. Check out the full recap 👉 here
📍Or listen to the recording here
💬The proposal is still live in our governance forum
👍3
💡«One token - one vote». This system quickly became dominant in the DAO because of its simplicity and clarity. However, it hides enormous problems. The main one is plutocracy.
❔Why plutocracy is killing DAO and how to change it - read the link below 👇
https://daoism.substack.com/p/the-power-of-the-rich-or-how-plutocracy?sd=pf
❔Why plutocracy is killing DAO and how to change it - read the link below 👇
https://daoism.substack.com/p/the-power-of-the-rich-or-how-plutocracy?sd=pf
🔥3
DeFining news: June 9th, 2023 📢
▪️After the SEC sued Binance, Binance.us suspended USD deposits and may freeze fiat withdrawals altogether.
▪️In suing Coinbase, the SEC is targeting Coinbase Wallet for being an “unregistered broker.”
▪️A judge dismissed the lawsuit against PoolTogether for allegedly running an “illegal lottery.”
▪️DeFi tokens to ETH ratio is down by 80% from ATH. What can that mean?
▪️The EU will use blockchain to verify professional and educational credentials.
▪️SWIFT is exploring cross-chain transfers for tokenized assets in partnership with banks around the world.
▪️Aave is getting ready to launch its GHO stablecoin, pending community feedback.
▪️Tel Aviv Stock Exchange test tokenized a made-up government bond via an ERC-1155 security token.
▪️Atomic Wallet was hacked for $35M, with $8M of that coming from one user. Ouch.
▪️Rocket Pool is launching rETH on zkSync Era to rival Lido.
📖For more details, see the full digest 👉 here
▪️After the SEC sued Binance, Binance.us suspended USD deposits and may freeze fiat withdrawals altogether.
▪️In suing Coinbase, the SEC is targeting Coinbase Wallet for being an “unregistered broker.”
▪️A judge dismissed the lawsuit against PoolTogether for allegedly running an “illegal lottery.”
▪️DeFi tokens to ETH ratio is down by 80% from ATH. What can that mean?
▪️The EU will use blockchain to verify professional and educational credentials.
▪️SWIFT is exploring cross-chain transfers for tokenized assets in partnership with banks around the world.
▪️Aave is getting ready to launch its GHO stablecoin, pending community feedback.
▪️Tel Aviv Stock Exchange test tokenized a made-up government bond via an ERC-1155 security token.
▪️Atomic Wallet was hacked for $35M, with $8M of that coming from one user. Ouch.
▪️Rocket Pool is launching rETH on zkSync Era to rival Lido.
📖For more details, see the full digest 👉 here
👍2
Yes, DAOs are not only online! On June 11th, members of the DeXe DAO attended the Incrypted Conference in Kyiv, Ukraine.
✅This conference drew large and varied participation both online and offline. On June 10th, it included a marathon of 15+ speakers from well-known crypto projects such as Trust Wallet, Filecoin, Chainalisys, WhiteBIT, 1inch, Celo, Bitkeep, Aurora, Hacken, Intropia, GSR, Allbridge, and Halborn.
🔥On June 11th, in-person presentation and discussions took place, including a panel discussion with the Ministry of Digital Transformation of Ukraine and a presentation from a DeXe DAO member, who spoke about our DAO - talking about the importance and potential of DAOs and representing us well.
📖 Check out the details about the conference 👉 here
✅This conference drew large and varied participation both online and offline. On June 10th, it included a marathon of 15+ speakers from well-known crypto projects such as Trust Wallet, Filecoin, Chainalisys, WhiteBIT, 1inch, Celo, Bitkeep, Aurora, Hacken, Intropia, GSR, Allbridge, and Halborn.
🔥On June 11th, in-person presentation and discussions took place, including a panel discussion with the Ministry of Digital Transformation of Ukraine and a presentation from a DeXe DAO member, who spoke about our DAO - talking about the importance and potential of DAOs and representing us well.
📖 Check out the details about the conference 👉 here
👍5🔥3
📊State of the DAOs - June 13th
The $3.8B treasury drop is mostly due to overall crypto prices.
📝DAO News
▪️The CFTC forced Ookie DAO to shut down trading operations.
▪️The 1inch DAO is bringing its hardware wallet product to development.
▪️Liquid staking protocol, Swell, is trying to incentivize users with a “Voyage airdrop.”
▪️Stargate’s community voted on several proposals to rebalance the protocol.
▪️ApeCoin DAO established a Metaverse Working Group while having to defend its salaries.
▪️Rarible’s community approved a rewards program to try catching up to competitors.
▪️dYdX’s community voted to extend and fund its operational subDAO.
👥DAO Proposals
Just one high-importance proposal amid 15 mid- and 52 low-importance ones.
Most proposals deal with Parameters (35) and Team (23).
🔝Most Active DAOs
lovebnbdao - 27
PancakeSwap - 23
Decentraland - 13
Bancor - 11
Index Coop - 10
📖Details (with stats, pics, and links) in the full article 👉 here
The $3.8B treasury drop is mostly due to overall crypto prices.
📝DAO News
▪️The CFTC forced Ookie DAO to shut down trading operations.
▪️The 1inch DAO is bringing its hardware wallet product to development.
▪️Liquid staking protocol, Swell, is trying to incentivize users with a “Voyage airdrop.”
▪️Stargate’s community voted on several proposals to rebalance the protocol.
▪️ApeCoin DAO established a Metaverse Working Group while having to defend its salaries.
▪️Rarible’s community approved a rewards program to try catching up to competitors.
▪️dYdX’s community voted to extend and fund its operational subDAO.
👥DAO Proposals
Just one high-importance proposal amid 15 mid- and 52 low-importance ones.
Most proposals deal with Parameters (35) and Team (23).
🔝Most Active DAOs
lovebnbdao - 27
PancakeSwap - 23
Decentraland - 13
Bancor - 11
Index Coop - 10
📖Details (with stats, pics, and links) in the full article 👉 here
🔥2
✅ Are you in a DAO without knowing it? A case study.
📍We normally think of DAOs as blockchain-based organizations with a governance token, on/offchain voting, a treasury, etc. But there are currently millions of groups around the world organized essentially as a DAO without even suspecting it. In fact, you may already be a member of a few.
❓Have you ever been part of a secret Telegram chat group where trading alpha is discussed? Such groups act a lot like a DAO in how they handle membership, governance, treasury management and more.
They could also benefit from formally becoming a DAO.
📖 How? Find out all the details of how these groups are DAO-like and how they could be DAOing better in the full article 👉 here
📍We normally think of DAOs as blockchain-based organizations with a governance token, on/offchain voting, a treasury, etc. But there are currently millions of groups around the world organized essentially as a DAO without even suspecting it. In fact, you may already be a member of a few.
❓Have you ever been part of a secret Telegram chat group where trading alpha is discussed? Such groups act a lot like a DAO in how they handle membership, governance, treasury management and more.
They could also benefit from formally becoming a DAO.
📖 How? Find out all the details of how these groups are DAO-like and how they could be DAOing better in the full article 👉 here
👍3
🔥Hey DeXers, the Legal Strategy proposal is moving up in the world.
It got enough voting support at the discussion stage to move to the voting stage. This means: it's up for voting right NOW. Yay/Nay? It's totally your call.
PS. You can vote on either ETH or BSC.
✅Go cast your vote
It got enough voting support at the discussion stage to move to the voting stage. This means: it's up for voting right NOW. Yay/Nay? It's totally your call.
PS. You can vote on either ETH or BSC.
✅Go cast your vote
👍2
DeFining news: June 16th, 2023 📢
▪️Lens protocol raised $15M in seed funding and released an Open Governance Framework.
▪️A new DeFi options trading platform, Synquote, is using social logins and undercollateralized trading.
▪️Tether dipped as low as $0.994 ahead of potentially damaging news.
▪️An AWS outage took down or slowed down a number of Web3 services.
▪️A little-known crypto firm, Prometheum, is giving Congressional testimony on crypto regulation (while also having ex-regulators on their staff).
▪️Polygon has unveiled its 2.0 Roadmap and it’s definitely zk-powered.
▪️Uniswap’s v4 code preview: Limit Orders, Auto-compounding, Dynamic Fees, and TWAMM.
▪️Is Aaave’s proposal to limit a particular wallet from accumulating too much debt a violation of DeFi principles?
▪️US Republicans are trying to push out the SEC Chairman.
▪️NFTs backed by staked ETH are now a thing, thanks to Ether.fi.
📖For more details, see the full digest 👉 here
▪️Lens protocol raised $15M in seed funding and released an Open Governance Framework.
▪️A new DeFi options trading platform, Synquote, is using social logins and undercollateralized trading.
▪️Tether dipped as low as $0.994 ahead of potentially damaging news.
▪️An AWS outage took down or slowed down a number of Web3 services.
▪️A little-known crypto firm, Prometheum, is giving Congressional testimony on crypto regulation (while also having ex-regulators on their staff).
▪️Polygon has unveiled its 2.0 Roadmap and it’s definitely zk-powered.
▪️Uniswap’s v4 code preview: Limit Orders, Auto-compounding, Dynamic Fees, and TWAMM.
▪️Is Aaave’s proposal to limit a particular wallet from accumulating too much debt a violation of DeFi principles?
▪️US Republicans are trying to push out the SEC Chairman.
▪️NFTs backed by staked ETH are now a thing, thanks to Ether.fi.
📖For more details, see the full digest 👉 here
❤1🙏1
✅ Heads up, DeXers: the next DAO Talk on our Twitter Space will be on Tuesday, June 20th 14:00 UTC.
📌Our guest will be Bryan Petes, co-founder of Sobol and a veteran participant of many prominent DAOs.
We'll talk about the good, bad, and the ugly of the recent wave of DAOs, how to keep DAOs sustainable beyond immediate goals, new governance models, and the stories that drive DAOs (among other things).
Remember, these are your DAO Talks, so join the Twitter Space and ask a question to be part of the discussion.
💡Oh, and there will be a raffle among listeners in DEXE. Two simple requirements to enter:
1) Follow DexeNetwork on Twitter
2) Be there for the DAO Talk
🔥See you there!
📌Our guest will be Bryan Petes, co-founder of Sobol and a veteran participant of many prominent DAOs.
We'll talk about the good, bad, and the ugly of the recent wave of DAOs, how to keep DAOs sustainable beyond immediate goals, new governance models, and the stories that drive DAOs (among other things).
Remember, these are your DAO Talks, so join the Twitter Space and ask a question to be part of the discussion.
💡Oh, and there will be a raffle among listeners in DEXE. Two simple requirements to enter:
1) Follow DexeNetwork on Twitter
2) Be there for the DAO Talk
🔥See you there!
👍4
🔥It's tomorrow!
@ 14:00 UTC.
📌The Twitter Space DAO Talk Bryan Petes, co-founder of Sobol.
Looking forward to a conversation on keeping DAOs going with novel governance structures and sustained motivation. And whatever you ask - make sure to join in and ask your questions.
💡Oh, and there will be a raffle among listeners in DEXE!
@ 14:00 UTC.
📌The Twitter Space DAO Talk Bryan Petes, co-founder of Sobol.
Looking forward to a conversation on keeping DAOs going with novel governance structures and sustained motivation. And whatever you ask - make sure to join in and ask your questions.
💡Oh, and there will be a raffle among listeners in DEXE!
👍3
💡Hey DeXers - did you see? Our DAO has a new approved proposal.
Submitted by our community member, the Approval of Legal Strategy for DeXe Protocol proposal, passed the quorum threshold and was approved yesterday.
❔What was this proposal all about? Refresh your memory here
Submitted by our community member, the Approval of Legal Strategy for DeXe Protocol proposal, passed the quorum threshold and was approved yesterday.
❔What was this proposal all about? Refresh your memory here
👍2🔥1
📊State of the DAOs - June 20th
Treasuries are going back up. And the percentage of actively engaged users keeps growing.
📝DAO News
▪️Balancer DAO decided to spend its 3M ARB allocation on LP deployment and incentives.
▪️The v4 version of Uniswap could be a big step up for decentralization.
▪️VitaDAO voted to create an operating entity to coordinate among its working groups.
▪️A number of DAOs participated in Lens Protocol’s $15M raise.
▪️Idle DAO’s stkIDLE staking didn’t meet its goals and will be ending.
▪️France’s markets regulator, for one, wants global rules for DAOs.
▪️ENS DAO elected stewarts for 3 working groups.
▪️zkSync ID plans a 750k USDT airdrop to its community.
👥DAO Proposals
No high-importance proposals. Only 12 mid- and 39 low-importance ones.
Most proposals deal with Parameters (22) and Team (20).
🔝Most Active DAOs
PancakeSwap - 145
matic - 138
skgame - 114
lovebnbdao - 94
Polygon/Matic-named DAOs - 91
📖Details (with stats, pics, and links) in the full article 👉 here
Treasuries are going back up. And the percentage of actively engaged users keeps growing.
📝DAO News
▪️Balancer DAO decided to spend its 3M ARB allocation on LP deployment and incentives.
▪️The v4 version of Uniswap could be a big step up for decentralization.
▪️VitaDAO voted to create an operating entity to coordinate among its working groups.
▪️A number of DAOs participated in Lens Protocol’s $15M raise.
▪️Idle DAO’s stkIDLE staking didn’t meet its goals and will be ending.
▪️France’s markets regulator, for one, wants global rules for DAOs.
▪️ENS DAO elected stewarts for 3 working groups.
▪️zkSync ID plans a 750k USDT airdrop to its community.
👥DAO Proposals
No high-importance proposals. Only 12 mid- and 39 low-importance ones.
Most proposals deal with Parameters (22) and Team (20).
🔝Most Active DAOs
PancakeSwap - 145
matic - 138
skgame - 114
lovebnbdao - 94
Polygon/Matic-named DAOs - 91
📖Details (with stats, pics, and links) in the full article 👉 here
👍2
Is the United Nations a DAO in disguise?
📌People usually talk about DAOs as principally new ways to organize, which is certainly true in technical implementation. But in practical terms, DAOs exist all around us in one way or another. We recently explored how various chat groups are de facto DAOs. But what about a massive organization that everybody knows? Is the United Nations itself a DAO? Considering it may be about to undergo a major test of its structure (more on that below), the UN is a great example to explore.
✅ Its membership structure, proposals and voting, and working groups all act in a way reminiscent of DAOs. Its Security Council is similar to a validator group. Yet, the UN lacks the mechanisms to make it decentralized and autonomous.
💡Maybe it could get there, though. Could the UN become more like a real DAO? And how?
These questions are explored in the full article 👉 here
📌People usually talk about DAOs as principally new ways to organize, which is certainly true in technical implementation. But in practical terms, DAOs exist all around us in one way or another. We recently explored how various chat groups are de facto DAOs. But what about a massive organization that everybody knows? Is the United Nations itself a DAO? Considering it may be about to undergo a major test of its structure (more on that below), the UN is a great example to explore.
✅ Its membership structure, proposals and voting, and working groups all act in a way reminiscent of DAOs. Its Security Council is similar to a validator group. Yet, the UN lacks the mechanisms to make it decentralized and autonomous.
💡Maybe it could get there, though. Could the UN become more like a real DAO? And how?
These questions are explored in the full article 👉 here
DeFining news: June 23rd, 2023 📢
▪️BNB launched a testnet of an L2 powered by Optimism-based rollups.
▪️curveUSD may soon be collateralized by wBTC and native ETH. Meanwhile, Curve Finance co-founder wallet’s debt may pose systemic risk.
▪️EU’s Cryptopay crypto debit card has lost the EMI (Electronic Money Institution) license, while Ramp expanded its on-ramp services to 40 new fiat currencies.
▪️Crypto detective Zack XBT has already raised $1M for his legal defense fund.
▪️Ledger releases a whitepaper for a seed recovery tool.
▪️Faroe Islands postal service issues NFT-embedded stamps.
▪️Uniswap decided to use Wormhole and Axelar for cross-chain bridging.
▪️EigenLayer just launched an ETH restaking protocol.
▪️Starknet’s Kakaot testnet is a step closer to EVM compatibility.
📖For more details, see the full digest 👉 here
▪️BNB launched a testnet of an L2 powered by Optimism-based rollups.
▪️curveUSD may soon be collateralized by wBTC and native ETH. Meanwhile, Curve Finance co-founder wallet’s debt may pose systemic risk.
▪️EU’s Cryptopay crypto debit card has lost the EMI (Electronic Money Institution) license, while Ramp expanded its on-ramp services to 40 new fiat currencies.
▪️Crypto detective Zack XBT has already raised $1M for his legal defense fund.
▪️Ledger releases a whitepaper for a seed recovery tool.
▪️Faroe Islands postal service issues NFT-embedded stamps.
▪️Uniswap decided to use Wormhole and Axelar for cross-chain bridging.
▪️EigenLayer just launched an ETH restaking protocol.
▪️Starknet’s Kakaot testnet is a step closer to EVM compatibility.
📖For more details, see the full digest 👉 here
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💡Hey DeXers, our next DAO Talk is tomorrow @ 17:00 UTC.
Joining us is Ben West, the Grant Program Lead at Gitcoin and a strong voice for new climate solutions.
✅We’ll talk about the role of grants in driving the growth of public good DAOs, about helping the environment, and other interesting topics.
📍Oh, and there will be a raffle among listeners in DEXE. Two simple requirements to enter:
1) Follow DexeNetwork on Twitter
2) Be there for the DAO Talk
Join us and being some questions!🔥
Joining us is Ben West, the Grant Program Lead at Gitcoin and a strong voice for new climate solutions.
✅We’ll talk about the role of grants in driving the growth of public good DAOs, about helping the environment, and other interesting topics.
📍Oh, and there will be a raffle among listeners in DEXE. Two simple requirements to enter:
1) Follow DexeNetwork on Twitter
2) Be there for the DAO Talk
Join us and being some questions!🔥
👍4