📊State of the DAOs - August 31st

DAO membership keeps growing.

📝DAO News

▪️Polygon launched a Chain Development Kit (CDK)

▪️FWB DAO’s community narrowly rejected the proposal to shift to a 3-person leadership council

▪️dYdX has extended its grants program by another 6 months

▪️Decentraland DAO’s community ratified a freeze on spending

▪️Aura DAO’s community voted to use 150k OP tokens granted to it by Optimism to enhance the Balancer ecosystem there

▪️MetFi DAO launched “the first 100% AI-powered Blockchain Learn-to-Earn game”

▪️RARE staking protocol is coming to Ethereum

▪️1inch DAO’s Constitution is coming via Stablelab, which received a $26k USDC grant to write it

👥DAO Proposals

14 each of mid- and low-importance proposals, most about Parameters (8) and Team (12). Frax and Osmosis most active

🔝Most active members by DAO

Stargate Finance - 929.2k
SyncSwap - 220.9k
Arbitrum One - 201k
PancakeSwap - 130.8k
Optimism Collective - 88.7k

📖Details (with pics) in the full article 👉 here

💡DeXe DAO August Update

🔥With the work on developing the DeXe Protocol continues, an independent audit proposal passed and has already been followed by audits from Ambisafe and Hacken.

🎙Our DeXe’s DAO Talk Twitter Spaces guests were:

▪️Eyal of DeepDAO, an amazing DAO dashboard
▪️Our first panel featuring Ben West of Gitcoin Grants and Deepa Chaudhary of Impact DAO (plus a surprise guest)
▪️Crews Enochs from the legendary Index Coop
▪️Sarah Hodsdon, a creator champion of DAOs for makers

📌All our live spaces are available on YouTube, Apple Podcasts, and Spotify via this link. Weekly DAO digests are announced here on Thursdays.

🏆Another quest on Zealy has launched with new ways to show support for DeXe and a prize pool.

✅DeXe contributors continue sharing their DAO journey via articles, including two on Hackernoon (one with tips for new DAO creators and one discussing various legal frameworks for DAOs), plus one on Speka (in Ukrainian) about launching DAOs.

See you in September!

❕There are just a few thoughts about how delegating dead votes of tokens stuck in DAO treasuries could change the governance system. Wonder if it’s possible to use token delegation to even out governance, to make it more fair and equitable.

❔Can those dead token votes bring more stakeholders into the fold? Can it increase the effectiveness and amount of proposals? Can it prevent exploits and other issues from derailing the DAO? These are just some questions for the DAO community.

📖 Details in the full article 👉 here

📊State of the DAOs - September 7th

Some consolidation in DAO treasuries did not lead to a slowdown in activity.

📝DAO News

▪️MakerDAO co-founder proposes to fork Solana’s codebase for a native chain.

▪️Lido asked to spend $1.5M to expand Solana liquid staking.

▪️Uniswap to spend 2 million ARB on Gauntlet and Gamma Strategies liquidity incentive proposals.

▪️Is Constitution DAO really pivoting to AI?

▪️Is Vance Spencer right that AI is the “missing piece” for DAOs?

▪️Decentraland passed proposal to let the community decide on grant revocations.

▪️Decentral Games DAO will use 20% of its casino profits to buy back $ICE and burn it.

▪️Airbitrum passed proposal to integrate with Rarible’s open-source protocol.

👥DAO Proposals

25 mid- and 31 low-importance proposals, most about Parameters (13) and Team (25).

🔝Most active members by DAO

Stargate Finance - 929.4k
SyncSwap - 220.9k
Arbitrum One - 201.9k
PancakeSwap - 130.9k
Optimism Collective - 88.7k

📖Details (with pics) in the full article 👉 here

💡Hey DeXers! We are excited to announce that a new bridge is now live for $DEXE — and it's none other than the highly reputable Wormhole bridge.

Wormhole is a well-trusted bridge that has proven itself highly capable of moving tokens between chains. Now, you can safely and smoothly transfer your $DEXE tokens from the BNB chain to the ETH chain.

📌 A new $DEXE contract for the BNB chain has been deployed.
Contract address: 0x6E88056E8376Ae7709496Ba64d37fa2f8015ce3e
❕ You'll need to swap your $DEXE on the BNB Chain. Follow the detailed instructions 👉 here

✅Stay safe, and thank you for being a part of the DeXe community!

❔What actually motivates DAO delegates?

One of the major differences between DAOs and other types of crypto projects where people can buy shares in the form of tokens is that DAO tokens give holders voting power in the DAO, which, of course, is why they’re called governance tokens. But are they actually being used for voting?

🔺Apparently, the current answer is a lot closer to No than to Yes. Unique voter turnout hovers around 7-20% of all tokens held, often dipping much lower.

Could delegating tokens to those who want to actively vote help? Unfortunately, delegation is coming up with the same shortfalls as voting in general. Around 55% of delegates across DAOs have never cast a vote.

Clearly, delegates are not currently motivated to vote. So what could motivate delegates to actively — and meaningfully — use the voting power delegated to them?

✔️We discuss delegate motivation in detail and ask some hard questions in the full article 👉 here

💡Hey DeXers, our next DAO Talk Panel is on Tuesday, September 12th @ 16:00 UTC.

Theme: What actually motivates DAO delegates? Expect a lively discussion between:

▪️Bruno Skvorc, the Founder of RMRK.app and co-founder of CypherMOD
▪️Mahesh Murthy, the Founder of Karma
▪️PaperImperium of GFX Labs

✅ Each guest has a unique experience with DAOs and delegation. Will their views on delegate motivation clash or will they find common ground? Are delegates motivated purely by financial gains? Well, how could those be optimized for effective governance? What if they're not, though — what other motivation could work? Our guests will debate these and other questions.

📍Listeners will get a POAP

Join us on Tuesday and bring some questions!🔥

Meet DeXe in Singapore at TOKEN2049 next week.

Excited to announce that our contributor, Dmytro Kotliarov, will be representing DeXe! 🚀 A fantastic opportunity to forge new connections with DAOs and engage in strategic partnerships.

Who else is gonna be there? Let’s connect.

❕Mark Zuckerberg made a real revolution by creating Facebook - after, the era of social media began.

✅However, in recent years, social networks have become increasingly degraded: we have stopped seeing new things and more and more often use social networks just to kill time.

❔But perhaps it is time for new revolutions? Decentralized revolutions?

📌In our new article on Substack we talk about decentralized social networks,

Read at the link below 👇👇👇
https://daoism.substack.com/p/unchaining-social-media-exploring

Certik completes its audit of DeXe 🔥

✅DeXe smart-contracts have passed an audit from Certik. DeXe’s smart-contracts received an overall security score of A.

DeXe was evaluated in six categories:

▪️Fundamental Health
▪️Operational Resilience
▪️Governance Strength
▪️Market Stability
▪️Community Trust
▪️Code Security

📌In this way, Certik’s audit included comprehensive coverage of the various different areas that determine a protocol’s health. The details of the Certik audit are available here.

📖Details in the full article 👉 here

📊State of the DAOs - September 14th

A quiet week for DAO activity accompanied a dip in the market.

📝DAO News

▪️25% of Nouns DAO NFT holders decided to rage quit.

▪️Arbitrum’s usage metrics decline.

▪️Lido is assuring the public that all LDO and stETH are safe despite “fake deposit” attacks.

▪️The decentralized Infura launch may be imminent.

▪️Coinbase Prime’s upcoming Web3 wallet may give institutions a way to vote on DAO proposals.

▪️ApeCoin DAO is facing severe pessimism about its direction.

▪️Sushi is expanding to the Aptos blockchain.

▪️Polygon Labs used an interesting “apple orchard” analogy in asking U.S. Senators for reasonable crypto taxation.

👥DAO Proposals

1 high-, 15 mid- and 9 low-importance proposals, most focused on Team (10). Osmosis is especially active.

🔝Most active members by DAO

Stargate Finance - 8,927,362
Magic Square - 6,659,112
Aave - 2,291,963
Optimism - 1,142,373
Lenster - 747,632

📖Details (with stats, pics, and links) in the full article 👉 here

❔Is the DAO evolution going in the right direction?

📈DAOs have come a long way in a seemingly short time. Certainly, DAOs have evolved from simple theoretical constructs to complex and varied governance structures with thousands of members and real-world use cases. Yet, has that evolution been going in the right direction? Or is it falling far short of its full potential?

📖We explore those and other questions in the full article 👉 here

💡Hey DeXers, our next DAO Talk Panel is on Tuesday, September 19th @ 16:00 UTC.

The topic of the panel is: "Has the DAO evolution been stunted?"

✅ The panelists for this one are:

▪️Dr. Nick of FactoryDAO: The DAO that builds DAOs.
▪️Mia Bao of the Beep Crypto, ThePass, and WHALEMembers fame.
▪️Bruno Skvorc, Founder of RMRK.app and Co-founder of CypherMOD.

We will talk about the long way DAOs have come but also everything that didn't quite go as planned. What's keeping DAOs from reaching their potential? Let's explore together!

📍Listeners will get a POAP

Join us on Tuesday and bring some questions!🔥

🔥Token2049 brings together the best of DeFi

📌For a week around September 18th-19th, Singapore became the stage for Token2049 and over 400+ side events, with 10,000 people attending.

✅Bringing together people from all over the world, this was the place to be for learning, connecting, and presenting what you’re working on. Vitalik’s Account Abstraction talk was pure brilliance, as always. And that was just the beginning…

📖Read the recap of Token2049 in greater detail in the full article 👉 here

🤝DeXe DAO and LTO Network take on real-world assets by bringing tradeable company shares on-chain.

DeXe DAO, and LTO Network announced a joint initiative today to support R&D matters that explore using both project's technologies to achieve a closer relationship between on-chain activity and assets in business and legal entities.

LTO Network's unique hybrid-blockchain offers identity data as well as advanced classes of digital assets in a privacy-aware platform that is GDPR compliant.

DeXe DAO and LTO Network plan to explore how DeXe DAO can utilize these capabilities to enhance the ability for real-world assets to be utilized by Web3 and blockchain-based applications. 🔥

Read more 👉 link

📊State of the DAOs - September 21st

BitDAO’s treasury regains the top spot while Magic Square’s lifetime vote count reaches 8 figures

📝DAO News

▪️Polygon 2.0 - the “value layer” of Web3?

▪️CoffeeDAO is giving COFFEE tokens to people purchasing coffee in local coffee shops

▪️Mantle Network has launched a $200M ecosystem development fund

▪️Polkadot OpenGov is having some controversial side effects

▪️The Nouns DAO fork passed, with around half of its NFT holders taking the fork and $27M in ETH with them

▪️ApeCoin DAO has a proposal to establish a sister DAO for the purpose of buying influential NFTs

▪️DeFi protocol Gro DAO voted to dissolve itself

👥DAO Proposals

18 mid- and 20 low-importance proposals this week

Most proposals deal with Team (10), Governance (7), and Parameters (7).

🔝DAOs with the most lifetime votes:

Magic Square - 11,295,255
Stargate Finance - 9,870,526
Aave - 2,488,125
Optimism - 1,142,373
Arbitrum - 865,328

📖 Details in the full article 👉 here

❕Polkadot’s OpenGov: Best intentions, controversial outcomes

Polkadot is a well-known DAO that recently tried to make DAOs both more democratic and more efficient by launching the Polkadot OpenGov platform.

📌Unfortunately, that decision may have backfired as it resulted in funding proposals from long-term contributors being routinely rejected. This may be the triumph of democracy or the tragedy of inexperience.

✅Either way, there is a big controversy brewing with lots of questions to answer.

📖We explore it in detail in the full article 👉 here

💡Hey DeXers, our next DAO Talk Panel is on Tuesday, September 26th @ 16:00 UTC.

The topic of the panel is: "Notifications: Are they getting through?"

✅ The panelists for this one are:

▪️ Paulo Fonseca of Senate, which specializes in proposal notifications
▪️ dekanbro - Early member of MetaCartel, and summoner of DAOhaus and Raid Guild

We'll debate how well DAO notifications are working and what can be done to improve them.

📍Listeners will get a POAP

Join us on Tuesday and bring some questions!🔥

✅Hey DeXers - the updated $DEXE token on the BNB Chain can now be deposited to and withdrawn from KuCoin.

❗️KuCoin no longer supports deposits and withdrawals of the not updated $DEXE tokens.

The new $DEXE contract address: 0x6E88056E8376Ae7709496Ba64d37fa2f8015ce3e

⚠️Follow the datailed instructions how to swap your tokens here👉 link

🔥Welcome to the new phase of the DeXe Protocol!

We're thrilled to unveil our rebranding, a symbol of evolution and commitment to our mission.

📌Thanks to not only new features and updates but also very careful calibration of the DeXe Protocol, we believe it is now ready to serve as the bedrock of modern, effective, and democratic DAOs. Combining the best of both technological and human solutions, the DeXe Protocol is ready for anyone who wants to build and govern a DAO based on Motivation, Transparency, and Community.

💡Simultaneously, we’re excited to introduce the first product built on the DeXe Protocol — the DeXe DAO Studio!

✅The DeXe DAO Studio is an advanced platform to create DAOs and govern every aspect of them. All in one place with no technical barriers.
It's time to fulfill the vision of true decentralized governance.

📖 Read more 👉 here

❕And go check out the dexe.network!