🚨Hey DeXers - did you catch DeXe being mentioned in Coinpedia just now? They just published a fascinating article about better alternatives to using multisig wallets for DAO governance. And guess who they found to have the best solution? D_X_. 😉
Currently, DAOs are using multisig wallets to govern and even issue rewards like airdrops. But there are much more decentralized and fair ways of doing both governance and rewarding of members. And Coinpedia's article does a great dive into the how and why.
Read it fresh off the presses right here.
Currently, DAOs are using multisig wallets to govern and even issue rewards like airdrops. But there are much more decentralized and fair ways of doing both governance and rewarding of members. And Coinpedia's article does a great dive into the how and why.
Read it fresh off the presses right here.
CoinPedia
Beyond Multisig: Decentralizing DAO Governance
A DAO is supposed to demonstrate how organizations can be decentralized and autonomous by, among other things, letting the community govern the DAO
🔥Just like that the 4-month Ambassador Program is over. Created by a DeXe DAO member and enthusiastically voted in by the community, this is one for the history books.
Get all the juiciest stats and learn about some of the unexpected positive consequences in the full article 👉 here
Get all the juiciest stats and learn about some of the unexpected positive consequences in the full article 👉 here
🏆Super Bowl is here - and YOU can be the winner.
Share your predictions for the Super Bowl winner and the final score using #TouchdownKuCoin
and you may become one of the winners sharing rewards from the NFT prize pool.
❕Rules are simple:
1. Follow Twitter @DexeNetwork @KuCoincom
2. RT this tweet
3. Comment with your prediction (winner and score)
4. Only entries before the start of the game will be considered
Game on and good luck! 😎
Share your predictions for the Super Bowl winner and the final score using #TouchdownKuCoin
and you may become one of the winners sharing rewards from the NFT prize pool.
❕Rules are simple:
1. Follow Twitter @DexeNetwork @KuCoincom
2. RT this tweet
3. Comment with your prediction (winner and score)
4. Only entries before the start of the game will be considered
Game on and good luck! 😎
✅DAO treasury uses are limited only by member imagination (and voting)
DAOs give members governance power. But money is still power, and being able to manage the DAO treasury in a decentralized and autonomous way is a sign of a well-functioning DAO.
📌Treasury funds could be invested, distributed, used for marketing, or serve as payments for services. It’s really up to the members.
Learn about some possibilities for DAO treasury management uses in the full article 👉 here
DAOs give members governance power. But money is still power, and being able to manage the DAO treasury in a decentralized and autonomous way is a sign of a well-functioning DAO.
📌Treasury funds could be invested, distributed, used for marketing, or serve as payments for services. It’s really up to the members.
Learn about some possibilities for DAO treasury management uses in the full article 👉 here
Hey DeXers - tune in on Friday, February 17th at 12PM UTC for a very special KuKoin AMA where the guest will be... 🥁🥁🥁
Our CMO, Roman Melnyk. He'll talk about DAOs today and their prospect in the near future. Of course, Roman will drop some deep knowledge about our very own DAO and asset management protocol.
Here is the link for the live event.
And yes - there will be prizes to win!
🎁 550 DEXE in total
- Twitter: 20 winners will get 12.75 DEXE each
- Questions at the AMA🗣 : 5 best questions get 8 DEXE each
- Post AMA quiz: 20 winners will get 12.75 DEXE each
Make sure to sign up on KuCoin to receive the rewards.
Our CMO, Roman Melnyk. He'll talk about DAOs today and their prospect in the near future. Of course, Roman will drop some deep knowledge about our very own DAO and asset management protocol.
Here is the link for the live event.
And yes - there will be prizes to win!
🎁 550 DEXE in total
- Twitter: 20 winners will get 12.75 DEXE each
- Questions at the AMA🗣 : 5 best questions get 8 DEXE each
- Post AMA quiz: 20 winners will get 12.75 DEXE each
Make sure to sign up on KuCoin to receive the rewards.
🎉Congrats to the winners of the 4th (and final) round of the first Ambassador Program created entirely by our DAO members.
Good job competing until the end and earning your $DEXE!
Here is the list of winners
📌This Ambassador Program was simply amazing. And it's all about you. So if you have an initiative for the DAO you want to come alive, just post a detailed proposal and get the community to support it with votes.
Start here
🔥Very proud of our community!!
Good job competing until the end and earning your $DEXE!
Here is the list of winners
📌This Ambassador Program was simply amazing. And it's all about you. So if you have an initiative for the DAO you want to come alive, just post a detailed proposal and get the community to support it with votes.
Start here
🔥Very proud of our community!!
💡Hey DeXers - wen Hackernoon? Today! We talked to the legendary crypto news resource about the DAO structure being the future of large corporations.
Some forward thinking ones, like Toyota, are already on their path to implementing DAO structure components. Whether by social rating or another system that recognizes active, useful member participation in governance, organizations will become stronger and fairer by adopting DAO principles.
✅DAOs can have a major positive impact on corporate recruiting, security, automation, and other processes. When you see this happening, remember that we saw it coming. Read about his thoughts in detail — here.
Some forward thinking ones, like Toyota, are already on their path to implementing DAO structure components. Whether by social rating or another system that recognizes active, useful member participation in governance, organizations will become stronger and fairer by adopting DAO principles.
✅DAOs can have a major positive impact on corporate recruiting, security, automation, and other processes. When you see this happening, remember that we saw it coming. Read about his thoughts in detail — here.
❔Is on-chain or off-chain voting better?
On-chain voting is the most blockchain thing to do and makes sense for DAOs… in theory. But it’s costly to voters and developers, and may not even be needed. Yet, off-chain voting lacks the kind of historical permanence of on-chain voting. So, which one is a DAO to choose?
✅Read our thoughts (and a few ideas) in the full article » here
On-chain voting is the most blockchain thing to do and makes sense for DAOs… in theory. But it’s costly to voters and developers, and may not even be needed. Yet, off-chain voting lacks the kind of historical permanence of on-chain voting. So, which one is a DAO to choose?
✅Read our thoughts (and a few ideas) in the full article » here
🔥1
📌Never a dull week in DeFi. NFT wars are heating up, Arbitrum just passed Ethereum, great bots don’t always make great drops, and judges take emojis very seriously. Read the DeFi digest in detail 👉 here
🔥4
‼️Heads up, DeXers!
$DEXE will be integratiing with Multichain to provide DeFi bridging capabilities.
For the migration to go smoothly, $DEXE deposits and withdrawals will be closed temporarily on Binance.
Thanks for your patience! The new bridging experience awaits.😉
$DEXE will be integratiing with Multichain to provide DeFi bridging capabilities.
For the migration to go smoothly, $DEXE deposits and withdrawals will be closed temporarily on Binance.
Thanks for your patience! The new bridging experience awaits.😉
👍12🔥3❤1
🌸Happy First Day of Spring! In the first two months of 2023…
• The DeXe DAO’s inaugural Ambassador Program partnered with Kattana.io for its 4th (and final) stage.
• Crypto media wrote a lot about DeXe: Crypto.news in their article on DAO treasury diversification and Coinpedia about better alternatives to multisig-based DAO governance.
• Our Co-Founder, Dmitriy, represented DeXe at Davos and the invite-only Satoshi Roundtable. We talked to Hackernoon about how DAO structures can improve large corporations.
• Our CMO, did an AMA with KuKoin.
• Team members represented DeXe far and wide: from Crypto & Blockchain in Ukraine 2023 all the way to an event in Delaware, USA.
•$DEXE is one of the favorites at Huobi. It was included in Crypto Dep’s top projects with a market cap of <$200M and top DAO projects by social activity. Our token was also the top gainer by weekly volume according to Cryptolaxy.
Read more 👉 link
March is here, so stay tuned 👀
• The DeXe DAO’s inaugural Ambassador Program partnered with Kattana.io for its 4th (and final) stage.
• Crypto media wrote a lot about DeXe: Crypto.news in their article on DAO treasury diversification and Coinpedia about better alternatives to multisig-based DAO governance.
• Our Co-Founder, Dmitriy, represented DeXe at Davos and the invite-only Satoshi Roundtable. We talked to Hackernoon about how DAO structures can improve large corporations.
• Our CMO, did an AMA with KuKoin.
• Team members represented DeXe far and wide: from Crypto & Blockchain in Ukraine 2023 all the way to an event in Delaware, USA.
•$DEXE is one of the favorites at Huobi. It was included in Crypto Dep’s top projects with a market cap of <$200M and top DAO projects by social activity. Our token was also the top gainer by weekly volume according to Cryptolaxy.
Read more 👉 link
March is here, so stay tuned 👀
🔥10👍2
Crypto mass adoption around the corner?
The ERC-4337 standard may just be that huge leap forward to bring crypto to the masses. Vitalik Buterin himself wrote about it here.
tl;dr
Remember those 12-24 word seed phrases you nervously wrote down on pieces of paper so you don't lose access to your MM wallet? Well, ERC-4337 allows you to use simpler wallet recovery methods.
All those people confused and terrified by seed phrases can now join the crypto movement in much the same way they get a Netflix account.
But there is soooo much more to ERC-4337:
▪️Lose your phone? Get the wallet connected to it blocked for your funds' security
▪️Restore access to wallet via 3rd party apps to make your life so much easier
▪️Easily perform new functions like automatic payments
▪️2FA(!!)
ERC-4337 is simplified security and access - massively lowering the technological and trust barriers to entry into crypto.
What do you think: will this immediately drive mass adoption? What else is needed to bring crypto to the masses?
The ERC-4337 standard may just be that huge leap forward to bring crypto to the masses. Vitalik Buterin himself wrote about it here.
tl;dr
Remember those 12-24 word seed phrases you nervously wrote down on pieces of paper so you don't lose access to your MM wallet? Well, ERC-4337 allows you to use simpler wallet recovery methods.
All those people confused and terrified by seed phrases can now join the crypto movement in much the same way they get a Netflix account.
But there is soooo much more to ERC-4337:
▪️Lose your phone? Get the wallet connected to it blocked for your funds' security
▪️Restore access to wallet via 3rd party apps to make your life so much easier
▪️Easily perform new functions like automatic payments
▪️2FA(!!)
ERC-4337 is simplified security and access - massively lowering the technological and trust barriers to entry into crypto.
What do you think: will this immediately drive mass adoption? What else is needed to bring crypto to the masses?
🔥6
💡We're so excited to partner up with the Multichain Bridge so you can have $DEXE on multiple chains easily.
Thanks to our collaboration, you can use Multichain to move $DEXE between ERC-20 and BEP-20 in both directions.
🔥Try it now here 👉 https://app.multichain.org/#/router
PS. Yes, you can still bridge $DEXE via Binance. It's good to have options.
Thanks to our collaboration, you can use Multichain to move $DEXE between ERC-20 and BEP-20 in both directions.
🔥Try it now here 👉 https://app.multichain.org/#/router
PS. Yes, you can still bridge $DEXE via Binance. It's good to have options.
🔥6👍1
📌DAO treasury management lessons
Having taken a deep dive into the Top 10 DAOs earlier, let’s see what big trends are noticeable — and what can be done to improve each one.
For details and for DeXe’s take, read the full article 👉 here
Having taken a deep dive into the Top 10 DAOs earlier, let’s see what big trends are noticeable — and what can be done to improve each one.
For details and for DeXe’s take, read the full article 👉 here
👍8
DeFining news: March 10th, 2023 📢
▪️Silvergate - one of the most crypto-friendly U.S. banks - has announced sudden voluntary self-liquidation, promising to return all assets back to their owners.
▪️Circle seems to have surprised Dapper Labs and other crypto clients by suddenly dropping ACH payment servicing, leaving many crypto users with fewer options to on-offboard.
▪️More lawsuits news. ETH fell 7% when the NY AG called it a security in a lawsuit against Kukoin. Yet Grayscale’s GTBC and ETHE financial products both gained in price after its attorneys’ arguments in Grayscale’s lawsuit against the SEC apparently impressed the markets.
▪️Meanwhile, Kraken is planning to launch a crypto bank very soon, no matter the tough regulatory environment.
▪️Finally, thanks to the EIP-1559 upgrade, Ethereum’s total supply is in a small but steep decline since the upgrade was implemented, making ETH a deflationary crypto, burning $77.5M worth of ETH in the process.
▪️Silvergate - one of the most crypto-friendly U.S. banks - has announced sudden voluntary self-liquidation, promising to return all assets back to their owners.
▪️Circle seems to have surprised Dapper Labs and other crypto clients by suddenly dropping ACH payment servicing, leaving many crypto users with fewer options to on-offboard.
▪️More lawsuits news. ETH fell 7% when the NY AG called it a security in a lawsuit against Kukoin. Yet Grayscale’s GTBC and ETHE financial products both gained in price after its attorneys’ arguments in Grayscale’s lawsuit against the SEC apparently impressed the markets.
▪️Meanwhile, Kraken is planning to launch a crypto bank very soon, no matter the tough regulatory environment.
▪️Finally, thanks to the EIP-1559 upgrade, Ethereum’s total supply is in a small but steep decline since the upgrade was implemented, making ETH a deflationary crypto, burning $77.5M worth of ETH in the process.
👍4
PeopleDAO hack so dumb it’s almost funny
❕Unbelievably, PeopleDAO used a Google Sheet to handle automatic payrolls and linked to it in a public Discord server with edit access.
All the hacker had to do was insert their own address with a payment due of 76.5ETH — and then make that info invisible.
PeopleDAO, formerly ConstitutionDAO, was formed in Nov 2021 to purchase a rare original copy of the U.S. Constitution only to be outbid by a billionaire after disclosing their max bid publicly.
ConstitutionDAO failed in another way: they had no clear mechanism to unwind the individual contributions, causing massive gas losses in the process.
📌They should’ve used better tools. In DeXe’s DAO builder, payroll is done via proposals and voting — like all DAO governance is meant to be done. And integration with any other DeFi protocol is done automatically.
📖Read more » here
❕Unbelievably, PeopleDAO used a Google Sheet to handle automatic payrolls and linked to it in a public Discord server with edit access.
All the hacker had to do was insert their own address with a payment due of 76.5ETH — and then make that info invisible.
PeopleDAO, formerly ConstitutionDAO, was formed in Nov 2021 to purchase a rare original copy of the U.S. Constitution only to be outbid by a billionaire after disclosing their max bid publicly.
ConstitutionDAO failed in another way: they had no clear mechanism to unwind the individual contributions, causing massive gas losses in the process.
📌They should’ve used better tools. In DeXe’s DAO builder, payroll is done via proposals and voting — like all DAO governance is meant to be done. And integration with any other DeFi protocol is done automatically.
📖Read more » here
👍5
💡Someone just turned $1.45 into $2 million! Here’s how.
One bold crypto user is now sitting on a $2 million fortune by trading $1.45 for it.
One trader’s loss…
When one trader forgot to set maximum slippage on a swap of $2M worth of 3CRV tokens for $2M in the USDT stablecoin in a very illiquid pool, the return was just 5 cents because the pool only had about $2 worth of liquidity.
…is another’s gain
Somebody else was swift enough to notice this and balance the pool out with just $1.45 (plus 23 ETH/~$33k in validator bribes).
It could’ve been you👀
Set minimum slippage. Or, consider joining a fund with a proven successful track record (in DeXe Funds, traders’ history is on-chain and is easily visible to anyone, along with the fund’s strategy, size, and other parameters).
You can also use pro traders to monitor dormant pools like that 3CRV/USDT one and nab you a piece of that lucky arbitrage pie.
Btw, if you prefer to invest together with friends, you can use a DAO pool or a sub-DAO to do that.
One bold crypto user is now sitting on a $2 million fortune by trading $1.45 for it.
One trader’s loss…
When one trader forgot to set maximum slippage on a swap of $2M worth of 3CRV tokens for $2M in the USDT stablecoin in a very illiquid pool, the return was just 5 cents because the pool only had about $2 worth of liquidity.
…is another’s gain
Somebody else was swift enough to notice this and balance the pool out with just $1.45 (plus 23 ETH/~$33k in validator bribes).
It could’ve been you👀
Set minimum slippage. Or, consider joining a fund with a proven successful track record (in DeXe Funds, traders’ history is on-chain and is easily visible to anyone, along with the fund’s strategy, size, and other parameters).
You can also use pro traders to monitor dormant pools like that 3CRV/USDT one and nab you a piece of that lucky arbitrage pie.
Btw, if you prefer to invest together with friends, you can use a DAO pool or a sub-DAO to do that.
👍2
💡Did you hear about soulbound tokens and NFTs? They’re all the rage right now. Once you get one in your wallet, it stays there and cannot be transferred. Why is that a good thing?
To prove your identity or status online without having to reveal your physical/legal information.
Why such a big deal? Think of all the applications:
*Prove the wallet is really yours to grant meaningful trust to any transactions and votes cast by the wallet.
*Showcase your status and achievements.
*Fight sybil attacks for fairer drops
These are just a few use cases. How would you use souldbound tokens? Let’s hive mind brainstorm this!
To prove your identity or status online without having to reveal your physical/legal information.
Why such a big deal? Think of all the applications:
*Prove the wallet is really yours to grant meaningful trust to any transactions and votes cast by the wallet.
*Showcase your status and achievements.
*Fight sybil attacks for fairer drops
These are just a few use cases. How would you use souldbound tokens? Let’s hive mind brainstorm this!
🔥3
DeFining news: March 18th, 2023 📢
▪️The sudden failure — and now bankruptcy — of Silicon Valley Bank where USDC issuer Circle held $3.3B dropped USDC to 87 cents and scared everyone before the FDIC announced that all of the deposits will be returned in full. Bad for crypto’s banking.
▪️Uniswap’s V3 is going live on the BNB Chain, expanding the reach of the biggest and most known AMM.
▪️A hacker stole $200M from Euler Labs using a self-liquidation exploit of a donation function.
▪️Meanwhile, BlockSec helped ParaSpace prevent nearly 3k ETH (~$5M) from being stolen by a hacker.
▪️Newly released ChatGPT 4 can identify vulnerabilities in ETH contracts.
▪️A 40 billion won (~$30M) Metaverse fund partially funded by the South Korean government is intended to boost local development.
▪️The Doodles DAO has a proposal to launch a community fund with a 6-month trial run capitalized at 9.99 ETH.
▪️The sudden failure — and now bankruptcy — of Silicon Valley Bank where USDC issuer Circle held $3.3B dropped USDC to 87 cents and scared everyone before the FDIC announced that all of the deposits will be returned in full. Bad for crypto’s banking.
▪️Uniswap’s V3 is going live on the BNB Chain, expanding the reach of the biggest and most known AMM.
▪️A hacker stole $200M from Euler Labs using a self-liquidation exploit of a donation function.
▪️Meanwhile, BlockSec helped ParaSpace prevent nearly 3k ETH (~$5M) from being stolen by a hacker.
▪️Newly released ChatGPT 4 can identify vulnerabilities in ETH contracts.
▪️A 40 billion won (~$30M) Metaverse fund partially funded by the South Korean government is intended to boost local development.
▪️The Doodles DAO has a proposal to launch a community fund with a 6-month trial run capitalized at 9.99 ETH.
👍4