💡Case Study: Passion DAOs
Analysts often talk about strong fundamentals. Rarely does this mean the passion of the founders and of the community. And that’s a shame since DAOs built on passion are poised to succeed in both bull and bear markets, keeping cohesiveness and effectiveness to achieve common goals.
📌We took a look at the DAO landscape and profiled a couple of passion-driven DAOs and one that may be more of a fad. What did we find? And what to do when passion runs out?
📖Find out in the full article 👉 here
Analysts often talk about strong fundamentals. Rarely does this mean the passion of the founders and of the community. And that’s a shame since DAOs built on passion are poised to succeed in both bull and bear markets, keeping cohesiveness and effectiveness to achieve common goals.
📌We took a look at the DAO landscape and profiled a couple of passion-driven DAOs and one that may be more of a fad. What did we find? And what to do when passion runs out?
📖Find out in the full article 👉 here
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📊State of the DAOs - May 23rd
Total DOA treasuries rose by $1.3B and members by 13.3k.
📝DAO News
▪️A governance attack on Tornado Cash has a plot twist: the hacker proposes to give back control.
▪️Aragon restructured its $177M treasury into developer grants to prevent a governance attack.
▪️Lido’s community is considering staking and/or buyback options for its LDO token.
▪️The Founder of MakerDAO wants it to have its own blockchain along with new MKR and DAI tokens.
▪️Some investors are suing Bancor DAO for failed promises of Impermanent Loss protection.
▪️The BIT token will become MANTLE, as BitDAO’s BIT-21 passes.
▪️A bug in Aave v2 on Polygon is getting some user assets stuck.
👥DAO Proposals
No high-importance proposals but 23 medium and 41 low-importance ones, mostly Team (36) and Parameters (16).
🔝Most Active DAOs
▪️Iwan - 159
▪️Pao Pao -147
▪️PancakeSwap - 41
▪️Rari Capital DAO - 26
▪️Fantom - 23
📖Details (with stats, pics, and links) in the full article 👉 here
Total DOA treasuries rose by $1.3B and members by 13.3k.
📝DAO News
▪️A governance attack on Tornado Cash has a plot twist: the hacker proposes to give back control.
▪️Aragon restructured its $177M treasury into developer grants to prevent a governance attack.
▪️Lido’s community is considering staking and/or buyback options for its LDO token.
▪️The Founder of MakerDAO wants it to have its own blockchain along with new MKR and DAI tokens.
▪️Some investors are suing Bancor DAO for failed promises of Impermanent Loss protection.
▪️The BIT token will become MANTLE, as BitDAO’s BIT-21 passes.
▪️A bug in Aave v2 on Polygon is getting some user assets stuck.
👥DAO Proposals
No high-importance proposals but 23 medium and 41 low-importance ones, mostly Team (36) and Parameters (16).
🔝Most Active DAOs
▪️Iwan - 159
▪️Pao Pao -147
▪️PancakeSwap - 41
▪️Rari Capital DAO - 26
▪️Fantom - 23
📖Details (with stats, pics, and links) in the full article 👉 here
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🌪Wow, what a storm of a week for Tornado Cash, right?
First, someone hacked their governance, tricking the DAO's members to vote in favor of giving the hacker full control (via giving him 1.2 million votes vs. everybody else's 700k).
Then the hacker put up a proposal to restore the governance to the old way, basically giving back control.
❓Will the hacker actually give up on the total control of Tornado Cash (and its treasury)?
Or is this a ploy to slow down the selloff of the TORN token (and raise its price) so the hacker could cash out more?
✅Regardless, this is a big flashing warning for all DAOs to be careful with their governance mechanism. Whether via validators, careful quorum settings, or other measures, the need to protect against malicious proposals is crucial for the viability of DAO as a governance form.
First, someone hacked their governance, tricking the DAO's members to vote in favor of giving the hacker full control (via giving him 1.2 million votes vs. everybody else's 700k).
Then the hacker put up a proposal to restore the governance to the old way, basically giving back control.
❓Will the hacker actually give up on the total control of Tornado Cash (and its treasury)?
Or is this a ploy to slow down the selloff of the TORN token (and raise its price) so the hacker could cash out more?
✅Regardless, this is a big flashing warning for all DAOs to be careful with their governance mechanism. Whether via validators, careful quorum settings, or other measures, the need to protect against malicious proposals is crucial for the viability of DAO as a governance form.
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📌A DAO is an almost perfect system of organization. But there are still so many practical pain points in the structure of a DAO that we need to solve.
In the article for Substack, we looked at the main Achilles' heels of DAOs. And what can be done about them.
📖 Read more 👉 here
In the article for Substack, we looked at the main Achilles' heels of DAOs. And what can be done about them.
📖 Read more 👉 here
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💡Check this out: a member submitted a new proposal for our DAO related to legal strategy.
❕Read through it - what do you think? The comments are open. Any proposal benefits from the community’s constructive input.
❕Read through it - what do you think? The comments are open. Any proposal benefits from the community’s constructive input.
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DeFining news: May 26th, 2023 📢
▪️Solana has introduced a ChatGPT plugin.
▪️Multichain’s token is in freefall after rumors of team members being arrested by Chinese police.
▪️The token launch model pioneered by White Lotus is catching popularity quickly.
▪️The amount of ETH on exchanges hit a 5-year low.
▪️Read Vitalik Buterin’s warning about using Ethereum’s social consensus for resolving conflicts.
▪️There is now $200M worth of tokenized bonds, bringing TradiFi even firmer into the blockchain world.
▪️Tornado Cash suffered a governance attack. Then the same hacker put forward a proposal to give the control back.
▪️The WDZD protocol was hacked for $1.1M by a previously-flagged exploiter
▪️Ripple wants to integrate CBDCs with DeFi primitives.
▪️Bank of Norway has asked the country’s government to develop its own, possibly more stringent crypto regulation than the EU-approved MiCA framework.
📖For more details, see the full digest 👉 here
▪️Solana has introduced a ChatGPT plugin.
▪️Multichain’s token is in freefall after rumors of team members being arrested by Chinese police.
▪️The token launch model pioneered by White Lotus is catching popularity quickly.
▪️The amount of ETH on exchanges hit a 5-year low.
▪️Read Vitalik Buterin’s warning about using Ethereum’s social consensus for resolving conflicts.
▪️There is now $200M worth of tokenized bonds, bringing TradiFi even firmer into the blockchain world.
▪️Tornado Cash suffered a governance attack. Then the same hacker put forward a proposal to give the control back.
▪️The WDZD protocol was hacked for $1.1M by a previously-flagged exploiter
▪️Ripple wants to integrate CBDCs with DeFi primitives.
▪️Bank of Norway has asked the country’s government to develop its own, possibly more stringent crypto regulation than the EU-approved MiCA framework.
📖For more details, see the full digest 👉 here
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💡Since there is a proposal about legal strategy in our DAO's forum, why not invite a legal expert to answer everyone's pressing questions about DAOs and the Law?
And that's exactly what we'll do. Coming up soon is an AMA with a brilliant lawyer who knows crypto well.
🔥Let's use this opportunity to its fullest — ask our guest your question via this quick form.
And that's exactly what we'll do. Coming up soon is an AMA with a brilliant lawyer who knows crypto well.
🔥Let's use this opportunity to its fullest — ask our guest your question via this quick form.
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🌪Tornado Cash’s whirlwind of a ride is almost over
Tornado Cash got hacked in the most nightmarish way for a DAO — by having its governance process subverted by a malicious actor who got the unsuspecting community to give him the power of 1,200,000 votes while the entire TORN community only has around 700,000 votes.
📌And then, he suddenly proposed to give all the control back. But not before using Tornado Cash’s own mixer to obfuscate the movement of the 483,000 TORN tokens he stole from their treasury, netting around $890,000 in ETH with another $160,000 still held in TORN.
How will it end? Well, there may be a happy ending in sight very soon. And a major lesson for all DAOS.
📖 Find out all the details of this developing governance theft of a lifetime story in the full article 👉 here
Tornado Cash got hacked in the most nightmarish way for a DAO — by having its governance process subverted by a malicious actor who got the unsuspecting community to give him the power of 1,200,000 votes while the entire TORN community only has around 700,000 votes.
📌And then, he suddenly proposed to give all the control back. But not before using Tornado Cash’s own mixer to obfuscate the movement of the 483,000 TORN tokens he stole from their treasury, netting around $890,000 in ETH with another $160,000 still held in TORN.
How will it end? Well, there may be a happy ending in sight very soon. And a major lesson for all DAOS.
📖 Find out all the details of this developing governance theft of a lifetime story in the full article 👉 here
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📊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
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💡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.
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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
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🔥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!
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📊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
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✅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
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💡«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
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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
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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
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📊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
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✅ 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
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🔥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
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