💡Hey DeXers, our next DAO Talk is on Tuesday, July 25th @ 13:00 UTC. Joining us is Daniel Ospina, Organisation and Social System Designer at RnDAO. ✅ Daniel was previously the Head of Governance at Aragon and has seen firsthand the challenges faced by DAO creators and governors (and perhaps can offer some sage advice). This looks to be a deep conversation on governance and social system structures. 📍Yes, there will be a $DEXE raffle among listeners and a Zealy Quest. Join us on Tuesday and bring some questions!🔥

📊State of the DAOs - July 20th We’re at nearly 20k DAOs, though just 1.6% have 100+ active members. 📝DAO News ▪️Aave has launched its GHO stablecoin amid some concerns. ▪️BitDAO’s Mentle Eco(system)Fund is now official. ▪️Arbitrum DAO formed the Pluralistic Grants Program with a 3.971 ARB grant. ▪️ApeCoin DAO wants to expand into animated series and comic books. ▪️The Star Atlas blockchain game has its first DAO proposal. ▪️ShapeShift DAO has requested a $1M loan. ▪️Magic Internet Money DAO has decided to use Switzerland as its legal jurisdiction. ▪️Rari DAO is considering a delegate launch platform. ▪️Creative Vision DAO is trying to decentralize horror film production. 👥DAO Proposals 1 high-importance proposal, plus 13 mid- and 18 low-importance ones. Most deal with Parameters (11) and Team (12). 🔝Most active members by DAO Stargate Finance - 788.3k SyncSwap - 220.9k Arbitrum One - 182.2k PancakeSwap - 129.1k Optimism Collective - 88.7k 📖Details in the full article 👉 here

✅DeXe sharing a bold vision for DAOs at the DAOist in Paris Our core contributor, Dmytro Kotliarov, spoke at The DAOist conference on July 16th, in Paris, about key tools for stronger, more sustainable DAOs. 📌Transparency is a crucial tool that is at the foundation of decentralization and that truly raises the level of DAO efficiency to another level. Motivation is lacking in DAOs at this time, as is evident by a lack of activity and engagement with the governance process. Members must be properly and transparently motivated. ❕Lastly, all the tools need to be on one platform. It must be easy to build and govern a DAO in one place. Dmytro Kotliarov discussed this in Paris with a number of people currently building DAOs. And the consensus is strong for making DAOs more transparent, easier to govern, and with better motivation mechanisms. 📖Details in the full article 👉 here

The collapse of The DAO happened 7 years ago, but "investment DAOs" never made it to a high level. Or did they? Read our new article on how DAOs have come back to dominate investing 📈 And don't forget to subscribe to receive new articles and our weekly digest in the mail! 👉 Link

💡Hey DeXers, our next DAO Talk is on Tuesday, July 18th @ 16:00 UTC. Joining us is Phygital, a community member who spoke up during our previous live talk and asked a really tough question about member and delegate incentives. So how could we not invite him to talk about this important topic at length? ✅ Phygital calls himself "DAO curious" but that is just scratching the surface. Phygital loves deep and lively spaces, is passionate about Web3 tools and infrastructure, and has a particular interest in bridging the physical vs digital world divide via NFTs. We'll certainly have a lot to talk about. 📍As before, there will be a $DEXE raffle among listeners and a Zealy Quest. Join us on Tuesday and bring some questions!🔥

🔥Hey DeXers - ETH CC in Paris is the talk of the DeFi community and a few of our core contributors will be there July 19th - 20th — come say hi! It's the perfect chance to connect and talk DAOs. 📌And remember that proposal in our forum about partnering up with the DAOist for events? It's already bearing fruit as our team representative, Dmytro Kotliarov, will speak at the DAOist event on July 16th as part of ETH CC. If you're around, definitely recommend it. ❕Who else is gonna be at ETH CC? Drop us a line and let's connect there for sure!

📊State of the DAOs - July 12th There are now over 7 million DAO members. Yay!! 📝DAO News ▪️Arbitrum’s AIP 1.1 is approved, locking 700B ARB in a 4-year vesting distribution. ▪️Grayscale Investments makes LDO 19% of its DeFi fund’s holdings. ▪️Index Coop report identifies problems in the on-chain structured products market. ▪️Multichain halted operations after $125M worth of outflows. ▪️BarnBridge DAO is also halting all work under SEC investigation. ▪️DeSo offered a $1M bounty to create a decentralized version of Reddit. ▪️Gitcoin DAO’s Quadratic Experimentation and Development Program (Q.E.D.). ▪️IMF sees DAOs as dangerous for the Marshall Islands. 👥DAO Proposals 4 high-importance proposals, 25 mid-, and 29 low-importance ones. Most proposals deal with Parameters (24), Team (18). 🔝Most active members by DAO Stargate Finance - 751.2k SyncSwap - 220.9k Arbitrum One - 155.5k PancakeSwap - 129.1k Optimism Collective - 88.7k 📖Details (with stats, pics, and links) in the full article 👉 here

💡Hey DeXers - good news for the weekend - our DAO has a new approved proposal. The proposal to partner up with the DAOist for crypto events has passed the quorum threshold and was approved today. ❔What was this proposal all about? Refresh your memory here.

💡Hey DeXers, our next DAO Talk is on Tuesday, July 11th @ 16:00 UTC. Joining us is Alisha, the governance guru of ENS Labs - yes the one all of us can thank for our .eth domains! ✅ Alisha is passionate about DAO governance. Expect a deep and spirited conversation about delegation (she's a delegate), public goods, and why DAOs need to succeed both in their value to the community and in the market. 📍As before, there will be a $DEXE raffle among listeners and a Zealy Quest. Join us on Tuesday and bring some questions!🔥

DeFining news: June 7th, 2023 📢 ▪️Multichain Bridge drained for $120M. Poly network also hacked (via a compromised multisig). ▪️OPNX’ oUSD “credit currency” will make it easier for crypto traders to use crypto as collateral. ▪️BarnBridge DAO is halting all work while it’s being investigated by the SEC. ▪️When Compound Finance’s CEO stepped down, the community seemed to rejoice. ▪️Some Ethereum developers are proposing a “circuit breaker” that would stop token outflows above a certain predefined limit to deter hackers. ▪️A new, BRC-69 bitcoin token standard aims to reduce Ordinals minting fees by 90%. ▪️Popular trading platform, dYdX, is launching a testnet of its own chain next week. ▪️Some senior executives of Binance have recently jumped ship. CZ seems unfazed. ▪️20 EU blockchain sandbox use cases have been revealed. ▪️TPS on Starknet’s Quantum Leap testnet are reaching triple figures. 📖For more details, see the full digest 👉 here

💡Hey DeXers - did you know that all of our DAO Talks are now available on all your favorite podcast platforms. Now it's easier than ever to keep up with the latest in DAOs wherever you listen to podcasts, learning from DAO experts and staying ahead of the curve. You can always find all the platforms at this link 🔥Go check them out and subscribe so you don't miss the next one. And share with a friend or two ;). 🎓Let's educate the world about DAOs and create better DAO governance - together!

📊State of the DAOs - July 4th The number of DAO members is approaching 7M. 📝DAO News ▪️ApeCoin DAO’s Special Council Election passed its second stage. ▪️Rari DAO’s “delegate launch platform” hopes to attract more delegates and participation. ▪️CFTC’s Technology Advisory Board to discuss DAOs in its upcoming meeting. ▪️Uniswap is running a Snapshot poll on how to distribute its massive ARB allocation. ▪️Gitcoin DAO voted to withdraw its 3M USDC from the treasury. ▪️Azuki DAO wants to claw back around $39M of ETH from Azuki’s founder. ▪️Aave will reimburse many recognized on-chain voting delegates. ▪️“The Rise of Blus: A Nouns Movie” looks to be the first DAO-funded animated film. 👥DAO Proposals Only 16 mid- and 37 low-importance proposals this week. Most proposals deal with Parameters (22) and Team (18). 🔝Most Proposals by DAO ever PancakeSwap - 2.8k Decentraland - 2.2k UXDProtocol - 919 DXdao - 918 Index Coop - 916 📖 Details (with stats, pics, and links) in the full article 👉 here

🔥Hey DeXers, the DAOist partnership proposal is getting traction. It already got enough voting support at the discussion stage to move to the voting stage. That means: it's up for voting by DAO members like you right NOW. Yay/Nay? The decision is yours. We make this DAO work together. PS. You can vote on either ETH or BSC. ✅Go cast your vote

💡Hey DeXers, just 2️⃣ days remain until our DAO Talk with Stefen, Head of Growth at GovernHQ. ✅ We'll talk about the best way to govern DAOs. How to nurture and promote DAO contributions. And more. 🎲 Keep up with the tasks in Zealy related to this live talk so you can stay on the leaderboard and increase your chances to win a prize!

💡DeXe DAO June Update In June, we first had a live talk on Legal Strategies for DAOs, one on DAOs’ long-term sustainability, and one about Grants for Public Goods. More to follow! 🔥Team members presented at a major conference Kyiv, Ukraine, the Incrypted Conference 2023. We had two publications in Hackernoon titled “The Power of the Rich: How Plutocracy Undermines the DAO” and “The DAO Achilles Heel: Navigating Challenges to Build an Ideal System”. We also had a Ukrainian publication on how blockchain tech can change Ukraine. We published case studies like “Are you in a DAO without knowing it?” and “Is the United Nations a DAO in Disguise?” We then followed it up with an onboarding guide in “Joining the DAO: Five tips on how to onboard newcomers to your DAO”. ✅Binance added $DEXE as a loanable asset. $DEXE has also been added to the ChangeNow.io and Exolix exchanges. 📌 Our forum has new proposals like this one.

🔥Quest time!! We're launching special quests on Zealy starting this week. And runing for a whole month. That's a whole month of cool activities that are sure to benefit you. 🏆This is your chance to earn $DEXE with super simple tasks while learning something new about DAOs and the blockchain space in general. Don't miss the tasks or you may fall from the top of the leaderboard! 📌 What are the quest tasks? What exactly can you win? Go find out!

💡Hey DeXers, our next DAO Talk is Wednesday, July 5th @ 16:00 UTC. Joining us is Stefen, Head of Growth at GovernHQ, President of the Caribbean Blockchain Alliance, and the "resident DAO ecologist." ✅ What's the best way to govern DAOs? How to nurture and promote DAO contributions? And what does a resident DAO ecologist do? These are some of the questions you may find answers to when you tune in for the live discussion. 📍And yes, there will be a $DEXE raffle among listeners. Click the blue links to learn more. Join us on Wednesday and bring some questions!🔥

DeFining news: June 30th, 2023 📢 ▪️DAI has moved to a less than 10% reliance on USDC. ▪️Traders are shorting TUSD amid fears it may again depeg. ▪️KuKoin will make KYC mandatory starting July 1st. ▪️ZkSync has a hyperchain vision via its Zk Stack. ▪️Polygon wants to go the zk way too. PancakeSwap went live on Polygon’s zkEVM. ▪️MasterCard is launching a pilot Multi Token Network. ▪️Lido’s revenue-sharing proposal gets heavily criticized as too centralizing. ▪️North Carolina House members voted to include crypto into its balance sheet. ▪️Optimism revealed another ($40M) round of retroactive rewards. ▪️The EU’s European Data Act with its smart-contract “kill switch” is moving forward. 📖 For more details, see the full digest 👉 here

Proposal Alert 🔊 🔥 There is a new proposal in our discussion forum It recommends partnering up with DAOist for upcoming crypto conferences. Which conferences? What is DAOist? ✅ To find out, check out the proposal here

📊State of the DAOs - June 27th Treasuries rose in a big way and the membership is growing with them. 📝DAO News ▪️Loopring DAO is adding Telos (TLOS) to its DEX. ▪️Tezos’ Nairobi update launched the Tezos Ecosystem DAO. ▪️Friends With Benefits DAO has formed an Unincorporated Nonprofit Association ("UNA"). ▪️Tron DAO’s Justin Sun outlines Tron’s mission as “Building a Metaverse Free Port.” ▪️Stargate DAO will spend its 1.67M ARB allocation on liquidity mining and partner integrations. ▪️Lido DAO voted to implement a tiered rewards structure. ▪️Reserve protocol invested $20M in Curve, Convex, and Stake DAO. ▪️Market maker DWF Labs committed 500K $WAVES to the WavesDAO project. 👥DAO Proposals 17 mid- and 37 low-importance proposals, most dealing with Parameters (20) and Team (23). 🔝Most Active DAOs matic - 115 WdDao - 83 skgame - 75 bnb - 69 Polygon/Matic-named DAOs - 69 📖 Details (with stats, pics, and links) in the full article 👉 here

⚙ DAO is a complex mechanism that requires knowledge and practice. But how to master it, if you are just starting your way in DAO? We will help you on this winding path. We've prepared an article where we disclosed the main mechanisms of DAO and how to cope with them for beginners. Here's the link below 👇

daoism.substack.com

📌Subscribe to our Substack to get regular exclusive articles on DAO!

💡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!🔥

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

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

📊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

💡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

🔥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!

✅ 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!

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

🔥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

✅ 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

📊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

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

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

💡«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 👇

daoism.substack.com

📖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

✅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!

📊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

🔥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!

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

💡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.

📊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

🌪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

💡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.

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

💡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.

📌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

🌪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.

📊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

💡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