💡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

DeFining news: May 19th, 2023 📢 ▪️Institutional investors are getting easier access to DeFi governance via Anchorage’s custodial accounts. ▪️The EU introduced a clear Markets in Crypto Assets (MiCA) crypto framework. ▪️Blur’s NFT-backed lending platform, Blend, has already done 100k ETH of volume in just 17 days post-launch. ▪️Ledger’s wallet recovery feature faced a lot of backlash. ▪️A bankruptcy judge excluded 48,000 of BlockFI’s interest-bearing account holders from the settlement. ▪️Gala burned 21 billion team tokens to avoid fears of a token dump. ▪️Worldcoin is having to modify its verification methods as Chinese users are simply buying random strangers’ iris scans - for ~$30 each - to get in. ▪️Uniswap is coming to Polkadot via the Moonbeam parachain. ▪️LayerZerohas launched a $15M bug bounty in partnership with Immunefi. 📖For more details, see the full digest 👉 here

💡Flexible reward system Instead of figuring out each time how to motivate your DAO's active contributors, you can set up an automatic system as flexible as your needs. Automatically reward members for: ✔️voting ✔️proposing ✔️executing proposals 📌Proper incentives encourage DAO members to build, to get involved in ways that are beneficial to them individually and the DAO as a whole. Let's reward effective activity — not hinder it!🔥

📊State of the DAOs - May 16th DAO treasuries lost $1.8M. Member involvement is up to 31.8% now and 2.2% DAOs have 100+ members. 📝DAO News ▪️Arbitrum DAO has already earned 3,350 ETH ($6.2M) in transaction revenue. ▪️DeusDAO recovered $5.5M out of $7M stolen. ▪️BitDAO is proposing to get rid of the BIT token. ▪️Aragon is taking measures to be compliant with Swiss regulations. ▪️MakerDAO has an Endgame now. ▪️Decentralizing oncology may be able to help collab better on cures and treatments. ▪️Researchers in Singapore designed a more efficient DAO voting scheme. ▪️BitMEX cofounder believes consumers care more about convenience than decentralization. 👥DAO Proposals No high-importance proposals this week, just 27 medium and 36 low-importance ones. Most proposals concern Team (32) and Parameters (22). 🔝Most Active DAOs ▪️Iwan ▪️Pao Pao ▪️guodanpi ▪️2021eth ▪️PancakeSwap 📖Details (with stats, pics, and links) in the full article 👉 here

🔔 In just 3 hours we'll host Deepa of ImpactDAOs for a DAO Talk about effective and impact DAOs. Must hear for anyone who ever wanted to be in a DAO. Tune in on our Twitter at 16:30 UTC. 📍Details here:

link3.to

PS. Yes, there will be prizes via Link 3 🎁

❕❕Is most DAO governance fake? Study of nonsensical DAO activity. Tens of thousands of wallets making and voting on proposals have zero governance value. What can be done about these nonsensical DAOs? 📌The situation is bad: Top 5 of the most active DAOs includes a lot of mostly unknown DAOs. ➖For example, Iwan DAO had 136 proposals in the past week, all of them about… logging weight. ➖2021eth had 47 proposals… all of them are spam about memecoins, NFT drops, and the like. $PEPE, of course, is front and center. Not surprisingly, 2021eth has zero tokenholders and nothing in its treasury. ✅If Iwan and 2021eth want to use a Ferrari to drive around a mini-golf course, fine. But this should not count as a DAO for compiling statistical sets of DAO governance. The data we are seeing is littered with nonsensical DAOs. 📖How to fix this? Find out in the full article 👉 here

What you can learn from Impact DAOs 📍Tue, May 16, 2023 🕟16:30 UTC What can you learn from Impact DAOs? Join us for a discussion with Deepa, the author of the Impact DAO Book. ✅Tune in for a chance at part of the $100 in $DEXE Prize Pool, make sure to follow all conditions to qualify! ❕Join!

📌Corruption is the scourge of society at all times. It seems that no amount of regulation and control can defeat it. But we think DAO and blockchain have a good chance 🔥 Why? Read in our in-depth study: 📖 DAO Against Corruption. How to defeat society's worst sin?

DeFining news: May 12th, 2023 📢 ▪️Tether (USDT) reported a record reserves surplus of $2.4B. ▪️U.S. Department of Commerce sided with Coinbase against the SEC. And Texas even wants to include the use of digital currencies into the state’s Bill of Rights. ▪️As Bitcoin gas fees spike, BSV and other Bitcoin forks gain in price. ▪️There are more ETH staking deposits than withdrawals now. ▪️Ethereum’s Beacon chain stopped finalizing transactions for half an hour but then recovered. ▪️Deloitte is going to use the Kilt protocol (based on Polkadot) for its KYC verification processes. ▪️Sushiswap is launching concentrated liquidity on 13 blockchains in a fork of Uniswap’s v3. ▪️China is opening a center to train half a million distributed ledger technology (DLT) specialists. ▪️MetaMask will now allow users to buy ETH via PayPal. 📖For more details, see the full digest 👉 here

Holy DAO! ⛔️ Not every proposal is the same. So why have the same quorum size, voting length, validator settings, etc. for a routine technical proposal as for one deciding the fate of 50% of your treasury? ✅ Instead, with DeXe's DAO constructor, you can set custom parameters for each proposal type, giving each proposal type the best chance to succeed and to benefit your DAO! Customize: ✔️voting length ✔️quorum size ✔️validator settings ✔️automatic reward distribution for growing the DAO, and more. Give each proposal type the beat chance to succeed and to benefit your DAO!

And just like that, the latest DeXe social activity is over. 🏁 ✅10 people won 20 USDT each. Were you one of them? Go check!

📊State of the DAOs - May 9th With the overall number of DAOs stagnating, DAO treasuries lost $1.5M while membership keeps steadily growing. 📝DAO News ▪️MakerDAO launched Spark Protocol. ▪️Chainway’s Proof of Innocence tool recently adopted by Railgun DAO. ▪️Aave DAO’s v3 launched on Metis. ▪️Aragon banned 6 members for, among other things, questioning leadership authority. ▪️Merit Circle DAO’s MIP-25 proposal seeks to formalize a Constitution. ▪️Jack Dorsey is launching a decentralized P2P marketplaces platform. 👥DAO Proposals This week’s sole high-importance proposal is about Aaave’s safety module. There are 24 medium and 39 low-importance proposals active this week. Most proposals concern Team (31), Parameters (18), Governance (9), and Token (4). 🔝Most Active DAOs The Top 5 by proposal activity: ▪️Iwan ▪️PancakeSwap ▪️2021eth ▪️AlexDAO ▪️Rari CapitalDAO 📖Details (with stats, pics, and links) in the full article 👉 here

⚠️DAO Money Heist: How thieves are draining DAO funds in plain sight DeepDAO’s candid interview with a “professional DAO drainer” showed how some scam DAOs by appearing legit to the more gullible of the DAO’s members. This is generally true because: ▪️Most people don’t read proposals carefully. ▪️Many will vote for anything just to show activity in hope of some future reward (like an airdrop). ▪️There is little vetting of DAO contractors. 🔹Social engineering of trust Money grabbers infiltrated the DAOs so deeply as to become trusted moderators and community leaders. 🔹Fighting back A lesson can be learned from sniping bots, which plagued AMM launches until 111PG came in and made the game not worth it. 🔹Trust shield One option is to have a DAO of Experts with special voting power benefitting themselves and those delegating to them. 📖 Read about the details of draining treasuries and possible countermeasures in the full article 👉 here

DeFining news: May 5th, 2023 📢 ▪️SUI token dropped 70% from its launch this week. ▪️Bitcoin fees are hitting multi-year highs, txs hit a record high, and BTC.b is unseating WBTC in “bitcoinlike” token popularity. ▪️Ethereum’s Dencun update is in the final stages of planning. ▪️The US White House wants to develop international standards for distributed ledger technology (DLT). ▪️Montana’s governor signed a pro-crypto mining bill into law. ▪️TUSD briefly depegged by going up by 20 cents. ▪️Curve, deployed the crvUSD stablecoin on Ethereum. ▪️Lens, unveiled “Momoka” — its Layer 3 solution for off-chain storage. ▪️Franklin Templeton (part of a $1.4 trillion global investment firm) has opened a stablecoin fund on Polygon. 📖For more details, see the full digest 👉 here

🔥Here's another quick way to earn crypto with DeXe. ✅10 people can win 20 USDT each. How? Find out 👉 here 📌Starts Wednesday May 3rd, at 9:00 UTC and lasts for one week. Ready to earn some quick stables and show your support of the DeXe DAO? Good luck!

📊State of the DAOs - May 2nd DAO treasuries lost $630M but DAOs and members growing. 📝DAO News ▪️DAO Tokyo brought together crypto leaders. ▪️CityDAO is building a decentralized blockchain city. ▪️Wyoming and Utah adopting pro-DAO legislation. ▪️Airbitrum gave 90 million ARB to 125 DAOs. ▪️OlympusDAO deploying OHM LP pairs on Arbitrum. ▪️Angle DAO is relaunching its borrowing module on multiple networks. ▪️Gitcoin grants are back and its DAO just approved spending $95k in GTC on funding. 👥DAO Proposals This week’s two high-importance proposals are by Gelato (allocating funding for later) and the Friends With Benefits DAO (splitting into a for- and non-profit entities). There are 23 medium and 34 low-importance proposals active this week, most about Parameters (21) or Team (20). 🔝Most Active DAOs ▪️loveeachother ▪️PancakeSwap ▪️Arbitrum-named DAOs ▪️Rari Capital DAO ▪️2021eth 📖Details (with stats, pics, and links) in the full article 👉 here

💡DeXe DAO April Update This April, DeXe continued integrating the front-end with the smart contracts, fine-tuning the off-chain voting mechanisms, and implementing external auditor feedback to make the code even more hack-proof. ✅Contributor Dmytro Kotliarov talked about how DAOs affect employee rights (in Ukrainian), shared the lessons he learned during the 1+ year of Russia’s invasion of Ukraine, explored the topic of how DAOs can affect the startup ecosystem, and did an AMA with our friends at Lysithea Ventures. Meanwhile, Yuri Hotovyi, dissected the Silicon Valley Bank situation. 📌Speaking of outreach and education, DeXe DAO now has its own substack — subscribe here to get all the latest from DeXe. And if you haven’t noticed, we’re now publishing a Have you seen our weekly DAO and DeFI digest? 📖Our articles looked into Arbitrum’s AIP-1 fiasco, Snapshot off-chain voting, and on-chain voting.

DeFining news: April 28th, 2023 📢 ▪️Google is deepening its journey into Web3 with a Polygon partnership and an accelerator program. ▪️California is implementing a web wallet to let people pay for some services in crypto. ▪️Usage of LayerZero has recently tripled, though the fact it happened after the ARB airdrop raises questions about drop farming. ▪️XEN quickly rose from near obscurity to taking up a whopping 11% of Ethereum gas usage. ▪️Filecoin is taking on Google And Amazon with Filecoin Web Services. ▪️114 memecoins were launched from one wallet in one month. ▪️Analysis shows that 90% of DeFi services fade once hacked. ▪️Robinhood launches a self-custody wallet and dApp on-ramp. ▪️Xitram token airdrop’s last-minute cancellation on an Arbitrum DEX causing a bit of a scandal.

🗳DAO on-chain voting: Myth or Reality? ▪️Is onchain voting being used for frequent and meaningful DAO governance? ⚠️A mere 8% of DAOs use exclusively on-chain voting. DAOs use a variety of tools for on-chain voting and it’s a bit of a mess. There is no single tool for onchain voting. ▪️How decentralized are DAOs if most are controlled by less than 10 addresses? ❕Delegation should help but there are yet to emerge clear mechanisms for delegate selection and transparency. There are a lot of governance transactions that have no value for governance, instead just trying to get future airdrops. ❗️Notably, it cumulatively costs DAO members millions of dollars to vote onchain. DeXe DAO constructor aims to solve these problems by making it easy to reward voting, proposal, and execution activity while also giving different voting types flexibility options🔥 📖Learn about the pitfalls and hidden costs of onchain voting in the full article 👉 here

📊State of the DAOs - April 25th DAO treasury dropped $4B but the number of active voters finally broke through 30% 📝DAO News ▪️California is drafting a legal framework for DAOs ▪️A research paper took a deep dive into on-chain voting ▪️DAO Times put together a list of digging through DAO proposals ▪️Yuga Labs won a copyright lawsuit against a copycat and ApeCoin DAO is releasing $1M to fund public goods projects ▪️Aptos DAO introduced delegated staking ▪️Scaling DAOs with zk proofs ▪️Using quadratic funding for DAOs to fund publicgoods ▪️72% of MetaTrekkers DAO voted to launch a 10-month entertainment series in Decentraland 👥DAO Proposals ▪️This week’s only high-importance proposal is by Silo DAO and concerns disabling XAI as collateral ▪️Almost all of the proposals concern either Parameters (14) or Team (25) 🔝Most Active DAOs The Top 5 by proposal activity: ▪️PancakeSwap ▪️Iwan ▪️AlexDAO ▪️Arbitrum-named DAOs ▪️NFT Finance 📖Details (with stats and pics) in the full article 👉 here

DeFining news: April 21st, 2023 📢 ▪️The new wave of memecoins is here, with PEPE rallying 500x and taking up 7% of ETH gas usage. ▪️A16z is getting into the L2 game with Magi. ▪️Uniswap v3 is launching on the Polygon zkEVM. ▪️ETH supply has dropped by 100k ETH since the merge. ▪️A mysterious wallet exploit targets only OG crypto holders. Stole over $10M already. ▪️Maple Finance launched a pool for US Treasury yields this week. ▪️In regulatory news, the SEC is basically trying to define many DeFi protocols as “exchanges” — and crypto experts are worried. ▪️Meanwhile, Hong Kong ruled that crypto is property. ▪️Why did Solana’s network crash so hard in April? They just published a detailed post mortem report. ▪️A sandwich bot made $950k in one attack this week. ▪️SUI network announced that it will sell tokens at discounted prices to those who supported the network early.

💬Hey DeXers, our core contributor, Dmitro Koltiarov is going live tomorrow to answer all kinds of questions in an AMA with our friends at Lysithea Ventures. ▪️Date: 21 Apr 2023 ▪️Time: 1 pm UTC (10 pm KST) ▪️Where:

t.me

Come check it out and ask some questions too!