ENS DAO considers proposal to auction 10,000 ETH for USDC
ENS DAO is considering a proposal to raise about $13 million from selling 10,000 ETH. The funds will be used to fund the DAO's operation over the next two years.
Fantom developers to receive up to 15% as revenue from gas monetization
Fantom Foundation has received approval to reduce the burn rate from 20% to 5%, so as to allocate the remaining as reward to high-performing dApps.
Marshall Islands passes law recognizing DAOs as legal entities
The new bill creates a DAO registry process that will be assisted by local firm MIDAO, in order to attract DAOs and web3 leaders.
Tornado Cash developer seeks $240K salary to resurrect protocol
A Tornado Cash developer identified as "Gozzy" has proposed to receive an annual pay of $240,000 to cover the potential risk that may arise from going against the OFAC sanction.
SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023
Over 80% of SushiSwap's $5.2 million budget was allocated to salaries, with its top contributors earning up to $500,000 annually.
Courts orders the CFTC to serve lawsuit to Ooki DAO’s original founders
Judge William Orrick said that there was no point indicting all Ooki DAO members when its original founders Tom Bean and Kyle Kistner are known.
This DAO is donating 100ETH ($123k) to crypto sleuth ZachXBT
The donation was proposed by Bitwise's cofounder and chief technical officer, Hong Kim (known as Noun 40 on Twitter), and was passed by an overwhelming majority.
ConstitutionDAO set to buy the US constitution again with private multisig
ConstitutionDAO claims that the transparency of the Ethereum blockchain undermined its first bidding effort. In the second attempt, it will participate in the Sotheby's auction via a private multsig wallet.
Sushi DAO approves proposal to evolve into 3 legal entities
Sushi's new legal structure will include a Cayman Island-based DAO foundation, a Panamanian foundation, and a Panamanian corporation.
UK Financial Policy Committee’s Carolyn Wilkins calls for improved governance, trust in crypto industry
Carolyn Wilkins said that protocols need to re-examine their decision-making process which is largely "centralized" and adopt best practices to improve their transparency so as to retain the trust of investors.
New Sushi Head Chef promotes asset-backed tokens, receives 83% of vote
Jared Grey has been appointed as the new Head Chef for Sushi and has strong beliefs in asset-backed tokens as the future of DeFi
Ooki DAO moves to raise funds to defend against CFTC lawsuit
Ongoing discussions in the Ooki DAO forum have outlined three action plans to help the community raise funds to respond to the CFTC's complaint.
Vitalik Buterin argues that highly decentralized DAOs will be more efficient than corporations
For DAOs to be more efficient, Vitalik said they need to remain highly decentralized while incorporating elements of political science and corporate governance.
Coinbase submits proposal that could earn MakerDAO $24M annually
Some MakerDAO members argued that the proposal could affect the protocol’s decentralization and add another layer of regulatory attack.
Aave votes to pause ETH borrowing following concerns of users trying to maximize ETHPoW airdrops
A governance proposal on Aave has been passed to suspend ETH borrowing following detailed simulations of high utilization of ETH caused by users attempting to receive an ETHPoW airdrop.
Aave DAO urges members to commit support for Ethereum’s PoS merge via governance proposal
Aave developers believe that no Ethereum fork running on an alternative consensus can effectively sustain a viable Aave market.
Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe
According to a member of the Tornado Cash team, the DAO has been shut down as it "can't fight the US" and contributors are scared of being prosecuted