The Wonderland protocol became the talk of the decentralized finance (DeFi) world after the platform was found at the center of a brewing controversy. On Jan. 27, DeFi analyst zachxbt revealed that one of the anonymous co-founders of Wonderland happened to be QuadrigaCX co-founder Michael Patryn, who has been operating under the name of Sifu.QuadrigaCX is a defunct crypto … [Read more...] about Wonderland’s treasury saga exposes the fragility of DAO projects today
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ENS’ Brantly Millegan fired by DAO over controversial tweet
In a tweet posted in 2016, Brantley Millegan, as of now-former Director of Operations and DAO Steward of the ENS DAO, expressed controversial opinions on the subjects of HBTQ persons, transgenderism, abortion, and more.Millegan, a member of the Catholic faith, and whose Twitter bio states “Catholic, husband, father”, has not shown any regrets regarding the resurfaced … [Read more...] about ENS’ Brantly Millegan fired by DAO over controversial tweet
Is a DAO + LLC Still a DAO?
2021 was the year of the decentralized autonomous organization, or DAO. Projects like PleasrDAO, Friends With Benefits and ConstitutionDAO showed the potential for collective action and governance. DAOs are novel legal structures with a big future. But how will they work in practice? I have my doubts.Decentralized autonomous organizations are, in very basic terms, communities … [Read more...] about Is a DAO + LLC Still a DAO?
Shiba Inu Launches Beta Version of DAO to Give Users More Authority Over Crypto Projects
Once the first phase is complete, using community feedback, Shiba Inu will release a newer version, called “DAO 2,” to allow the community to make generic proposals for consideration or review by a “Multisig-Team, and Breeds,” according to the blog. Source link … [Read more...] about Shiba Inu Launches Beta Version of DAO to Give Users More Authority Over Crypto Projects
DAO treasuries surged 40X in 2021: DeepDAO
The total combined value of treasuries, or assets under management (AUM) for the use of decentralized autonomous organizations, increased by around 40 times between January and September of 2021. According to data from DAO stats platform DeepDAO, the total AUM for DAO treasuries listed on the platform increased from around $380 million in January to a peak of roughly $16 … [Read more...] about DAO treasuries surged 40X in 2021: DeepDAO