MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai (DAI) stablecoins into a combination of United States treasuries and bonds. Following a straw poll in a governance Signal Request, the decentralized autonomous organization (DAO) members now must decide whether the dormant DAI should go entirely into short-term treasuries or split 80% into treasuries and 20% into corporate bonds. The Maker Governance votes to determine how to allocate 500 million DAI between different investment strategies. This allocation poll is a result of the passage of MIP65: …

While the concept of decentralized finance (DeFi) is still seeing strong growth projections, it is not the only industry showing massive potential. Following the financial use case came a host of scientists and entrepreneurs who incorporated smart contracts, tokens and other blockchain tools in their efforts to improve modern science. The movement, which focuses on the benefits of decentralized cross-border collaboration science, is now more widely known as DeSci. Originally, this movement stemmed from the need to enhance scientific funding, which was primarily set by scientists who spent half their time writing grant proposals. Consider that without funding, not only …

Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate governance. DAOs are organizations without a centralized hierarchy and were intended to work in a bottom-up manner so that the community collectively owns and contributes to the decision-making process. However, recent research data suggests that these DAOs are not as decentralized as they were intended to be. A recent report from Chainalysis analyzed the workings of ten major DAO projects and found that on average, less than 1% of all holders have 90% of the voting power. …

It's been a difficult few months for the crypto market — with Bitcoin posting consecutive losses for an unprecedented number of weeks. And the decentralized autonomous organization behind an AI-powered DeFi crypto portfolio says the current downturn illustrates why traders need cutting-edge tools in order to stay ahead of the game. SingularityDAO's flagship product, DynaSets, underwent closed beta testing between December and March — and now, testing is continuing to take place in an open environment. Toward the end of June, V1 will officially launch, and it'll be complemented by an overhaul of its user interface — giving DynaSets customers …

On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after Solend, a popular DeFi protocol on Solana (SOL), put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation. The proposal, dubbed “SLND1 : Mitigate Risk From Whale,” was abruptly launched on Sunday without announcement and the vote closed with a 97% approval rating. The scandal comes on the heels of last week’s sudden layoffs from Coinbase and BlockFi, and the liquidation debacle of Three Arrows Capital. Adding to the melee of unexpected volatility and market sell-offs, the spur-of-the-moment alterations of a …

Global banking network as a DAO Imagining a DAO-based global banking network may seem far-fetched at the moment, but not impossible. If blockchain technology is widely adopted within the financial industry, it is not hard to imagine a future in which banks are run as DAOs. In such a scenario, bank management would be decentralized, with power vested in the hands of the network’s members. Furthermore, the adoption of DAOs will likely result in a more equitable distribution of power within banks and financial institutions. It could lead to a more democratic form of governance, one that can better meet …

A potential legal battle has been prevented between the Merit Circle decentralized autonomous organization’s (DAO) backing company Merit Circle Ltd and Yield Guild Games (YGG) as the organizations reached a deal after the DAO originally voted to remove YGG. Merit Circle Ltd is a company that created the Merit Circle DAO to help gamers interested in play-to-earn games by lending items from its treasury to be used for gameplay, as well as delivering educational content. Speaking to Cointelegraph Gabby Dizon, Co-Founder of YGG said a DAO member took the current market conditions as an opportunity to pass a proposal canceling …

Lacoste launches NFTs and DAO Accessible luxury brand Lacoste has launched a nonfungible token (NFT) project named Undw3 that includes a new decentralized autonomous organization (DAO) that will offer token holders voting power on certain products and business partnerships. There are 11,212 NFTs in total — in a nod to the firm’s popular polo shirt L1212 — that were sold for a mint price of 0.08 Ether (ETH) or roughly $96 each on June 14. The NFTs depict an animated alligator that pokes the top of its head out from underwater. The collectibles appear to have had reasonable demand, as …

Git open-source repositories are a popular method for storing code. Unfortunately, a high degree of centralization means there's a single point of control — sparking fears about the prospect of censorship resistance and security. And as more code is written, it can become less secure. Solutions are now being developed for the teams who manage these open-source repositories — with decentralized autonomous organizations sometimes tasked with building consensus around a code. They can encourage and incentivize developers to look at the code and attest to its security. The technology of Everscale Network, a layer one blockchain recognized for its stability …

What is an investment DAO? A decentralized autonomous organization (DAO) that raises and invests capital into assets on behalf of its community is an investment DAO. Investment DAOs tap into the power of Web3 to democratize the investment process and make it more inclusive. DAOs can have their units in tokens that are listed on a crypto exchange. The community rules are agreed upon and governance is enforced through smart contracts. Governance rights (voting) can be prorated based on the holdings in the DAO. Related: Types of DAOs and how to create a decentralized autonomous organization A decentralized organization that …

This past week, the decentralized finance (DeFi) ecosystem was ruled by decentralized autonomous organizations and new fund launches for the growth of the Web3 ecosystem. The total number of DAOs surged by eight times while Solana launched a $100 million DeFi fund. Optimism, an Ethereum layer-2 protocol that Vitalik Buterin recently praised for its governance model, lost 20 million tokens due to a mix-up of layer-1 and layer-2 addresses. A leaked 600-page copy of a United States crypto draft bill also grabbed the community’s attention, as it proposes heavy regulatory scrutiny for DeFi and DAOs. The top-100 DeFi tokens showed …

The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward and the number of votes cast have all seen astounding 8-times growth over the past 12 months. Data compiled by Snapshot Labs and shared by Electric Capital Engineer Emre Caliskan in a Thursday tweet highlighted that DAO numbers have increased by 8.8 times, from 700 in May 2021 to 6,000 now. The number of proposals has increased by 8.5 times, and the number of total votes has increased by 8.3 times over the past 12 months, from 448,000 to 3.7 million. 1/ DAO governance activity …