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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
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
📊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
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
🔥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
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
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!
🔥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!
💡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
📊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
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
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
💡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!🔥
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 👇

https://daoism.substack.com/p/joining-the-dao-five-tips-on-how

📌Subscribe to our Substack to get regular exclusive articles on DAO!
📊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
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
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
💡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!🔥
🔥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!
💡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.
2025/07/07 23:19:11
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