State of the DAOs — April 25th
DAO treasury total lost over $4B as the price of Ethereum came off of last week’s high mark. Still, the space keeps growing in the number of DAOs, users, and active voters. In fact, the number of active voters finally broke through 30% of the total governance token holders.
DAO News
▪️California is drafting a legal framework for DAOs.
▪️A research paper took a deep dive into on-chain voting, asking how decentralized are DAOs really.
▪️DAO Times put together a list of digging through DAO proposals.
▪️In a win for NFT IP, Yuga Labs won a copyright lawsuit against a copycat. Yuga’s ApeDAO, meanwhile, is releasing $1M to fund public goods projects.
▪️Aptos DAO introduced delegated staking.
▪️How can DAOs scale? Maybe with zk proofs, as this writeup explores.
▪️DAOs trying to fund public goods may want to consider quadratic funding.
▪️72% of MetaTrekkers DAO voted to party, i.e. to launch a 10-month entertainment series in Decentraland to onboard users to Web3.
DAO Proposals
This week’s only high-importance proposal is by Silo DAO and concerns disabling XAI as collateral.
There are only 8 medium but 31 low-importance proposals active this week. Maker DAO, Hop Protocol, and ApeCoin each have several proposals active.
Almost all of the proposals concern either Parameters (14) or Team (25).
Most Active DAOs
The Top 5 by proposal activity again include some unknown DAOs alongside household names like PancakeSwap:
Most Active DAOs:
1. PancakeSwap
2. Iwan
3. AlexDAO
4. Arbitrum-named DAOs
5. NFT Finance
Stay tuned!
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