State of the DAOs — August 17th

3 min readAug 17, 2023

For the first time, over 40% of DAO members tracked by DeepDAO are active users, having voted at least once on a proposal. Meanwhile, BitDAO passed Optimism in treasury size and can upset Arbitrum for that number one spot.

DAO News

Aave DAO members are discussing converting its 2.7 ARB allocation into stablecoins or ETH.

Illuvium’s peer and self evaluation process proposal has been approved, giving a clearer path to meritocracy and accountability in the DAO.

Want to vote in an Elvis Legacy Council DAO (or know what it is)? Watch this interview with the Sandbox cofounder.

Silo DAO voted to swap 1M USDC for the decentralized LUSD stablecoin.

There is a screenshot floating around purporting to show that Aragon was trying to sell itself as recently as in June, pressured by activist investors.

TRON DAO Ventures has acquired $2M worth of CRV, taking advantage of the token’s price decline post-exploit and committing to launch Curve on its TRON and BTTC networks.

SHIB Doggy DAO got an investment firm, Alpha Transform Holdings, as an advisor.

MakerDAO founder gave an interview to CoinDesk about DAO voter participation and MakerDAO’s endgame.

DAO Proposals

No high-importance proposals this week. Only 24 mid- and 23 low-importance ones.