State of the DAOs — August 3rd
Check out this must-hear interview with the CEO of DeepDAO we had earlier this week. Also, Optimism’s treasury finally (barely) topped that of Arbitrum.
DAO News
The Curve Finance hack is leading the news, especially since its founder’s massive $100M in loans at Aave, Frax, and other lending protocols, secured by CRV, is a systemic threat to crypto. He has been selling CRV at a massive discount on OTC to various crypto whales (including Justin Sun) to try to avoid a cataclysm in the market. It’s still too early to determine if this will be enough. In the meantime, the Curve DAO voted to disable rewards in the pools affected by the hack.
The Israeli government is seeking public input on DAO regulation.
Balancer DAO voted to allocate 100k USDC to incentivize its launch on the Avalanche network.
Sushi DAO has partnered with the Gresham International law firm and tasked them with creating the best legal entity for the DAO’s needs.
Decentraland DAO will sell some of its treasury’s LAND tokens, trying to do so in a way that does not flood the market.
Aave DAO has adjusted its veBAL voting weight to accommodate its GHO liquidity pools.
DAO Proposals
No high-importance proposals this week. Only 17 mid- and 25 low-importance ones.
Most proposals deal with Parameters (15) and Team (15). Frax and Osmosis are especially active.
Most active members by DAO
Stargate Finance is hovering around 800k active members, with others far below.
Stargate Finance — 801.5k
SyncSwap — 220.9k
Arbitrum One — 189.8k
PancakeSwap — 130.3k
Optimism Collective — 88.7k
Stay tuned!
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