State of the DAOs — July 12th

2 min readJul 12, 2023

It’s official: there are now over 7 million DAO members. And the % of active ones is really close to approaching 40%, even while the overall treasury volume is falling.

DAO News

Arbitrum’s AIP 1.1 is approved, locking 700B ARB in a 4-year vesting distribution to recover from the AIP 1 scandal.

Grayscale Investments bet hard on Lido by making LDO 19% of its DeFi fund’s holdings.

Index Coop published a report identifying the most pressing problems in the on-chain structured products market.

Multichain halted operations after $125M worth of outflows.

BarnBridge DAO is halting all work while it’s being investigated by the SEC.

DeSo offered a $1M bounty to create a decentralized version of Reddit — is a DAO coming?

Gitcoin DAO is endorsing a proposal to improve on quadratic funding via the Quadratic Experimentation and Development Program (Q.E.D.).

Curiously, the IMF sees DAOs as dangerous for Marshall Islands.

DAO Proposals

There are 4 high-importance proposals this week, plus 25 mid- and 29 low-importance ones. Aave, Spartan Council, the Optimism Collective, and Decentraland are especially active.