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A new Pre-PIP submitted to the Polygon DAO outlines a plan to utilize $1.3 billion in stablecoin reserves currently held in the Polygon PoS bridge. The proposal, authored by Allez Labs, Morpho Association and Yearn, suggests gradually moving these idle assets into yield-generating protocols, which could produce around $70
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President Donald Trump has reportedly offered the position of Securities and Exchange Commission (SEC) Chairman to Paul Atkins, a former SEC Commissioner known for his pro-cryptocurrency stance. This development comes as current Chairman Gary Gensler prepares to step down in January 2025. Multiple industry sources have confirmed that Trump has
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A federal court in California has ruled that members of Lido DAO, a cryptocurrency governance organization, can be held legally liable as general partners, marking a significant shift in how decentralized autonomous organizations (DAOs) may be treated under state law. Judge Vince Chhabria of the U.S. Northern District Court
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Traditional cryptocurrency market making has faced criticism for centralized control and lack of transparency, leading to concerns about market manipulation and barriers for smaller projects. Several initiatives are now emerging to address these challenges through decentralized approaches. Recent data shows significant activity in decentralized market making, with one platform reporting
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Binance Labs has made its first investment in decentralized science through BIO Protocol, a platform that manages a network of healthcare-focused decentralized autonomous organizations (DAOs). The investment amount was not disclosed by the parties. BIO Protocol currently coordinates eight biotech DAOs that fund and develop new therapeutic solutions. These organizations
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TON Foundation, the organization behind Telegram's blockchain network, launched Society DAO - a new governance framework to decentralize its $12.5 billion ecosystem. Four major entities will lead TON's development under the new model: TON Core, TON Society, Wallet in Telegram and TON Studio. The foundation
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When Uniswap Labs launched Unichain without asking UNI token holders, they exposed what many suspected: DAO governance is often just a facade for centralized decision-making. On October 11, Uniswap Labs rolled out their Unichain testnet. They didn't consult the DAO. They didn't seek approval. They just
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The recent hype surrounding DAOs in sports overlooks a crucial fact: the sports industry is already a highly efficient, self-organized structure. This realization challenges claims that DAOs could revolutionize sports management and fan engagement. Professional sports leagues and teams have developed complex, effective organizational structures over decades. These systems balance
Finnish startup Kampela has achieved a significant milestone in the blockchain industry by securing funding through a Decentralized Autonomous Organization (DAO) on the Polkadot network. This makes Kampela the first hardware project to be fully backed by a DAO in the Polkadot ecosystem, demonstrating the potential of decentralized governance in
Newsletter
Hey DAO Enthusiasts, welcome to the new DAO Times Newsletter! DAO Cartographer Kaf has compiled the latest grants, funding opportunities, community insights, and latest readings from the decentralized world. Grants & Opportunities * Mode AiFi Accelerator offers up to $10M in seed funding and $100k in prizes for AI x DeFi
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Aragon announced a new feature for its Multichain Governance plugin on September 12, 2024, allowing Ethereum Mainnet DAOs to conduct gasless onchain voting. The update aims to boost participation in DAO governance by eliminating transaction fees for voters. The system utilizes LayerZero V2 for cross-chain vote aggregation, ZKsync's
Newsletter
Hey DAO Enthusiasts, welcome to the new DAO Times Newsletter! DAO Cartographer Kaf has compiled the latest grants, funding opportunities, community insights, and latest readings from the decentralized world. Grants & Opportunities * ETHRome is offering 10 grants for top builders. This is your chance to join one of the largest