Weekly newsletter of DAO highlights / Issue #17
The DAO industry has continued to boom with activities. From efforts geared towards legal compliance to tackling internal governance issues, pre-space preparations, and decentralized funding for longevity research, here’s a rundown of some of the top stories in the DAO space over the past week.
Top Stories
DAObox designs a framework to help DAOs become legally complaint
Regulatory compliance has grown to become a big deal in the crypto space, DAOs inclusive, that can make or break a project. That said, DAObox has published a framework for using legal wrappers within DAOs. The paper provides a step-by-step guide for selecting and implementing a legal wrapper for a DAO, covering aspects such as the DAO’s mission and vision, legal needs and risks, and drafting legal documents.
VitaDAO to establish a for-profit company to fund longevity research
The longevity-centric Web3 collective has passed a proposal to create VitaTech, a US-based for-profit company that will secure and distribute funding to longevity-related projects. VitaDAO will raise “non-dilutive funding” from research foundations and government grants such as the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs.
MoonDAO secures spots for Zero-G flight experience with NASA astronauts
MoonDAO has secured 22 spots on the June-scheduled zero gravity experience by Zero-G. For a price of $15,000 per individual, members of the DAO will have the opportunity to experience true weightlessness in a specially modified Boeing 727 G-FORCE ONE aircraft, piloted by NASA astronauts Doug Hurley and Nicole Stott.
BitDAO votes on adjusting Bybit contribution to DAO treasury
BitDAO is poised to transition from its current dynamic exchange-linked Bybit Contribution to a fixed-schedule amount over the next 48 months. The decision is expected to shift the DAO’s focus from treasury growth to product and user growth while enhancing the stability and predictability of $BIT tokenomics.
Editor Picks
How Arbitrum’s governance brouhaha reinforced the decentralization ethos
Join Kofi Whelan as he takes a deep dive into the good and ugly aspects of Arbitrum’s recent governance saga. Although the now infamous AIP-1 failed to pass, the will of the people triumphed.
The importance of diversified DAO treasuries
In this article, Whelan emphasizes the importance of DAO treasury diversification. Taking a cue from Uniswap DAO, its treasury was valued at nearly $12 billion at the peak of the last bull run. However, it now sits at just $2.5 billion, largely due to a lack of diversification into other assets such as stablecoins.
A look at academic research and development in decentralized science
Join our intern Jyotirmoy Barman as he discusses the DeSci movement, exploring the potential benefits and challenges of decentralized science for academic research and funding.
Other News
- dYdX DAO has approved a proposal to migrate its governance forum from Commonwealth to Discourse. The move is aimed at improving community participation in governance discussions.
- A recently published Messari report has revealed that a significant percentage of DAO labor allocations went toward Product & Development initiatives in 2022. The “State of DAO Funding” report reached this conclusion after analyzing data from ten leading decentralized organizations.
- Push DAO has officially launched a Bug Bounty Program for its decentralized communication platform.
- Over the past week, Bankless DAO ratified a governance proposal seeking to establish a Governance Department. The new department will be responsible for updating and maintaining DAO’s constitution and other governance documents.
