‘Minimum Viable DAO’ Product Looks to Supercharge Web 3 Governance
Decent Labs has an opinion on what the future of DAOs should look like, and it’s baking it into a new set of tools. Original Source
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Governance
ENS and the Limitations of DAO Governance
Brantly Millegan has mostly avoided accountability. What does that say about decentralized voting systems? Source
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DeFi may turn to DAO governance to reduce regulatory risks in 2022: Report
KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto industry in 2022 and governance will be run through decentralized autonomous organizations (DAOs).With the DeFi ecosystem continuing to be plagued
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Tron’s Justin Sun Accused of ‘Governance Attack’ on DeFi Lender Compound
There are dozens of decentralized stablecoins now on the market, which is largely dominated by centralized alternatives like Tether and USDC. Additionally, generating interest and usage is an uphill battle if lending protocols, and other DeFi platforms don’t accept deposits. Original Source
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First cross-chain governance proposal passes on Aave
On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave (AAVE). According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, a proposal executed on Aave, which is built on the
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Axie Infinity devs release governance token for Ronin Blockchain to mixed player response
On Thursday, Sky Mavis, the creator of monster-battle game Axie Infinity, released its much-anticipated RON governance token. The token is based on its Ethereum (ETH) sidechain Ronin Network. Its purpose includes paying for transactions on Ronin, staking, and participating in community proposals.According to its developers, Ronin has over 250,000 unique daily
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Axie Infinity Founder Sky Mavis Launches RON Governance Token
“It's important that Ronin has shared ownership by the community that builds and uses it. In the first month of Ronin, Axie experienced a 300% increase in monthly NFT trading volume and a 131% increase in daily active battlers,” said Jeff Zirlin, Sky Mavis growth lead and co-founder. Source
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Pay-to-Play Governance Builds Steam as Bribe Raises $4M
“Conceptually, this is exactly how governance should look here,” they said. “Let’s not have any pretensions of true democracy here – we’re working with governance tokens as votes. The world we have to [get to] before utilities can stop being built, there needs to be a clear, transparent price tag
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What Is a Governance Token?
Governance tokens, therefore, get some of their value from the fact they confer certain powers to their holders. That may contribute to their sizable valuations: Luna ended 2021 trading at more than $80. In this way, they differ from conventional cryptocurrencies like bitcoin, which functions more like traditional money as
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A DeFi Governance Case Study
Omakase in particular remains a frequent target for trolling in Sushi’s governance forums, particularly from self-professed members of the LevX DAO. However, Omakase notes that for all the noise, those calling for him to be fired have little actual power: Despite LevX being one of the largest recipients of Sushi
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