More than 62% of SushiSwap voters backed the move to a “Labs model” in a signal vote on April 10, showing support for the DEX’s shift toward a less decentralized business structure.
DAO News
A DAO, or Decentralized Autonomous Organization, is an idea for a firm that is ruled with enforced digital rules and without hierarchical management. DAO as an idea is very close to Bitcoin in its attempt to get rid of all middlemen in transactions.
The most important attempt to create DAO is “The DAO”--a machine-operating venture organization launched in 2016. The basic idea for an interested person was to put money into the system and then get an amount of votes used for elections of ideas worth investing in. Even the biggest critics of DAOs were in love with the idea, but they also found a lot of flaws and security holes in “The DAO”. Although the project failed within a couple of months because of the hack which resulted into hackers gaining control over 3.6 million Ether, it was a big success as a first product of sorts, gathering money from more than 10,000 users. It is likely that we will hear some DAO news soon.
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Voting for and against the proposal was evenly matched but recently tipped in favor of the “yay” despite continued criticism of the plan on social media. Voting ends on April 10.
2136At the time of writing, the proposal for re-enabling borrowing on Prisma received 100% “Yes” votes from participating DAO members, signaling strong community support for the cause.
2237Unlike many projects, bitsCrunch prioritizes building a functional network. It tackles the challenge of interpreting blockchain data, making it valuable for businesses and individuals alike.
13478D3 will lead the effort to prepare and submit the application after the majority (91.68%) of the ApeCoin voters did so in favor of the proposal.
6637SlowMist urges transparent DAO operations amid recent transfers, sparking questions about fund destinations.
1527The community of ICP, a protocol that makes bridgeless cross-chain transactions possible, looks to take full control of upcoming events.
19070The funds will be used to support ecosystem initiatives and reward long-term contributors.
36394The extension of liquidity should provide decentralized finance users with pricing that “matches or even surpasses” that of centralized platforms.
3973DAOs promise collective and transparent decision-making. However, whales and fake accounts threaten fair voting.
16826The adjustments include changes to Maker Vaults, SparkLend DAI Borrow Rate, the PSM, the Dai Savings Rate (DSR), and the Governance Security Module (GSM) Pause Delay.
7839The new regulation enables decentralized autonomous organizations to establish contracts with third parties, open bank accounts, pay taxes and provide liability protection to its members.
19343ShapeShift lived up to its name with a 2021 structural transformation, but it didn’t escape the wrath of the SEC.
3552Interpath Advisory has taken control of the HectorDAO Treasury after allegations of an ‘inside job’ hack.
3481Real-world assets face liquidity, fragmentation and regulation issues in the investment realm — the solution lies in blockchain.
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