DAOs promise collective and transparent decision-making. However, whales and fake accounts threaten fair voting.
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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The 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.
7343The new regulation enables decentralized autonomous organizations to establish contracts with third parties, open bank accounts, pay taxes and provide liability protection to its members.
19107ShapeShift lived up to its name with a 2021 structural transformation, but it didn’t escape the wrath of the SEC.
3397Interpath Advisory has taken control of the HectorDAO Treasury after allegations of an ‘inside job’ hack.
3418Real-world assets face liquidity, fragmentation and regulation issues in the investment realm — the solution lies in blockchain.
14595Investors claim the HectorDAO team failed to protect their assets after the protocol’s deployer account whitelisted a malicious hacker address.
9247Streaming services overtake the box office but host problems for creators that blockchain can solve.
16058Factland DAO co-founder Evan Hansen tells The Agenda podcast that decentralization can help cut through media bias when fact-checking information.
1454Co-founder Pablo Moncada said the ambitious goal is lofty for a reason, and that his DAO could eventually become a solution to the “walled-off” landscape of space exploration.
1459Storm Partners should help the DAO to “face the many challenges its decentralized nature poses.”
1697DAOs emerge as a potential solution to centralized governance, offering democratic and transparent decision-making.
12245The protocol’s governing body has agreed to pay a $1.4 million disgorgement to the U.S. Treasury, and its two founders will each pay a civil penalty of $125,000.
2312The group didn’t say what it would do with its DAO but emphasized its potential to facilitate decision-making.
2044The DAO-centric event took place in Athens, Greece over two days and focused on everything from governance and legal issues to community building and security.
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