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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With privacy tools that completely obfuscate transactions, a seven-year-old blockchain is moving its liquidity to decentralized exchanges.
Decentralized privacy protocol launches yield farming to shift liquidity to DeFi
Connor Sephton
2021-06-21T22:15:00+01:00
2439
Sponsored
A decentralized project is building nonfungible tokens that can store other NFTs and get them to work together and take actions, even on smart contract-free blo...
Advanced NFT’s ‘art legos’ will give tokens interactivity and long-lasting utility
Connor Sephton
2021-06-18T18:23:17+01:00
1358
News
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit.
Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
Andrew Thurman
2021-06-17T00:58:32+01:00
2389
News
Which takes precedence: the open-source ethos of DeFi, or the natural right to protect the fruits of your intellectual labor?
DAOs in court? Curve Finance ponders enforcing license over rival Saddle
Andrew Thurman
2021-06-16T18:57:03+01:00
2417
News
A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit.
New DAO launches after $230M funding round including Peter Thiel, Alan Howard
Helen Partz
2021-06-16T10:59:43+01:00
14014
News
Alchemix and Yearn.Finance appear to be squaring off with Curve and PoolTogether, but for now there are harmonious solutions.
As Yearn.Finance’s yield vaults grow, ‘crop’ projects define boundaries
Andrew Thurman
2021-06-15T19:43:36+01:00
7725
News
Data analytics website, DeepDAO, has secured $3 million from notable investors to expand its data suite for tracking decentralized autonomous organizations.
DeepDAO secures $3M for expansion even as DAO treasuries halve in one month
Samuel Haig
2021-06-04T04:43:17+01:00
7620
News
Multiple parties added capital to Endaoment, which aims to turn its ecosystem into a decentralized autonomous organization for donations — a charity for the peo...
Funding surpasses $2 million for this charity DAO
Benjamin Pirus
2021-06-02T19:13:42+01:00
10878

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