SushiSwap Community Votes To Cut Salary Of Next ‘Head Chef’ to 500k USDC
The SushiSwap community has voted to compensate future candidates for its vacant position of head chef – akin to CEO in a traditional company – with a base salary of 500,000 USDC, down from a previous proposed package of $800,000 worth of stablecoins.
Synthetix Community Considers Ditching Inflationary Tokenomics
The Synthetix community is considering putting an end to its inflationary economics in ten weeks’ time.
Web3 Could Unleash Innovation by Overturning Age Bias in Startups
Web3 has the potential to even the playing field between experienced techies and the next generation, writes James Whitley.
Gnosis Votes on Whether to Spin Out DeFi Infrastructure Project as Independent DAO
Gnosis is considering a spinout of one of its key units in its ecosystem.
What the History of Democracy Can Teach Us About Blockchain Governance
Prof. Andrew Hall writes that democracy provides a fitting template for solving some of thornier governance problems in DAOs.
New OlympusDAO Fork Aims to Defy Protocol’s Reputation as a ‘Useless Asset’
A new OlympusDAO fork is attempting to overcome the protocol’s controversial reputation with governance ‘meta-tokens.’
DeFi Projects Embrace Vote Locking Governance Tokens to Boost Valuations
More DeFi projects are following Curve’s lead and embracing vote locking governance tokens to enhance value.
What is Protocol Owned Governance? | First Look into Lobis – Approved Fork of OlympusDAO
Lobis is an Approved Olympus fork specialized to ensure that OlympusDAO can participate in DeFi governance.
MakerDAO Ponders the Unthinkable as Members Debate Incorporation and Paying Taxes
Should DAOs pay taxes? And, if so: Where? There’s a conversation underway in MakerDAO about how it should relate to the governments of the world, which has implications for the whole DeFi industry. In short, people are talking about whether or not MakerDAO should find a way to pay its taxes. “I don’t think anyone […]
Rari Capital Launches Permissionless Lending Pools to Become Uniswap of Lending
Rari Capital, the DeFi protocol created by teenagers, has shipped perhaps its biggest product to date — permissionless lending pools. The new feature allows anyone to create a lending and borrowing pool on the open interest rate protocol, meaning anyone can create a pool for any asset, thereby expanding DeFi possibilities. Projects like NFTX, which […]
The Founder of LOOT Wants to Throw Away the Keys to the Contract
The founder of Loot wants to throw out his most magical item: the smart contract keys that govern the nascent game. “I worry that the contract owner is and always will be the de facto authority (‘the church’) on Loot, and that this will ultimately harm the project,” its creator, Dom Hofmann, best known for […]
Uniswap Proposal Stirs Up Controversy in DeFi on DAO Fund Management
A Uniswap governance proposal riled up the DeFi community this week. The proposal, which has since been canceled, would have used yield generated from $25M in Uniswap treasury assets to pay employees at blockchain analytics platform Flipside Crypto. The payment would have been for Flipside to oversee a bounty program for pulling more users into […]
Tokens Don’t Make a Democracy: Buterin Critiques On-Chain Voting
Vitalik Buterin, criticized the state of on-chain governance today on his blog, arguing blockchain projects have become overly reliant on token-based voting as they try to become more decentralized. Buterin wrote: “The most important thing that can be done today is moving away from the idea that coin voting is the only legitimate form of […]
There’s Now an App for Bribing Curve Token Holders
Curve Finance, the decentralized automated market maker (AMM) focused on stablecoin swaps, continues to cement its position as one of the cornerstones of DeFi and holders of its veCRV governance token continue to reap the rewards. On Aug. 12, Yearn founder Andre Cronje released a tool that allows DeFi projects to bribe veCRV holders with […]
Governance Wars Break Out Over Proposal to List BOND on Aave
DeFi’s latest DAO war is offering an inkling to just how thorny tokenized governance can get. Supporters of the tokenized risk protocol BarnBridge are upset as a proposal to list the project’s BOND token as collateral on lending platform Aave has been met with unexpected resistance from a handful of large token holders in the […]
Bare Knuckle Governance, Tales From the Streets ($UNI, $SUSHI $ADDY)
Governance has been dominating the conversation in recent weeks as DAO’s explode out of every orifice and big money decisions grip the communities of Sushiswap and Uniswap. Adamant shocked everyone by attempting to blacklist the wallets of Alameda Research. What’s going on in this new era of gloves off governance behaviour and what is a16z […]
Decentralized or Not? The Uniswap Protocol and Interface Are Different Beasts
Uniswap is one of the few DeFi protocols that runs fully permissionlessly, without interruptions or possible human intervention. It’s considered to be the gold standard for the space, which is why it was so jarring when management behind the decentralized exchange decided to remove 100 tokens from its interface. Uniswap Labs is the software development […]
UNI Sale Raises Concerns Regarding Newly Formed DeFi Education Fund
A series of unexpected trades in the last two days roiled the DeFi Education Fund set up by Uniswap token holders, leading to finger pointing and accusatory tweets as the newly formed lobbying organization struggled to fend off more controversy. It started yesterday when Igor Igamberdiev, a research analyst at The Block, said on Twitter […]
Treasury Troubles Solved: with the UMA range Token
A year ago we were all aping into DeFi farms hunting those precious governance tokens because, you know, NUMBER GO UP. Governance was basically seen as a LARP, a way to shank idiots into believing money really could be conjoured out of thin air. But I’ve become increasingly aware of grumbling around governance, particularly when […]
InstaDapp Releases Governance Token with 55% for Community Members
DeFi infrastructure protocol InstaDapp has launched their governance token, INST, on Ethereum Mainnet. INST holders will be able to discuss and vote on all future InstaDapp protocol upgrades. InstaDapp has minted 100M INST, allocating 55% for community members and the other 45% for team members, investors, and advisors. Initially, 10M INST will be available to […]
Yearn Proposal to Buy Ether Picking up Mojo
Yearn Finance users have sent a clear message — buy more Ether. More than 82% of voters in Yearn’s online poll have urged the platform to accumulate more of Ethereum’s ETH and strike a better balance with its native token, YFI. The poll supports buying Ether as an extension of Yearn’s Buyback and Build proposal […]
Gnosis Merges With Snapshot to Facilitate On-Chain Governance
Gnosis’ newly launched DAO governance tool, SafeSnap, aims to allow users to execute decentralized governance decisions without incurring expensive gas fees on-chain. Gnosis has merged its multisig wallet, Gnosis Safe, with the off-chain (and therefore gasless) DAO governance dashboard, Snapshot, to create SafeSnap as an addable module for Gnosis Safe. SafeSnap is designed to verify […]
How to Trade Stocks if Your Robinhood Account is Frozen (Mirror.Finance)
Did Robinhood freeze your account? Do you want to buy stocks but you can’t? Well, that’s exactly why we have DeFi — it’s permissionless, it’s trustless, no one can freeze your account here. In this tutorial we take a look at how to buy stocks using Mirror Protocol. Mirror Protocol is a synthetics protocol providing […]
We Need to Re-Think Decentralized Governance
A Token Doesn’t Make You Decentralized. So What Does? On Sept 17th, 2020, Uniswap air dropped 150M tokens — worth ~$450M at the time — to anyone who’d ever interacted with the protocol. Many viewed this as a move towards decentralization. In fact, The Defiant, perhaps my favorite publication in the space, wrote that day, […]
Aave Governance Picks Up Steam With Two New Proposals
Aave yesterday posted two new governance proposals for its lending protocol, the fourth largest in DeFi with more than $1.3B in deposits, one of which may lead to an increased pool of assets to be managed by token holders. The first – AIP2 – proposes to take protocol fees collected from Aave V1 to seed […]