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 …