This article offers a 10,000ft view on the ‘Decentralized {Autonomous} Organization’, or DAO tooling and project landscape. It’s intended to be complementary to introductory posts like Linda Xie’s ‘A beginner’s guide to DAOs’. The goal is to help contributors and participants better acclimate themselves with the distinct project categories and relevant infrastructure leading the growing…

It’s been a wild week for the DeFi traders, with ETH experiencing a mini bear-bull cycle over the course of just a few days.  After reaching a then all-time high above $2,500 last week after Coinbase was listed, ETH took a dive over the weekend hitting lows just above $2,050. But this week, ETH has…

By Tyler Whirty and Kevin Nielsen Wyoming’s bid to be the “Delaware of digital assets” continued this week. Governor Mark Gordon signed bill SF38 into law on Wednesday, making Wyoming the first state in the country to address the legal treatment of decentralized autonomous organizations, or DAOs.  What exactly does that mean?  DAOs are entities…

Ampleforth, the rebasing token which aims to create a currency with stable purchasing power by programmatically managing supply, has launched its FORTH governance token. Anyone who has interacted with AMPL, the stable token, can claim FORTH tokens. The token, which was listed on Coinbase Pro Wednesday, is trading at $41 at the time of writing,…

Safemoon, a Binance Smart Chain token, soared by 16 times in the past week driven by TikTok videos, only to immediately whiplash holders as it went on a dizzying ride that has halved its value. The token, whose platform’s only use case is to provide mechanisms to manipulate its price, is 54% below its high…

PancakeSwap, the leading Binance Smart Chain application in terms of market capitalization, blamed recent performance woes on an overloaded blockchain.  “No, #PancakeSwap isn’t slow, BSC is just overloaded right now,” the tweet said. “We also have an ATH number of people using the site.” The increased demand for BSC block space appears to be the…

Crypto markets experienced a severe correction over the weekend, with most assets dropping double digits. While difficult to pinpoint a specific cause for the drop, it is evident that the high amounts of liquidations arise from an overleveraged market.  Both derivatives markets and decentralized lending markets experienced tumultuous action during the weekend. On-chain activity points…

Injective Protocol, a decentralized derivatives exchange, said it raised a $10M at a $1B valuation from investors including Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly BitMex Ventures), among others. Dallas Mavericks owner Mark Cuban also participated, while Cumberland, DRW’s crypto arm, disclosed its investment in the company. “Raising a sum of money so small relative…

Synthetix users will soon be able to trade proxies of the most popular US tech stocks. Synthetix, the synthetic derivatives protocol, will launch its Alnilam update tomorrow which includes three Synthetix Improvement Proposals (SIPs) and adds support for eight new assets, including tokens tracking prices for FAANG stocks –– Facebook, Amazon, Apple, Netflix and Google…

EasyFi, a Compound Finance fork launched directly on the Polygon Layer 2 Network, suffered a major hack on Monday, losing over $60M of the project’s EASY tokens and also $6M of users’ provided liquidity. The hacker gained access to the project’s admin key, which allows developers to make changes to their protocol. The attack is…