dYdX Foundation Requests $30M Budget, Pledges to Issue Annual Spending Report
The Foundation wants to preserve an 18-month runway through at least mid-2026.
DAO
PancakeSwap Proposes to Reduce CAKE Token Supply by 300 Million
More than 99.95% of the community, representing 70,000 votes from CAKE holders, favored the proposal shortly after it went live.
SEC Blasts ‘Purportedly Decentralized’ DAOs in $1.7M Settlement with BarnBridge
BarnBridge failed to register its structured crypto product with the SEC, regulators alleged.
Animoca-Backed Game Wallet Wars Delegates Release Decision to DAO Vote
The decision to launch Wallet Wars, a Web3 iteration of the 1970s arcade game Space Invaders, was taken by a vote of Balthazar DAO, not a management committe.
Arbitrum Voters Polarized Over ‘Research’ Pitch With $2M Price Tag
Proposed coalition of professional researchers could help “accelerate decision-making” at the Ethereum layer-2 project, but complaints have surfaced over the cost and potential conflicts of interest.
Abu Dhabi Enacts DLT Framework for DAOs, Web3, TradFi Firms
(Kamil Rogalinski/Unsplash)
Marshall Islands Further Strengthen’s Law That Made DAOs Legal Entities
The Republic of the Marshall Islands has passed legislation that takes its already advanced law for decentralized autonomous organizations (DAOs) a step further.
DAO-Builder SuperDao Shuts Shop, Returns Investor Money
SuperDao, the platform that helps communities build their own decentralized autonomous organization (DAO), has announced that it is shutting down and returning leftover money to investors.
Jade Protocol Faces Calls to Liquidate $31M Token Treasury
The crypto club Jade Protocol could become the latest DAO to die.
MakerDAO’s MKR Token Jumps 10%, Defying Crypto Market Slump
The rally occurred amid improving fundamentals of Maker, as the protocol has returned to make profits, Messari analyst Kunal Goel said.