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DAO
Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom
MetaDAO, a Solana experiment in governance by "futarchy," raised a total of $2.2 million to fund operations.
COMP Down 6.7% after Supposed 'Governance Attack' on Compound DAO
A whale holding COMP tokens is helping push through a governance proposal that would allocate $24 million in COMP to a yield-bearing protocol called goldCOMP.
DAO-Specific Legislation Isn't Needed Yet, English Legal Body Says
The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being.
Wyoming Grants DAOs New Legal Structure
The governor signed a law setting up a legal status – "decentralized unincorporated nonprofit associations" – for DAOs there, and one investment firm called Wyoming an "oasis."
Uniswap's UNI Gains 20% as Token Reward Proposal Inches Closer to Approval
Uniswap's reward sharing mechanism, if approved, could inspire other DeFi protocols to follow suit.
USDR Issuer Tangible Plans to Redeem Itself as a Layer-2 for Real-World Assets
First came the literal redemption for failed stablecoin USDR. Now comes the metaphorical redemption as Tangible changes its name to re.al.
Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction
Gauntlet co-founder John Morrow said his team "found it difficult to navigate the inconsistent guidelines and unwritten objectives" of Aave's "largest stakeholders."
MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit
Certrik suggests the exploit could be due to a rounding error.
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.
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
The crypto insurance protocol is anticipating growth stemming from a recent partnership.
