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DAO Maker

DAO Maker

DAO
$1.83
+1.58%
$1.72 24H Price $1.84

DAO Price Live Data

DAO Maker today's live price is $1.83 USD with a 24-hour trading volume of $38,737,438 USD. DAO Maker has climbed by 1.58% in the last 24 hours. The current ranking is #261, with a live market cap of $275,119,944 USD, and a circulating supply of 149,996,746 DAO coins.

Market Cap
+1.58%
$275,119,944
Volume (24h)
-16.58%
$38,737,438
Circulating Supply
149,996,746 DAO
Fully Diluted Market Cap
$ 430,972,297

DAO RELATED NEWS

New Hampshire Considers Legislation to Grant Legal Personhood to DAOs

Legal systems around the world are struggling to keep up with the use of blockchain technologies, including smart contracts, cryptocurrencies, and digital assets. Decentralized Autonomous Organizations (DAOs) offer a new way of conducting governance and transactions, but the lack of appropriate legal rules creates uncertainty and risk. New Hampshire is considering a new legal entity law for DAOs that would grant them legal personhood and limited liability, but this is not yet widely recognized. The proposed New Hampshire Decentralized Organization Act aims to establish a legal framework that recognizes DAOs as legal entities and grants limited liability protection to participants.

DAOs as novelty search engines

DAOs are collaborative networks which are likely to have a unique role in the future. To determine this role, you need to be able to look beyond what is happening today. Like a toddler taking its first steps, the DAOs of today are immature, unsteady and likely to stumble.

Governor of Wyoming, US, signs encryption bill establishing framework for recognizing DAO as legal entity

Last Thursday, Wyoming Governor Mark Gordon signed the Decentralized Unincorporated Nonprofit Association Act, which is a landmark law that establishes a framework for recognizing DAO (decentralized autonomous organizations) as legal entities.

Hector Network enters receivership, with its remaining DAO assets valued at $9.3 million

The struggling DeFi project Hector Network has entered bankruptcy proceedings in the British Virgin Islands. Consulting firm Interpath is awaiting final confirmation from the court to liquidate the remaining funds of the project. It is reported that the remaining assets of Hector DAO are worth $9.3 million. On February 19th, on-chain data showed that a total of $9.3 million worth of USDC and Ethereum were transferred multiple times from Hector DAO's known treasury wallet address to a new address in the GnosisSafe wallet. Interpath is currently waiting for the British Virgin Islands court to confirm its role as the receiver, which is expected to be determined on March 12th. After that, the company stated that it will continue to implement the plan to liquidate assets and distribute them to Hector Network investors.

Arbitrum Treasury Management Report by Aera

A well-managed treasury is the key to the sustainability and growth of a DAO, ensuring that there are sufficient funds to support ongoing operations, to invest in growth opportunities, and to navigate challenging market conditions. Treasury management is accomplished primarily through investment, which for most DAOs involves spending on initiatives that aim to generate substantial value in the future. As long as the amount spent is less than the value accrued, the investment is generally a good one.

Democratising tokenholder DAOs

Almost all DAOs that exist today operate like public companies: there’s a token, ownership and decision-making is derived by tokenholdings. Now, if the DAOs only purpose is to turn a profit for their tokenholders in addition to some CSR initiatives, this is perfectly fine. However, some DAOs may prefer to be more akin to a community, in which case a pure tokenholder DAO makes it a plutocracy where a few wealthy whales effectively control the DAO, which is the shittiest possible outcome for a community short of a non-benevolent dictatorship.

Governance & DAOs III: Cooperative models

DAOs are meant to be an abbreviation for Decentralized Autonomous Organization. Such an entity would actually necessarily require no governance. Adding in governance makes it definitely not autonomous and arguably not decentralized. Largely because crypto is all about tokens and speculation, DAOs have thus headed down the public companies model, with tokenholders as shareholders. The only real innovation here has been skirting securities laws and thus increasing accessibility to tokenholders.

Nouns Fork: Exploring the Griefing Attack

Nouns Fork is a minority protection mechanism that allows Nouners to exit Nouns DAO (aka OG DAO), into a fresh copy of Nouns DAO, reusing their token IDs and art, and the Nouns governance system, and taking with them their fair share of OG DAO’s treasury into the fork DAO treasury. Nouners need to band together to meet the fork threshold to be able to fork. We launched V1 of Nouns Fork with a known griefing vector, which we’d like to better explore and explain, and ultimately decide if there’s a worthwhile solution we should build.

Why DAOs need to consider adding High Yield USD to their Treasuries

Why DAOs need to consider adding hyUSD — a Diversified and Yield-bearing flatcoin — to their Treasuries Here is an appeal to DeFi, DAOs, and anyone managing treasuries: listen carefully to the case being made here, and decide if you are operating in the maximally-efficient and risk-averse ways possible.

UN digital governance body to establish DAO

Internet Governance Forum (IGF) of the United Nations has announced the establishment of a group to launch a pilot project for a decentralized autonomous organization (DAO). It hopes to explore how public sector institutions can deploy blockchain and DAO principles for governance structures. In addition to DAO governance, research topics also include digital asset management, identity, blockchain accessibility and security, and the use of this technology in economic development and investment.

oSnap: A case for off-chain governance?

A persistent issue Decentralized Autonomous Organisations (DAOs) face is the notion of voter apathy, which in turn hurts the economic security of a DAO. Voter apathy occurs when the complexity, concentration of power, and time and financial cost outweigh the benefits of participating in governance. In a pseudonymous world like DeFi, solving voter apathy is rather tricky and remains an ongoing challenge.

Aave community proposal proposes extending Aave DAO using EIP-4824

A new proposal from the Aave community suggests using EIP-4824 to expand Aave DAO. EIP-4824 defines a standard JSON schema for publishing basic DAO metadata on-chain. It achieves this by deploying a new smart contract to store the daoURI, and does not involve any fund transfers or changes to the Aave smart contract.

The SSV Network community voted to pass two proposals: "Mainnet Incentive Plan" and "Establishing SSV Foundation for DAO"

Ethereum staking infrastructure SSV Network has announced that two key proposals have been approved by snapshot voting. The main network incentive plan will reward DVT to promote wider adoption, while Foundation Incorporation will help simplify offline and online operations. The first proposal proposes to create an incentive layer for the running SSV main network, which rewards participants running on the SSV network in the coming year to promote the adoption of DVT and the growth of the SSV Network. If approved, the DAO multisig committee will initially mint 200,000 SSV into a new multisig wallet; the SSV minted during the incentive main network program will not exceed 1 million. The other proposal, "ssv.network DAO Foundation Merger," outlines the steps and motivations for establishing a Cayman Foundation (SSV Foundation) for the ssv.network DAO, including foundation documents, personnel, and establishment schedules. Within three months of the passage of this proposal, the Foundation Working Group (FWG) will be authorized to instruct the SSV Foundation to take necessary steps to complete the registration process and begin operations.

Abu Dhabi Unveils Regulatory Framework for Decentralized Autonomous Organizations (DAOs) and Distributed Ledger Technology (DLT)

Abu Dhabi, the second-most populous emirate in the UAE, has introduced a regulatory framework for decentralized autonomous organizations (DAOs) and other entities built on distributed ledger technology (DLT). This marks the first step towards such a framework by a Middle Eastern territory. The new framework allows DAOs to operate legally and issue tokens to their members, providing regulatory clarity for firms in the digital assets sector. Abu Dhabi is aiming to become a crypto hub alongside Dubai, and this move is part of a larger initiative to foster initiatives in the broader blockchain and digital asset realm.

Aragon Association announces dissolution, ANT holders can exchange tokens for ETH

DAO management platform Aragon announced the dissolution of its subsidiary, the Aragon Association. ANT holders can exchange their ANT for ETH at a fixed rate of 0.0025376 ETH/ANT. To facilitate this, the Aragon Association is deploying 86,343 ETH to the redemption contract on the Ethereum mainnet. Due to legal restrictions, particularly regulatory risks arising from token speculation and market manipulation, this decision cannot be subject to public voting. In the future, the Aragon Association will continue to fulfill its mission within a product-centric structure and use the remaining funds for product development.

Marshall Islands further strengthens laws making DAO a legal entity

David Paul, a member of the Republic of Marshall Islands Parliament, and Adam Miller, CEO and co-founder of MIDAO, stated that the Marshall Islands Parliament passed legislation last week to further promote its already-perfected decentralized autonomous organization (DAO) laws. The original law stated that DAOs do not need a board of directors, do not require written or paper records if they are on the blockchain, and every member of the DAO, except for one person, can remain anonymous. Those who do not wish to remain anonymous do not need to be in the Marshall Islands but must provide detailed KYC information. The revised law strengthens the advantages of the original law by providing faster registration times (up to 30 days). It also stipulates that DAOs will not be responsible for their use of open source software alone. In addition, the law stipulates that most governance tokens are not securities if they do not confer any economic rights. This move also makes the Marshall Islands the first country to legally incorporate DAO series limited liability companies.

DAO investment management agreement Aera completes US$8 million in financing, led by Bain Capital Crypto

On October 26th, Tarun Chitra, the founder of DeFi risk manager Gauntlet, announced the completion of an $8 million financing round for his new startup Aera. The round was led by Bain Capital Crypto, with participation from Jump Trading. Aera is a decentralized protocol aimed at helping decentralized autonomous organizations (DAOs) manage their finances. Chitra stated that Aera's goal is to enable DAOs to quickly respond to market changes while not sacrificing decentralization principles, providing them with crowdsourced investment portfolio management advice.

Ether.fi launches liquid staking token eETH, which can be re-staking on EigenLayer

Ether.fi has launched a liquidity staking token eETH, which can be heavily staked on EigenLayer. The team plans to open source the protocol entirely in December this year and achieve DAO governance by March 2024. 

ether.fi: Will Launch Native Re-staking Tokens on EigenLayer and Implement DAO Governance in March Next Year

October 16th, the non-custodial liquidity staking protocol ether.fi announced its decentralized roadmap on its social platform and will limit its market share. It promises to limit the number of validators and ETH self-restriction to less than 25% on the consensus layer of the protocol.

Waves founder: WX DAO will migrate to PowerDAO Protocol

Sasha Ivanov, the founder of Waves, posted on X platform that WX DAO will migrate to the PowerDAO Protocol. The DAO will be launched tomorrow and all gWX will automatically receive POWER. Sasha Ivanov also released the roadmap for WX for the next few months: launching the futures market, introducing synthetic assets, launching a USDT token, and re-enabling fiat integration.

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