Incentives drive behavior by providing motivation or rewards for specific actions. Incentive alignment then ensures that the interests and goals of different parties are aligned.

Mango Labs’ $47 million civil suit against crypto trader Avraham Eisenberg isn’t just the latest legal drama to emerge from the destructive exploit of Mango Markets. It’s also a case study in how the ideals of crypto governance take a back seat to real-world contracts law.

Shyam Narayan happens to have been successful in the launching of his metaverse venture, philanthropy DAO. This happens to be the very first one of its kind, and nothing like it ever delivered before this. The fundamental concept of venture philanthropy happens to be a structure whereby philanthropy-oriented organizations inculcate a business way of working towards the solving of social-related matters.

Non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. Through ever-evolving crypto and blockchain-related technology, crypto philanthropists told Cointelegraph that they've witnessed “new wealth distribution mechanisms" never seen before. “Philanthropy has traditionally been seen as a high-cost-of-entry, individualistic activity but with web3, collective decision-making bodies like DAOs can use tools that streamline financial coordination and encourage more participation,” explained Omar Antila, Product Lead at Crypto for Charity. (Cointelegraph)

We talked to some of our favorite DAOs on the issues they consider important for the security of DAOs. Some of the themes that emerged were around governance, smart contracts, and treasury.

Binance and Coinbase, and their respective founders, will be integral to any industry rebuild. As their fortunes go, so goes crypto in 2023.

For my part, it is obvious that Sushi is no longer a real community project, and that they are ready to sacrifice a lot to keep (or increase) their salary, despite the bear market.

Decentralized lending protocol Aave will implement a “proof of reserve” system to protect bridged assets on Avalanche, a decentralized finance (DeFi) twist on the centralized exchanges racing to shore up customer confidence in the wake of FTX.

The Ethereum Name Service (ENS) decentralized autonomous organization (DAO) members voted to elect stewards for three working groups for the forthcoming year.

<a href="https://cryptoslate.com/coins/sushiswap/">SushiSwap</a> Head Chef&nbsp;<a href="https://cryptoslate.com/new-sushi-head-chef-promotes-asset-backed-tokens-receives-83-of-vote/">Jared Grey</a> has disclosed that the DAO will spend about $5.2 million for its operating costs in 2023, with over 80% of the budget going to salaries.

CZ V SBF: Crypto Titans in Twitter spat; tether launches offshore Chinese yuan (Cnh₮); Japan, South Korea and UK want to police stablecoins; understand how Merkle trees benefit blockchains.

The community of <a href="https://www.coindesk.com/learn/how-does-makerdao-work-understanding-the-central-bank-of-crypto/">MakerDAO</a>, one of the largest decentralized finance (DeFi) protocols, voted to increase the rewards rate for its <a href="https://www.coindesk.com/price/dai/">DAI</a> stablecoin to 1%.

ApeCoin DAO is getting a new NFT marketplace that will sell Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherdeed NFTs.