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SushiSwap Head Chef Discloses $5.2M Budget for DAO Operation in 2023

<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.

Chain Insights — Why Communities Are the Driving Force Behind Web3

For every new wave of cultural and technological change comes a reimagined definition of community.
Chain Insights — Why Communities Are the Driving Force Behind Web3

US Judge in Ooki DAO Trial Orders CFTC to Serve Original Founders With Lawsuit

A federal judge has ordered the Commodity Futures Trading Commission (CFTC) to serve Tom Bean and Kyle Kistner with its lawsuit against Ooki DAO. Bean and Kistner are the founders of bZeroX, a company that allowed its users to trade crypto derivatives products in the U.S. Bean and Kistner converted the company into a decentralized autonomous organization (DAO), which eventually rebranded to Ooki DAO. (Coindesk)

The Block Fully Owned by SBF? Crypto Titans in Twitter Spat; Staked ETH to Release Soon | Cointime Weekly Dec.04 – Dec.10

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 Block Fully Owned by SBF? Crypto Titans in Twitter Spat; Staked ETH to Release Soon | Cointime Weekly Dec.04 – Dec.10

What Are Decentralized Autonomous Organizations, and How Are They Funded

Funding your DAO means keeping a healthy treasury, running operations, and making sure these communities are fulfilling the goals that their DAO was spun up for.
What Are Decentralized Autonomous Organizations, and How Are They Funded

Uniswap Foundation Proposes Changes to Crypto DEX's Governance, Voting Processes

The Uniswap Foundation is putting to vote a series of governance changes that it said would streamline voting in the so-called "decentralized autonomous organization" that manages Uniswap, one of the most popular venues for decentralized crypto trading.

CFTC and Crypto Lawyers Duke it Out Over Service in Ooki DAO Case

Controversially, the CFTC distributed legal service to DAO users via the DAO’s chat box. Most legal proceedings require physical, in-person delivery, but the CFTC got the court on board with a special exemption in October, as the case was kicking off. DeFi advocates reacted heatedly. On Wednesday night, a San Francisco court heard virtual arguments over the mechanism of service. Arguing with the CFTC’s lawyers were not Ooki DAO’s lawyers. (The Block)

‘Do You Believe in Second Chances?’ Another DAO Is Raising Funds to Buy US Constitution

One month after Sotheby’s announced it would be <a href="https://www.sothebys.com/en/articles/sothebys-to-auction-one-of-only-two-first-printings-of-the-u-s-constitution-remaining-in-private-hands">auctioning off</a> another original copy of the U.S. Constitution, a decentralized autonomous organization (<a href="https://www.coindesk.com/learn/what-is-a-dao/">DAO</a>) called UnumDAO, also known as “<a href="https://twitter.com/WAGBTC">ConstitutionDAO2</a>,” is trying to buy it.

Many DAOs and Web3 Projects Are ‘Decentralization Theater’: Tezos Co-Founder

Tezos Co-Founder Kathleen Breitman says many Decentralized Autonomous Organizations remind her of middle school. “The way I see most of these DAOs fail, it’s like they basically act as a really crappy school project,” she said. “When I was in middle school, I was always the person who wound up doing the work in the school project, so I'm very sensitive to this dynamic,” Breitman said a DAO can quickly devolve into one member taking a larger stake in the decision-making process than their peers, and warned against putting people in a position of power that gives them the authority to overrule decisions once members of a DAO have weighed in. (Decrypt)

MakerDAO Community Votes to Hike DAI Rewards to 1%

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%.