The "Weekly DAO" Newsletter [Dec. 28 - Jan. 2]

🥂 Happy New Year Everyone 🥂

Welcome to your weekly dose of DAO news! In this newsletter, we'll cover the most important changes, proposals, and developments within the DAO ecosystem. Stay up-to-DAO with the latest trends and innovations as we delve into the dynamic world of decentralized governance.

DAO News 📰

🏆 Sky Hits Record $40.86M in December Fees and $26.77M in Revenue

Sky, previously MakerDAO, achieved unprecedented financial milestones in December, generating $40.86 million in fees and $26.77 million in revenue. These figures mark the protocol’s most successful month, surpassing its previous highs by over $8 million in fees and $7 million in revenue. The platform also recorded a single-day peak of $1.67 million in fees on December 9, driven by strong demand for its lending services through DAI stablecoin transactions.

Source: cryptopotato.com

🗨 Cardano Foundation Faces Community Governance Criticism

The Cardano Foundation is under scrutiny as debates on governance intensify within its community. Key concerns include decentralization and accountability, with founder Charles Hoskinson highlighting the misalignment of the Foundation’s 600 million ADA treasury with community interests. Hoskinson emphasized the need for better community engagement through tools like CIP-1694 and the draft Cardano Constitution to ensure sustainability and transparency, warning that current governance practices could hinder ecosystem growth.

Source: bitcoinhaber.net

👀 ai16z Plans Tokenomics Overhaul with Memecoin Launchpad and L1 Blockchain

AI agent protocol ai16z is revamping its tokenomics ahead of launching a memecoin launchpad and a Layer-1 blockchain tailored for AI applications. The proposed launchpad will integrate value-capture mechanisms, such as staking and liquidity pools, while the L1 blockchain aims to support AI agent interactions. With a market cap exceeding $1.5 billion, ai16z is capitalizing on the rising interest in AI agents, as demonstrated by partnerships like Stanford’s research into AI in digital economies.

Source: coinspeaker.com

📢 Radiant Capital Shares Updates on $58M Loss Recovery and Governance

Radiant Capital, a multi-chain lending protocol, has provided updates following the October attack that resulted in $58 million in losses. Recovery efforts and fundraising are ongoing but have seen limited progress. A revised remediation plan is set for DAO voting, with a separate proposal addressing unlimited authorization losses expected in Q1. Additionally, the platform is preparing for a governance vote to elect a new community council, marking the next step in its recovery and operational continuity.

Source: binance.com/square

Weekly DAO Changes 📊

New DAOs State

Over the past week, a total of 32 new DAOs were created, reflecting a 0.03% addition ratio in the ecosystem. The majority were created through Snapshot (17), followed by Aragon (13) and xDAO (2).

Governance Activity

The past 7 days, a total of 228 new members joined the DAO ecosystem, representing a minor 0.01% increase in total DAO voters. Additionally, 301 new proposals were submitted, marking a <0.01% increase in overall proposal activity.

Proposal Participation Highlights

DEFI DAOs

  • Equilibria Finance: "[Epoch #82] Weekly Pendle Gauge Vote" - 420 voters.

  • zkLink: "[No.3] Proposal to Integrate Symbiotic and Adjust OP Rollup Chain Deposit Functionality" - 292 voters.

  • MetisDAO: "Ecosystem Proposal: Aqualis Protocol - A new DEX with integrated lending protocol on Metis" - 134 voters.

NFT DAOs

  • Botto Dao: "BIP-72: P5.Botto Drop with Verse" - 28 voters.

  • Decentraland DAO: "Council formation centralizes power giving too much control to a few individuals" - 27 voters.

  • Crypto Unicorns: "Season 6 Governance Council Election" - 17 voters.

Noteworthy Active Proposals 💡

🗳️ Metis DAO Explores Uponly Platform to Advance Token, Meme, and AI Agent Launches

Metis DAO is deliberating a proposal to launch Uponly, a decentralized platform designed for seamless token creation, meme trading, and AI agent deployment on the Metis blockchain. With gamified features like raffles, referral incentives, and permissionless DEX listings, the platform aims to enhance user engagement and expand Metis’ ecosystem. A portion of the trading fees will support CryptoChicks, aligning with Metis’ commitment to inclusivity in blockchain innovation.

Voting ends on Jan 04, 2025.

Full Proposal: Ecosystem Proposal: Uponly - The ultimate platform to launch token, memes and AI agents on Metis

VitaDAO is considering a proposal to establish Vitality Now, a Swiss Association, to manage legal, regulatory, and contractual responsibilities while ensuring decisions remain community-driven. This entity would serve as the legal steward, executing VitaDAO’s governance directives, safeguarding intellectual property, and maintaining regulatory compliance. Proposal's goal is to improve operational clarity, protect assets, and align with Swiss and international law.

Voting ends on Jan 07, 2025.

Full Proposal: VDP-160: Vitality Now Association Setup – The New Legal Steward for VitaDAO

💰 Cerebrum DAO Introduces Treasury Strategy to Maximize Passive Income

Cerebrum DAO’s CDP-16 introduces a plan to optimize its treasury by generating passive income while safeguarding funds for scientific initiatives. Key measures include maintaining USDC for six months of expenses, staking ETH for yield, and using native tokens for liquidity provisioning. The framework prioritizes risk management and community oversight for any modifications.

Voting ends on Jan 03, 2025.

Full Proposal: CDP-16: Treasury Management

🗺️ Talken Community Reviews 2025 Roadmap Proposal

Talken's 2025 roadmap outlines strategic ecosystem expansions, including a TALK staking service to drive governance participation and the introduction of global Web3 services in Asia. Product updates aim to enhance multi-chain wallet compatibility with support for non-EVM chains, seamless transaction fee delegation, and accessibility improvements through browser extensions and passkey onboarding. Implementation will commence upon community approval.

Voting ends on Jan 06, 2025.

Full Proposal: [TIP-2] Proposal for the 2024 Roadmap Review and 2025 Roadmap

📝 Arrow Air DAO Votes on Standardized System for Task, Bounty, and Grant Submissions

AIP-005 seeks to introduce a streamlined process for task, bounty, and grant submissions within Arrow Air DAO. The proposal includes the use of standardized "Information Note" documents, a structured GitHub folder system for organizing deliverables, and mandatory Discourse topics for ongoing communication. If passed, the initiative aims to enhance transparency, consistency, and accountability in the DAO's project management.

Voting ends on Jan 07, 2025.

Full Proposal: AIP-005: Task, Bounty & Grant Submission

Stay ahead of the game

Stay up-to-date with the most exciting updates, insights and DAO statistics as well as earn platform points (👀) by subscribing to the "The Weekly DAO" Newsletter!

🔗Useful Links

⚠️ Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as financial advice. Readers are encouraged to conduct their own research before making any investment decisions.

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