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.

Important DAO News 📰

⚙️ 1inch Integrates Lumia for Enhanced Liquidity

1inch Network integrates Lumia to bolster liquidity and pricing, accessing centralized exchanges like Binance and KuCoin. The move aims to match or surpass centralized platforms' pricing in DeFi. Lumia's liquidity solution operates through a request for quote process, with plans for further integration with 1inch Fusion.

Source: 1inch integrates Lumia to provide more liquidity, better pricing

💰 Aave's "Merit" Airdrop: 280 WETH Rewards for Protocol Supporters

Aave's new "Merit" program, part of the Aave Chan Initiative, rewards user behavior aligned with the protocol's goals. With 280 WETH distributed to borrowers initially, Merit adjusts rewards based on user actions, backed by a $5 million budget.

Source: Aave DAO Launches "Merit" Airdrop, Distributing 280 WETH to Borrowers

🔗 Stake DAO Integrates Chainlink CCIP for Cross-Chain SDT Transfers

Stake DAO has integrated Chainlink CCIP across the Arbitrum, BNB Chain, and Ethereum mainnets, enabling secure cross-chain interoperability for its native token, SDT. Leveraging CCIP’s Simplified Token Transfer capabilities, Stake DAO facilitates seamless SDT transfers between different chains, improving accessibility and fostering growth in DeFi governance.

Source : Stake DAO Integrates Chainlink CCIP To Unlock Cross-Chain SDT Transfers

🔄 Arbitrum integrates Dencun support to Lower Transaction Fees

Arbitrum integrates the Dencun upgrade into its ecosystem through the Atlas update, leveraging blob transactions to reduce Ethereum Layer 2 transaction costs. This implementation follows Arbitrum DAO's governance approval, signaling a significant stride toward enhanced efficiency and lowered fees on the Arbitrum network.

Source: Arbitrum rolls out Atlas upgrade, adding Dencun support and blobs

Weekly DAO Changes 📊

New DAOs State

Over the past week, a total of 1138 new DAOs were established, reflecting a 0.70% addition ratio. Among these, the majority were created through Snapshot (1082), followed by Aragon (15), Xdao (25), Colony (15), and Party (1).

Top 3 Biggest Gainers and Losers

Spiral DAO leads the gainers pack with an impressive treasury increase of $822,757.47 (105.17%), followed closely by Mantra with a growth of $4,966,302.25 (96.53%) and Tornado Cash with a gain of $3,237,690.92 (67.66%)

On the downside, pNetwork experienced the most significant setback, with a treasury decrease of -$1,114,088.08 (-56.37%). MEOW DAO and Dtravel also suffered notable losses, declining by -$151,184,152.60 (-40.50%) and -$6,470,456.82 (-36.04%) respectively

Governance Activity

The past 7 days, a total of 4,986 new members joined the DAO ecosystem, representing a 0.08% increase in total voters. Additionally, 896 new proposals were submitted, marking a 0.23% increase in proposal activity.

Proposal Participation Highlights

DEFI DAOs

• Stargate: "Use idle STG/USDC PoL on Fantom to Earn at Equalizer" - 83,091 voters.

• Arbitrum DAO: "Catalyze Arbitrum Gaming: HADOUKEN!" - 19,213 voters.

• Arbitrum DAO: "Expand Tally Support for the Arbitrum DAO" - 5,820 voters.

NFT DAOs

• Aavegotchi: "Strategotchi V2.0 funding" - 375 voters.

• Treasure DAO: "TIP-38: Future of Treasure’s Arbitrum Council (ARC)" - 336 voters.

• Crypto Unicorns: "Release of Unencrypted Tuning JSON Files" - 80 voters.

Significant Proposals 💡

🔒 dYdX Set to Vote on $67M DYDX Staking Proposal

The dYdX community is gearing up for a vote on a proposal by Stride Protocol to stake 20 million DYDX tokens, valued at about $67 million, from its pool. Stride aims to boost the economic security of the dYdX chain by redistributing stake weight among validators and auto-compounding rewards to enhance the community treasury's staked position.

Source: dYdX Community to Vote on Staking $67M DYDX with Stride Protocol

💸 JUP DAO Gears Up for a Busy Next Week

Next week, the JUP DAO braces for pivotal moments, including the initiation of funding for the Core Working Group, capital injection of 10M USDC and 100M JUP, and the launch of community discussions on the grants program. These steps mark critical progress in the JUP DAO's journey, fostering growth and collaboration within the Jupiverse ecosystem.

Source: Jupiter Twitter Announcement

🏁 ApeDAO Approves AIP-406: Multi-Year Partnership Proposal with Redacted F1 Team

ApeDAO has approved AIP-406, paving the way for a multi-year partnership with a prominent Formula One team, Redacted. This proposal outlines strategic objectives to enhance brand visibility and community engagement through exclusive activations and collaborations

Source: AIP-406: ApeCoin DAO multi-year partnership with Redacted, a Formula One Team

🎮 Catalyze Arbitrum Gaming: HADOUKEN!

Arbitrum DAO signals support for the Gaming Catalyst Program (GCP) by proposing allocation of 200 million ARB from the treasury, urging the Arbitrum Foundation's involvement in establishing legal entities.

Source: Catalyze Arbitrum Gaming: HADOUKEN!

Stay ahead of the game

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⚠️ 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.