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 📰

🚀 DeXe and GraFun Launch Next-Gen Memecoin DAOs with Fair Curve Token Model

DeXe has teamed up with GraFun, a memecoin launch platform, to implement a Fair Curve token launch model designed to prevent price manipulation and rug pull schemes. In this structure, a DAO is formed post-token listing, with 40%+ of the token supply allocated to the DAO treasury, enabling community-driven project development. On launch day, DeXe saw 30 new DAOs created, $50 million in TVL added, and active governance participation, showcasing the immediate impact of this innovative approach.

Source: Dexe Network on X

🧳 Treasure DAO Begins Migration to ZKsync with New 'Topaz' Testnet

Treasure DAO has announced its migration from Arbitrum to ZKsync, with 99.5% of its community supporting the move. This decision aims to leverage ZKsync's zero-knowledge technology, seen as better suited for decentralized gaming and mass adoption. A public testnet, "Topaz," will be launched soon, followed by a mainnet within two months. Treasure DAO's core products, including MagicSwap and Treasure Connect, will be upgraded to integrate ZKsync’s infrastructure, setting the stage for enhanced scalability and security in the gaming ecosystem.

Source: coinmarketcap.com

🤝 Ubisoft Partners with Magic Eden for Captain Laserhawk NFT Collection

Ubisoft has announced the launch of a 10,000-piece NFT collection, "Niji Warrior IDs," on Magic Eden, minted on the Ethereum Layer-2 network Arbitrum. The NFTs will grant early access to Ubisoft’s upcoming game Captain Laserhawk: The G.A.M.E., featuring characters from well-known franchises like Assassin’s Creed and Rayman. These evolving NFTs will offer in-game perks and governance participation, allowing holders to influence game updates. The NFT mint is scheduled for the coming weeks, with closed beta testing already underway.

Source: nftplazas.com

🙌 Vitalik Buterin Encourages Memecoin Creators to Form DAOs for Charitable Contributions

Ethereum co-founder Vitalik Buterin recently converted 10 billion Moodeng tokens into 308.69 ETH, worth approximately $762,000, to fund charitable initiatives targeting anti-airborne disease technologies. Buterin also urged memecoin creators to establish DAOs for community-driven charitable efforts, suggesting a more direct involvement in philanthropy through decentralized decision-making. His move highlights the potential for memecoins to support meaningful global causes, as well as the growing intersection between crypto assets and charitable contributions.

Source: coinotag.com

📅 RAK DAO Celebrates First Anniversary with 2024 Blockchain and Web3 Conference

RAK DAO, the world’s first digital assets Free Zone with Common Law features, is celebrating its one-year milestone by hosting the RAK DAO 2024 Conference on October 25 in Ras Al Khaimah. The event will bring together industry leaders to explore blockchain, Web3, and digital assets innovations. RAK DAO has forged partnerships with over 40 global entities and issued 300+ licenses, solidifying its position as a global digital assets hub. The conference will feature key figures from Hacken, Circle, Chainlink, and Mastercard, among others.

Source: unlock-bc.com

Weekly DAO Changes 📊

New DAOs State

Over the past week, a total of 74 new DAOs were created, reflecting a 0.04% addition ratio in the ecosystem. The majority were created through Snapshot (63), followed by Aragon (10), and xDAO (1).

Top 3 Biggest Gainers and Losers

This week, Solend leads the gainers with an impressive $7,883,128.38 increase, representing a 289.67% rise in treasury value due to substantial inflows. Dtravel follows with a $1,411,394.45 gain, marking a 19.53% increase, driven by a 14.0% uptick in $TRVL token value. SafeDAO also reports significant growth, showing a $20,670,180.75 increase, translating to an 18.84% rise in treasury value, backed by a 19.9% increase in $SAFE token value.

On the losing side, SSV.Network records a steep decline of $2,533,214.00, reflecting a 41.0% drop in treasury value due to a large outflow of funds. UNIVERSE by UNILAPSE also sees a decline of $2,169,571.92, marking a 36.0% decrease, along with a 36.5% drop in $UNI token value. Lastly, VIDT DAO faces a $2,855,894.07 loss, equating to a 35.0% decrease in treasury value, driven by a 25.3% fall in $VIDT token value.

Governance Activity

The past 7 days, a total of 381 new members joined the DAO ecosystem, representing a minor increase of less than 0.01% in total DAO voters. Additionally, 263 new proposals were submitted, marking a <0.01% increase in overall proposal activity.

Proposal Participation Highlights

DEFI DAOs

• Equilibria Finance: "[Epoch #70] Weekly Pendle Gauge Vote" - 886 voters.

• GMX: "GMSOL or GMX-SOLANA? Decide then Sail" - 493 voters.

• Metis DAO: "Ecosystem Proposal: BUZZ (Multiple-chain Gamefi Platform)" - 268 voters.

NFT DAOs

• Decentraland DAO: "Add sammich game to genesis plaza." - 24 voters.

• Decentraland DAO: "Genesis Plaza upgrade!" - 17 voters.

• Decentraland DAO: "Deprecation of the current Grants program and Bidding and Tendering process" - 17 voters.

Noteworthy Active Proposals 💡

💎 MANTRA DAO Proposes New OM Tokenomics Ahead of Mainnet Launch

MANTRA DAO has introduced a comprehensive proposal to revamp its OM tokenomics in preparation for the MANTRA Chain mainnet launch. The plan focuses on sustainable growth by adjusting token allocations, vesting schedules, and simplifying inflation rates, with a fixed 8% inflation for the first year. The proposal also includes a "special surprise" for OM stakers, rewarding them for their commitment. A new emission schedule ensures over 90% of legacy OM will be in circulation by the time of the mainnet launch, ensuring a stable foundation for long-term growth in the Real World Assets (RWA) space.

Voting ends on October 10, 2024.

Full Proposal: Update around OM Tokenomics moving into MANTRA Chain Mainnet

✋ Dissolve Non-Essential ApeCoin DAO Working Groups

ApeCoin DAO is evaluating the closure of four working groups—Governance, Marketing & Communications, Metaverse, and Web3 Development—due to concerns about inefficiencies. The groups, collectively costing the DAO nearly $3 million annually, have been flagged for underperformance. The proposal suggests reallocating tasks to third-party contractors, aiming to save money, streamline operations, and improve focus on higher-priority goals within the DAO's ecosystem.

Voting ends on October 17, 2024.

Full Proposal: AIP-466: Proposal To Close Non-Essential Working Groups

🌉 World Chain Proposes Integration of Across Protocol for Efficient Token Bridging

World Chain has proposed integrating Across Protocol into its ecosystem, enabling the bridging of tokens such as WETH, WBTC, and USDC across various chains, including World Chain. This integration is set to enhance Across’s market reach by tapping into World Chain’s expanding user base and bridging volume. The collaboration aims to leverage Across’s intent-based infrastructure to offer efficient, cost-effective token transfers. Both teams have conducted technical feasibility studies, and an audit has been completed to ensure a seamless deployment.

Voting ends on October 13, 2024.

Full Proposal: Integrate Across on World Chain

⚰️ Deprecation of Decentraland DAO Current Grants Program and Bidding Process

Decentraland DAO is voting on deprecating its existing Grants Program and Bidding and Tendering processes. The proposal stems from concerns around vote influencing, community tensions, and inefficiencies, with many funded projects failing to meet expectations. If approved, new proposals will be frozen, ongoing projects will continue under supervision, and the Revocations Committee will be dissolved. This move seeks to establish a more strategically aligned funding model that better supports Decentraland's long-term goals.

Voting ends on October 14, 2024.

Full Proposal: Deprecation of the current Grants program and Bidding and Tendering process

💰 ENS Public Goods Working Group Funding

The ENS Public Goods Working Group is requesting $226K USDC to cover operational needs through April 2025. The funds will support grants for builders and initiatives focused on open-source software, tooling, and research that benefit Ethereum and Web3. The request aims to ensure funding continuity, allowing next season's stewards to access funds before the following funding window. Key categories include builder grants, perpetual bounties, event sponsorships, and discretionary expenses to support public goods.

Voting ends on October 14, 2024.

Full Proposal: [5.17.3] [Social] Funding Request: ENS Public Goods Working Group

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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.