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 📰

✅ GnosisDAO Approves $40M GnosisVC Fund to Fuel Gnosis 3.0 Vision

GnosisDAO has voted to fund the $40M GnosisVC Ecosystem Fund, committing $20M while attracting an additional $20M from external partners. This venture aims to support early-stage projects aligned with Gnosis 3.0, focusing on expanding decentralized applications and payment infrastructure. Initial investments cover three key areas: Real World Assets, Decentralized Infrastructure, and Financial Payment Rails, already backing projects like Monerium and Schuman Financial’s upcoming euro stablecoin.

Source: crypto-reporter.com

💥 Synthetix Launches V3 Perpetuals on Arbitrum

Following a recent governance proposal approval, Synthetix has launched its v3 liquidity platform on Arbitrum, marking a major rollout for the protocol. Kwenta, a popular perpetuals exchange, will be the first DeFi protocol on Arbitrum to leverage Synthetix’s v3 multi-collateral capabilities, offering unique trading collateral options. This collaboration aims to boost liquidity options and address delays in Synthetix’s product development, setting a new standard for perpetuals trading in the Arbitrum ecosystem.

Source: cointelegraph.com

💪 Lido DAO Launches Community Staking Module to Empower Small Ethereum Stakers

Lido DAO has activated its Community Staking Module (CSM) on Ethereum’s mainnet, offering a more accessible path for individual stakers. Starting with an Early Adoption phase, the CSM requires as little as 2.4 ETH (or 1.5 ETH for early adopters) to participate in validator operations, significantly lowering entry costs. CSM supports Ethereum’s decentralization by inviting smaller stakers to strengthen network security, aligning with Ethereum’s mission to empower independent validators across the ecosystem.

Source: crypto-economy.com

🤝 Tron DAO Integrates with Chainlink to Elevate Oracle Services and Boost DeFi Ecosystem

Tron DAO has shifted its oracle provider from WinkLink to Chainlink, aiming to boost data accuracy and reliability for its major DeFi applications like JustLend and JustStable, which together exceed $6.5 billion in total value locked (TVL). Through Chainlink’s SCALE program, Tron will cover initial operational costs, including gas fees, while planning to transfer these fees to DApp users over time. The collaboration also aims to expand Tron’s ecosystem with new stablecoin and real-world asset (RWA) integrations.

Source: www.the-blockchain.com

🚀 VeChain Launches VePassport on VeBetterDAO to Improve Decentralized Governance

VeChain introduced VePassport on VeBetterDAO, a "Proof of Personhood" solution aimed at reducing Sybil attacks and improving transparency in decentralized governance. By validating user authenticity through proofs of participation, investment, and identity, the system ensures fairer voting and community involvement. Currently implemented in VeBetterDAO, VePassport's features, such as whitelist/blacklist verification and bot signaling, are designed to provide a safer, more inclusive governance environment.

Source: crypto-news-flash.com

Weekly DAO Changes 📊

New DAOs State

Over the past week, a total of 144 new DAOs were created, reflecting a 0.05% addition ratio in the ecosystem. The majority were created through Snapshot (88), followed by Aragon (54) and xDAO (2).

Top 3 Biggest Gainers and Losers

This week, Roko Network leads with a substantial increase of $2,870,117.84, marking a 68.66% rise in treasury value, driven by a 41% uptick in the $ROKO token. Redacted Cartel follows closely, posting a $10,871,684.92 increase, a 39.62% growth driven by a 45% increase in $BTRFLY’s value. Inverse rounds out the top gainers, adding $732,964.95, or 38.98%, mainly due to significant fund inflows.

On the downside, Aviator DAO experiences a steep treasury decline of $9,058,992.41, equating to a 64% drop, mainly due to a 41.6% decrease in the $AVI token. PartyDAO also reports a significant decrease of $3,964,417.71, marking a 59% drop attributed to a large outflow of funds. Lastly, XDAO experiences losses, totaling $7,802,831.17, reflecting a 53% decrease driven by a 58.6% decline in $XDAO's value.

Governance Activity

The past 7 days, a total of 355 new members joined the DAO ecosystem, representing a minor 0.01% increase in total DAO voters. Additionally, 276 new proposals were submitted, marking a <0.01% increase in overall proposal activity.

Proposal Participation Highlights

DEFI DAOs

• MetisDAO: "Ecosystem Proposal: PUMPe The Most Exciting Takeover" - 591 voters.

• MetisDAO: "Ecosystem Proposal: Houdini Swap x Metis Chain Integration" - 413 voters.

• Aave DAO: "[ARFC] Launch aUSDC GSM on Ethereum" - 230 voters.

NFT DAOs

• Aavegotchi DAO: "Gotchi Greetoors V2" - 218 voters.

• Mutant Cats DAO: "Should we sell APE and some Yuga assets?" - 144 voters.

• gm DAO: "GM87.1 : give one community token to Ferdi" - 21 voters.

Noteworthy Active Proposals 💡

⚔️ THORSwap Proposes Restructure with Equity and Compensation for THOR Holders

A new TIP proposes separating SwapKit’s IP and fee generation from THORSwap to allow fee generation and regulatory compliance while maintaining THORSwap’s autonomy as a DeFi platform. If approved, THOR holders could receive equity in SwapKit Inc. or share in a $6 million compensation pool, alongside improved tokenomics, including significant THOR burns. This restructuring aims to resolve revenue conflicts and support both projects’ growth.

Voting ends on November 8, 2024.

Full Proposal: [TIP-014] Future of THORSwap & SwapKit

🧬 VitaDAO Explores Its First Longevity Supplement

In an innovative move to broaden its impact, VitaDAO proposes developing its inaugural longevity supplement in partnership with Zola Nutrition. This project would allow VitaDAO members access to cutting-edge, life-extending supplements while creating a sustainable revenue stream to fund future longevity research. Key deliverables include a pre-order marketplace, data-driven formulation, and equitable revenue-sharing for IP held by VitaDAO.

Voting ends on November 1, 2024.

Full Proposal: VDP-157: Develop VitaDAO’s first longevity product

👻 New Save & Restore Features Proposed for Aavegotchi DApp

Aavegotchi DAO is voting on integrating a “save and restore” system along with a comprehensive per-game UI in the official DApp. These features aim to simplify managing Gotchis across multiple games by allowing users to save wearable setups and access in-game-specific stats for games like Battler and Dropt. With a budget of $22,240, the updates would include smart contract upgrades, a UI overhaul, and a new schema to handle game data.

Voting ends on November 5, 2024.

Full Proposal: Official DAPP new features added by the DAO

🌊 Magnify Cash is Considering $MAG/USDC Liquidity Pool on Base Chain

Magnify Cash DAO has proposed a $50k allocation to establish a $MAG/USDC liquidity pool on Base Chain, aiming to boost liquidity and reduce slippage for its $MAG token. With this bond program, the DAO seeks to eliminate liquidity debt, achieve protocol-owned liquidity, and enhance community engagement. If approved, vested $MAG tokens will be available at a slight discount, and liquidity status updates will be shared regularly to ensure transparency.

Voting ends on November 1, 2024.

Full Proposal: $MAG Token - Creation of a $MAG/USDC BaseChain Liquidity Pool

⚡ Activating Aave Generalized Risk Stewards to Manage v3 Pools

In a strategic move to enhance risk management across all Aave v3 pools, Aave DAO is seeking approval for the activation of Aave Generalized Risk Stewards (AGRS). This updated framework allows Chaos Labs to oversee a range of risk parameters while piloting automated interest rate updates for WETH in the v3 Lido Ethereum pool using Chaos Labs’ Edge infrastructure. The dual-instance system aims to optimize operational efficiency and responsiveness while maintaining rigorous security protocols.

Voting ends on November 1, 2024.

Full Proposal: [ARFC]. Aave Generalized Risk Stewards (AGRS) activation

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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.