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 📰
🥭 Mango Markets Shuts Down Amid Regulatory Scrutiny
Solana-based DEX Mango Markets is closing operations following enforcement actions by the SEC and CFTC. The platform cited challenges from the $110M exploit in 2022 and subsequent regulatory scrutiny. Mango DAO and related entities faced penalties for unregistered activities, agreeing to destroy MNGO tokens and settle with regulators. Users are urged to close positions as the platform ceases operations.
Source: dailyhodl.com
💰 Sky’s Spark Protocol Allocates $1.1 Billion to Ethena’s USDe and sUSDe Tokens
Sky’s lending subDAO, Spark Protocol, is integrating Ethena’s USDe and sUSDe tokens into its liquidity layer, with plans to allocate up to $1.1 billion. This shift introduces a significant yield opportunity, with the potential to generate approximately 27% APY under favorable conditions. The integration marks a strategic move to diversify stablecoin exposure while expanding liquidity management across the Sky ecosystem.
Source: theblock.co
📢 Polygon’s Community Grants Program Season 2 Kicks Off with 35M POL Funding Pool
Polygon’s Community Grants Program Season 2 has officially begun, with a funding pool of 35 million POL aimed at supporting innovation within its ecosystem. Running from January 14 to April 15, 2025, the program includes two tracks: Direct Grants, offering 20 million POL for high-quality projects across sectors, and Grant Allocator Tracks, with 15 million POL dedicated to AI, DePIN, and memecoin initiatives.
Source: blockchainreporter.net
👀 Aiccelerate DAO to Introduce Vesting After Controversial Token Launch
Aiccelerate DAO (AICC), focused on supporting crypto-AI projects, faced backlash after insiders rapidly sold tokens following its launch, despite the project's valuation soaring to $150 million. The controversy highlighted issues with the distribution, as all tokens were allocated to advisors and insiders during the presale. In response, Aiccelerate DAO announced plans to implement a vesting structure for individual allocations and is consulting advisors to extend this measure.
Source: theblock.co
📈 DeXe DAO Surpasses $1B TVL and Launches Staking Feature
DeXe DAO continues its rapid expansion, reaching over $1 billion in total value locked (TVL) after adopting its Treasury Consolidation proposal. Approximately 60% of the $DEXE supply is now secured within smart contracts on Ethereum and BNB Chain, ranking DeXe DAO as the 7th largest by treasury size.
DeXe has also introduced a staking feature with $8.5M allocated, offering five staking tiers (1 to 24 months) and multi-chain pools across Ethereum and BNB Chain. Staked tokens retain voting power, enabling governance participation. Nearly $29M $DEXE was staked within two hours of launch, indicating strong initial adoption.
Source: x.com/DexeNetwork
Weekly DAO Changes 📊
New DAOs State
Over the past week, a total of 43 new DAOs were created, reflecting a 0.03% addition ratio in the ecosystem. The majority were created through Aragon (20), followed by Snapshot (19) and xDAO (4).
Governance Activity
The past 7 days, a total of 380 new members joined the DAO ecosystem, representing a minor 0.01% increase in total DAO voters. Additionally, 277 new proposals were submitted, marking a <0.01% increase in overall proposal activity.
Proposal Participation Highlights
DEFI DAOs
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Equilibria Finance: "[Epoch #84] Weekly Pendle Gauge Vote" - 1,010 Voters.
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Wojakians DAO: "WIP:01 ICO VESTING" - 573 Voters.
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LOKA DAO: "AIP-001B: W/LOKA to power the new web3 gaming ecosystem (Arena-Z)" - 341 Voters.
NFT DAOs
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Mutant Cats DAO: "InDAOpendence DAY proposal!" - 225 Voters.
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Aavegotchi: "Modify DAO ETH Sell Ladder" - 189 Voters.
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Bio.xyz: "BIOPSY-18 ? Bridge BIO to Base" - 110 Voters.
Top 3 Biggest Gainers and Losers
This week, Physis DAO leads the gainers with a $29,043,605.69 increase in treasury holdings, driven by an 81.0% surge in $PHY token value. DAOSquare follows with a $1,938,646.54 growth in its treasury, fueled by a 31.4% rise in $RICE token value. Paladin rounds out the top three gainers, adding $1,051,984.01 to its treasury, supported by a 22% increase in $PAL token value.
On the losing side, Fingerprints DAO sees the largest drop, with its treasury shrinking by $1,992,276.07 due to significant fund outflows. Vow Governance experiences a $2,633,394.81 decline in treasury value, reflecting a 35.1% fall in $VOW token value. Lastly, deBridge records a $837,333.01 reduction in its treasury, impacted by a 12.3% decrease in $DBR token value.
Noteworthy Active Proposals 💡
🌱 XBorg DAO Expanding XBG Liquidity with a New USDC Pool on Base
XBorg proposes transferring 50% of its XBG/WETH liquidity from Arbitrum to establish an XBG/USDC pool on Aerodrome Finance, Base's leading DEX. The plan includes launching a 90-day liquidity mining program with 800,000 XBG tokens to incentivize liquidity provision. This move aims to diversify liquidity, access Base's DeFi ecosystem, and create additional trading opportunities, while maintaining sufficient liquidity on Arbitrum.
Voting ends on Jan 16, 2025.
Full Proposal: XIP #21: XBG on Base
🎯 Arbitrum DAO Advances Treasury Diversification with STEP 2 Proposal
Arbitrum DAO has introduced the second phase of its Stable Treasury Endowment Program (STEP 2), proposing a 35 million ARB allocation to real-world assets for treasury diversification. The program focuses on U.S. Treasury-backed instruments, aiming to generate stable yields, support operational funding, and enhance the RWA ecosystem on Arbitrum. This follows the successful implementation of STEP 1 in mid-2024.
Voting ends on Jan 17, 2025.
Full Proposal: Non-Constitutional: Stable Treasury Endowment Program 2.0
🐈 Mutant Cats DAO Proposes InDAOpendence Day Rewards and Celebrations
Mutant Cats DAO has introduced a proposal to commemorate its community’s independence with InDAOpendence Day rewards and activities. The proposal includes distributing a 40 ETH reward among active voters and allocating 0.5 ETH for celebratory events, funded through the sale of memecoins and Solana assets. Voting is required for eligibility, with an additional 0.005 ETH reward for participation.
Voting ends on Jan 20, 2025.
Full Proposal: InDAOpendence DAY proposal!
🗳️ Uniswap DAO Votes on Governance Principles for Decision-Making
Uniswap DAO is voting to confirm a set of governance principles aimed at guiding decision-making. The proposed framework includes principles on transparency, decentralization, disclosure of conflicts, and accountability, alongside process-oriented rules like maintaining an onchain focus and securing DAO operations. If approved, the principles will be recorded onchain to ensure transparency and long-term alignment with the DAO's goals.
Voting ends on Jan 17, 2025.
Full Proposal: Uniswap DAO Principles
🚧 Morphex Considers Wind-Down of Fantom Operations Amid Infrastructure Challenges
Morphex DAO has proposed winding down its operations on Fantom due to the discontinuation of critical infrastructure, including price feeds for FTM-USD. The proposal outlines transitioning to a close-only mode for margin trading, ending staking incentives, and facilitating the conversion of esMPX to MPX at a 0.5 ratio. Treasury liquidity management is also up for vote, with options to either hold assets separately or deposit into MPX/USDC pools on SpookySwap or BeethovenX. Voting will determine the next steps for the protocol's assets and operations.
Voting ends on Jan 17, 2025.
Full Proposal: Proposal for winding down Morphex platform operations on Fantom
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.
