TempleDAO exploit results in $2M loss
The hack was allegedly caused by “a missing onlyMigrator check.” Go to Source Powered by WPeMatico
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DAOs are in era 3.0 thanks to an infrastructure renaissance: Report
There are over 4,000 active DAOs, with treasuries totaling around $20 billion, which has many speculating that DAOs may still be a growing trend. Go to Source Powered by WPeMatico
MakerDAO goes ahead with $500M investment in treasuries and bonds
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield. Go to Source Powered by WPeMatico
Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) … Read more
Pro sports league Karate Combat to launch DAO for fan, athlete governance
Karate Combat’s DAO will be launched as part of a three-year sponsorship deal with Hedera’s HBAR Foundation, expected to go live in December 2022. Go to Source Powered by WPeMatico
Tornado Cash saga left a void, says Chainalysis chief scientist: Finance Redefined
A new report suggests the Ethereum staking ecosystem could become a formidable industry impacting a wider crypto economy. Go to Source Powered by WPeMatico
Panda DAO says it will dissolve and return investor’s assets due to internal strife
“Too much time in governance, too little time in development, too many voices in price. Too tired and refund it all,” a core team member wrote. Go to Source Powered by WPeMatico
DAOs will never work without fixing governance
Decentralized autonomous organizations have too many attack vectors that affect important projects. That needs to change for them to become practical governance models. Go to Source Powered by WPeMatico
Ethereum-Based ‘Cryptoruble’ Token Under Development in Russia
Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments. Defi platform Indefibank, which is behind the project, says the token will be pegged to the national fiat but independent from a state-issued digital ruble. Cryptoruble to Give Russian Companies Another Option … Read more
DApp activity rises 3.7% in August for the first time since May: Finance Redefined
DeFi token finally broke out of two-week-long bearish price dominance to trade in the green, where several tokens in the top 100 registered double-digit gains over the past week. Go to Source Powered by WPeMatico