DeXe Network - Announcements

2023-04-11 22:30:05 State of the DAOs - April 11th

DAO numbers growing slowly this week (TVL +659М; members +19.6k).

DAO News

Arbitrum’s AIP-1 saga continues.

DAO Times doing an NFT drop.

Using DAO-like principles to reform Dutch healthcare.

VitaDAO forms a for-profit entity for longevity research.

Aragon and Polygon Labs collab on a DAO builder.

Moon DAO secures 22 spots for a Zero-G experience.

In 2022, the top 10 DAOs spent $55M developing product.

This legal wrapper framework from DAO Box can help DAOs stay compliant.

dYdX is dropping Canadian customers because of regulations there.

Sushi DAO’s key contributor subpoenaed in the US.

DAO Proposals

Only one high-importance proposal this week — Arbitrum’s 1.2, their attempt to do governance right this time. 22 medium and 24 low importance.

Most Active DAOs

An unknown, 0 TVL/member DAO by the name of Iwan passed 119 proposals

Details (with stats, pics, and links) in the full article here Open / Comment

2023-04-07 21:30:03 DeFining news: April 7th, 2023

DOGE price has exploded after Elon Musk changed the logo of Twitter to the Doge image - and then fell back down.

As stETH withdrawals approach on April 12th, Lido’s are apparently at least a month away.

Arbitrum’s core team is revising its Foundation funding proposal to include a detailed $36M annual budget and a four-year vesting schedule.

Several DEX projects are trying to implement better order books with limit orders, higher throughput, and other features traditional CeFi traders are used to.

PancakeSwap’s v3 is launching on both BNB and Ethereum.

Avalanche’s “Evergreen” subnet aims to connect institutions to the blockchain.

Hacker of Sentiment returned 90% of stolen funds just like the hacker of Euler earlier did.

With OpenSea about to launch its Pro version, questions mount.

zkSync deposits topped $110M - worth the hype?

According to Immunefi, 73.3% of rug pulls in Q1 happened on BNB. Open / Comment

2023-04-05 18:00:03 Did Arbitrum just commit the first DAO seppuku?

Arbitrum DAO botched its first proposal (AIP-1) by already taking - and starting to spend - the $750M out of the $4.27B previously allocated to the DAO treasury.

Understandably, a number of $ARB holders and delegates became outraged at this spending of funds yet to be approved by the DAO, and the proposal ultimately failed to pass. Here is the detailed reasoning of Arbitrum’s 2nd biggest delegate.

The team then backtracked and explained that only $3.52B was meant for the treasury and the $750M was always meant for the Foundation.

What upset people so much is the convoluted way in which Arbitrum’s foundation declared this post factum and tried to pass it off as a genuine proposal up to the DAO’s members to decide.

So what’s next? Read the full article for details here Open / Comment

2023-04-04 18:45:03 State of the DAOs - April 4th

• Total DAOs: 12275
• Total Treasury: 24.5B (+6.7B from previous week)
• Total members: 6.8M (+113.6k from previous week)
• Active members: 28%
• DAOs with 100+ members: 2.1%

Arbitrum is now 2nd in the Top 5 DAOs.

DAO Proposals

Arbitrum’s AIP-1 fiasco: Core team requested approval for a $750M allocation that it already started spending.

Treasure.lol and GMX.io got the biggest $ARB grants and both are active with proposals.

Beyond Arbitrum, there is only one proposal active this week that is deemed of high-importance by Messari.

Messari counts 23 medium-importance active proposals and 33 low-importance ones this week.

Most Active DAOs

PancakeSwap was by far the most active DAO this week, doubling the number of proposals by the next two most active DAOs, Index Coop and Decentraland.

Popular airdrop candidates

•Arbitrum Nova
•Scroll
•LayerZero
•Base (Coinbase’s L2 solution)

Details (with stats, pics, and links) in the full article here Open / Comment

2023-03-31 19:00:08 DeFining news: March 31st, 2023

Stakers will be able to gradually start withdrawing their ETH starting on April 12th.

A California judge ruled that any holder of a governance token can be legally liable for hacks.

AAVE will launch its lending service on the Polygon zkEVM, which itself just went live on mainnet.

ConsenSys just opened up the public test net for its Linea zkEVM.

Trader Joe has become the fastest-growing one thanks in part to copying the Uniswap v3 model.

Citi is convinced that trillions of assets could be tokenized.

There have been 700k transactions so far on meme coin’s Shiba Inu’s Puppynet testnet.

Silicon Valley thought leader Balaji Srinivasan bet $1M that BTC will hit $1M in 90 days.

MakerDAO just ratified a Constitution, aiming to even further decentralize itself and its DAI stablecoin.

Details in the full article here Open / Comment

2023-03-30 20:25:02 March is almost over and it was about one word: DAO.

Interesting DAO-themed articles in
Hackernoon, in Ukrainian on Speka, and a step-by-step guide on decentralizing your company into a DAO. Members of our DAO are spreading the word about DeXe: from ETH Porto to Paris Blockchain week to ETH Denver.

We also held a Twitter space AMA

DEXE DAO members are getting even more ways to swap between ERC-20 and BEP-20 thanks to our governance token’s integration into the Multichain Bridge.

The behind-the-scenes technical work is in full swing:

Contract development is fully completed
We’re actively working with several external auditors
Frontend development is full steam ahead with 320212 rows of code added so far
Documentation for smart contracts is completed

Getting ready to release a core product that is well-audited and functions just like you want it to.

Exciting times ahead - stay tuned! Open / Comment

2023-03-29 20:15:04 DAOs are the death of the centralized Internet

Web3 is the decentralized alternative to the old Internet. It’s better than Web2 because of:

Decentralization of architecture away from a few big tech companies into a vast network of computers and DAOs.

User ownership of their data and control over how it’s used and/or monetized.

Interoperability of Web3 applications and services instead of the siloed Web2 approach.

(mis)Trust in centralized banks and tech giants is replaced with smart contracts.

Privacy via a culture of pseudonyms and a number of privacy controls make Web3 preferable to Web2, where companies collect and sell user data.

DAOs (Decentralized Autonomous Organizations) are essential to Web3 for a number of reasons read Open / Comment

2023-03-25 15:20:06 Is DeFi Asset Management really safe and effective?

Join us for a discussion with a DeXe core contributor, Dmitriy Kotliarov, about it.

Topic:
DeFi Asset Management: Can it really be safe and effective?

March 29th
12:00 p.m UTC
Twitter space

Tune in for a chance at part of the $150 in $DEXE Prize Pool (make sure to follow our socials to qualify!)
$100 divided between 4 winners via LInk3.
$50 awarded during our LIVE talk for the best audience question. Open / Comment

2023-03-24 20:30:02 Arbitrum DAO’s launch teaches some painful lessons

Arbitrum is the biggest Ethereum L2 by TVL, double that of its closest competitor (Optimism) and capturing over 58% of the market.

Yesterday, Arbitrum officially launched its DAO by airdropping the ARB token and thus beginning the handing over of its governance to the community.

The token launch was rocky. With Arbiscan down due to a possible DDoS attack, only bots and developers could claim, leaving others very angry.

It took hours for claiming to start working.

Many of the over 600,000 wallets eligible for claiming ARB belonged to airdrop farmers (with one person often holding many eligible wallets) who generally look to dump the token onto the market ASAP. Still, many held and bought ARB, looking forward to participate in its governance.

They are the builders who want to participate in Arbitrum DAO’s governance. Will they now be reluctant to govern? Will they dump their tokens along with the airdrop farmers? Open / Comment

2023-03-24 18:13:39 DeFining news: March 24th, 2023

Arbitrum held its highly anticipated DAO launch and token airdrop.

The DAO Global Hackathon is coming, with a prize pool of $120k.

AAVE DAO renamed Aave Requests for Comments into Temperature Checks.

Gitcoin DAO to allow appealing accepted governance proposals.

Lido DAO is currently discussing objective-based liquidity for stETH.

Do Kwon, the CEO of the recently-imploded Terra, was arrested in Montenegro.

DRPC launch aims to decentralize access to the Ethereum network.

Some Binance employees have allegedly been helping Chinese users bypass KYC.

After receiving a Wells notice, Brian Armstrong (CEO of Coinbase) says he’s happy to fight the SEC in court and is calling for electing pro-crypto lawmakers to fight for users’ rights.

Details in the full article here Open / Comment