DAO


Markets

dYdX Foundation Requests $30M Budget, Pledges to Issue Annual Spending Report

The Foundation wants to preserve an 18-month runway through at least mid-2026.

(Unsplash)

Finance

DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget

The crypto insurance protocol is anticipating growth stemming from a recent partnership.

Ledn's Mauricio Di Bartolomeo argues that the crypto lending industry can rebuild trust following a disastrous 2022. (Mathieu Stern/Unsplash, modified by CoinDesk)

Policy

Japanese Lawmakers Want To Carve Out New Web3 Policies: CoinDesk Japan

"We would like to grasp the current situation in areas other than decentralized autonomous organizations and identify new important points for policy," Congressman Hideto Kawasaki said.

Japan (Su San Lee/Unsplash)

Markets

PancakeSwap Proposes to Reduce CAKE Token Supply by 300 Million

More than 99.95% of the community, representing 70,000 votes from CAKE holders, favored the proposal shortly after it went live.

pile of pancakes on a plate.

Policy

SEC Blasts 'Purportedly Decentralized' DAOs in $1.7M Settlement with BarnBridge

BarnBridge failed to register its structured crypto product with the SEC, regulators alleged.

Securities and Exchange Commission Chair Gary Gensler (Kevin Dietsch/Getty Images)

Tech

Pyth Oracle Network Brings Industry Heavyweights Into Governance Post-Airdrop

The low-latency oracle network's new "strategic partners" include Castle Island Ventures, Multicoin Capital and Wintermute Ventures. They could play a major role in shaping how the platform evolves.

Lybra Finance launched its version 2 test network on Arbitrum Wednesday morning. (Getty Images)

Tech

Arbitrum Voters Polarized Over 'Research' Pitch With $2M Price Tag

Proposed coalition of professional researchers could help "accelerate decision-making" at the Ethereum layer-2 project, but complaints have surfaced over the cost and potential conflicts of interest.

Lybra Finance launched its version 2 test network on Arbitrum Wednesday morning. (Getty Images)

Policy

Abu Dhabi Enacts DLT Framework for DAOs, Web3, TradFi Firms

The UAE's second-most populous emirate has taken the first steps to legalize the operations of decentralized entities such as DAOs.

Abu Dhabi (Kamil Rogalinski/Unsplash)

Policy

Marshall Islands Further Strengthen's Law That Made DAOs Legal Entities

The island nation cuts processing time for registration, provides immunity for DAOs using open-source software.

(Danny Nelson/CoinDesk)

Finance

DAO-Builder SuperDao Shuts Shop, Returns Investor Money

The all-in-one DAO raised $10.5 million in 2021, leftover funds will be returned to investors.

Mt. Gox selling pressure could be less than feared (Jason Blackeye/Unsplash)