DAO

coinfeeds-bot

tldr; Azura, a DeFi platform backed by the Winklevoss twins, has launched after securing $6.9 million in funding from investors like Volt Capital and Alliance DAO. The platform aims to simplify decentralized finance by aggregating crypto applications, allowing users to trade assets across multiple blockchains through a single interface. This initiative seeks to lower entry barriers for new investors while maintaining DeFi benefits such as self-custody and decentralization. The funding round included contributions from Initialized Capital and Winklevoss Capital. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MinimalGravitas

> Never even heard of this coin That's kinda wild. Maker is one of the original DeFi platforms. They produce the first and largest decentralized stablecoin (DAI) [ https://etherscan.io/token/0x6b175474e89094c44da98b954eedeac495271d0f ]. Their project has a Total Value Locked of about $6 billion [ https://defillama.com/protocol/maker#information ] (bigger than Uniswap) and their DAO controls a treasury of almost $300 million [ https://deepdao.io/organization/c41f87df-35a6-4a37-82c4-62cd5a3a8c08/organization_data/finance ].

coinfeeds-bot

tldr; The Tapioca Foundation has offered a $1 million bounty to an attacker who stole $4.7 million in a 'social engineering attack' on its decentralized finance protocol. The attacker compromised the vesting contract for Tapioca DAO Token (TAP) and UDSO stablecoin, stealing 591 ETH and $2.8 million in USDC. Tapioca seeks the return of $3.7 million, offering $1 million in USDT as a bounty. The attack led to a significant drop in TAP's value. Tapioca claims to have recovered 1,000 ETH from the attacker. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

JustStopppingBye

>claim to care about crypto Crypto will never become real world currencies and its being used for DAO votes. Hes not even letting you buy it according to the article? [https://governance.aave.com/t/temp-check-world-liberty-financial-aave-v3-instance-on-ethereum-mainnet-proposal/19383](https://governance.aave.com/t/temp-check-world-liberty-financial-aave-v3-instance-on-ethereum-mainnet-proposal/19383) How is providing liquidity for AAVE, "objectively a scam". Lemme guess, orange man bad?

coinfeeds-bot

tldr; A digital art collection titled "Elvis Side $Btc," featuring 1,935 generative images of Elvis Presley, has been inscribed on the Bitcoin network. This project, created by Bitcoin-focused IP project Royalty in collaboration with OrdinalsBot, uses the Ordinals protocol to inscribe data onto individual satoshis, making them unique like NFTs. The collection is inspired by artist Joe Petruccio and aims to fund the "Elvis Legacy Council" DAO. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

StephanCom

Yeah, I know, I’ve been in crypto since 2011 and have invested in at least one DAO, I can’t remember the name, I think the symbol was DRP. HOW it will be enabled is through a governance vote. WHEN it will be enabled is when that does not contravene the law, which I am interpreting to mean “if we enabled that now, it would be illegal because the SEC would call it an unlicensed security, but after daddy gets elected, he’s gonna fire Gensler and disband the SEC and then it’ll be legal because daddy says so.” At least that’s my read on it. It doesn’t say “on such and so date” or “X months after conclusion of the sale”, it says “when it’s legal.” Implying strongly that “it’s not legal now” Otherwise why not specify a date?

fan_of_hakiksexydays

It wasn't a rug so much as Reddit really bad at communicating and making it sound worse than it was, and making it sound like they were pulling the plug on Moons. But in reality they relinquished control of Moons and widgets, and now Moons are controlled by the community through a DAO, and all the widgets and the distribution have been brought back by the community. It's now community controlled, decentralized, with all the same functions as before.

Objective_Digit

Still? There's no statute of limitations for things like this. Ethereum was compromised from day one and remains so. Throw in the ICO and the DAO rollback and the abandonment of PoW (despite the last supposedly an improvement). Satoshi didn't need to raise money from this code. Nor did the creator of Bittorrent and other "non-money" programs. >As for the token 'no one actually needs', we do need it if we want to do more with crypto than send/receive. Which obviously everyone does based on BTCs pathetic attempts to emulate the functionality of late. Bitcoin can do far more than just send and receive - (not that there's anything wrong with that). That's absurdly reductive. It's not just a network. Taproot, Lightning, Liquid, Ordinals do most if not all the stuff that Ethereum boasts about. Without the compromised base layer.

ProgrammerNo4662

I tought that was about BSC or Tron "DAO"

MichaelAischmann

"Prime Minister" of Liberland should be a DAO.

nomorebonks

Why would it take any longer than noticing and fixing your current web2 software has a bug or exploit? Only time it would take longer is if it's running autonomously and a DAO vote would have to pass to approve changes as a fix.

SnooJokes123

Thank OP for this! Just read the WP myself and I'm really stoked about the project. The fusion of a multichain DAO, the L2 solution, and what must be considered a novel layer 3 solution (golden tickets) is just insane. I've never heard of any other project taking it this far tbh. Add to this the IRL meetups and events and you've got all the ingredients to make this a multi billion project! Let's just say, I'm Aping more 😂👊 NFA tho!

MinimalGravitas

> Do you believe 51 % are available to buy then ? What are you talking about? The $20 billion is the cost to set up facilities and manufacture ASICs, not to buy them. The scenario involves the attacker out-producing Bitmain and all other ASIC manufacturers. > Operating expenses are not insignificant. Again it's not the cost of energy ! It's the availability. Where in the world can you plug all of those miners into? We're talking about a nation state level attacker, most likely China, motivated by the threat to their fiat system. Bitcoin uses ~300 TWh/y, China produces about 47,400 TWh/y. They could definitely find the power to plug in ASICs if they were motivated to. > DAO s running in Ethereum could take over bitcoin .lol if that was possible it would if already happened. That's just hopium. They wouldn't because it would be a stupid waste of resources and energy. It's not 'hopium', it's just a joke at how low the economic security of Bitcoin actually is. > The reason you need more than 51% of miners is because then network would respond by good actors putting more miners on the network. In that case it's just that same misunderstanding again. We're not talking about buying ASICs, we're talking about the attacker producing them faster than the honest manufacturers can. > Bitcoin is immune to state level attack. This is the real 'hopium'... I know you won't believe me, and you shouldn't ('don't trust, verify'...) so my challenge to you is to do your own research into Bitcoin's security problem, look at what technical minded people say about it rather than just laser-eyed influencers, check the maths and play with them yourself.

Drizznarte

Do you believe 51 % are available to buy then ? Source ? Operating expenses are not insignificant. Again it's not the cost of energy ! It's the availability. Where in the world can you plug all of those miners into? Where are you going to plug in 10 gigawatts needed for the attack ? Source ? No power system that big exists, to create the infrastructure is a significant cost ! Time is also a major factor , because of the infrastructure you are ignoring takes alot of time to create . DAO s running in Ethereum could take over bitcoin .lol if that was possible it would if already happened. That's just hopium. Bitcoin is immune to state level attack. When you tell me where you get the miners from , where you can plug then in and how you would fund such an attack without a response from good actors in the network . I will believe you. Source? The reason you need more than 51% of miners is because then network would respond by good actors putting more miners on the network. 51% of current miners isn't enough I did explain this you ignored it .

KontoOficjalneMR

It's always like this. People love anonimity of the crypto until they get robbed or scammed and suddenly they would really wish there was a charge-back procedure. Hell even Ethereum creators abandoned all of their principles and forced a split once thye got scammed with The DAO.

FormulaTom

22 votes on both after 24 hours LMAO Much governance Such DAO rekt

fan_of_hakiksexydays

Moons are finally decentralized, can't be rugged by Reddit anymore, are run by a DAO, have been developed fort he past year to have all the same functions they had before but improved, and are no longer restricted to just one sub or even to just one website. The people running any of the interface stuff actually care about the project, and there's no longer the ones who were just in it for the money. The price has been battered by the bear market, a couple of the biggest whales selling, and especially the alt-coin winter. But that's when everyone here decided that it might be a good time to sell lol. Classic inverse r/cc.

Every_Hunt_160

One important point to note, since the distributions is completely DAO run the total supply distributed is 33k Moons for each round When it was run by Reddit there was around 10x higher allocation or something, so don't go round thinking it will be as high as the good old days haha

fan_of_hakiksexydays

It's doing all the same things as before. Distributions to reward activity and content creation on here. We still use Moons for governance on community and distribition decision. So the same social media token function as before. Moons are still being used and burned for membership, banners, AMA, and community events. The tipping post function is still there. What's new now is Moons aren't run by a couple of Reddit admins, it's run by a DAO, and it's now decentralized. It's no longer limited to just one sub, nor limited to just Reddit.

SevereArrivals

The wiki needs updating. You can buy a monthly/yearly membership on ccmoons.com In addition to that, distributions are back, and now everything is run by a DAO. Moons have a set supply too now with just over 79 M in circulation. Another use case are the constantly booked AMA's and the banner you can see on the sub right now, for which Kraken burned almost 100,000 Moons. Tldr - Moons better than ever before

VirtualWord2524

As usual with everything that is meant to control something off chain, nothing on chain can force people to do anything off chain without other people off chain forcing it to happen. The on chain part can be done without Blockchain. Blockchain identity is only proof of ownership of a key on chain. Anything tied to off chain identity requires off chain verification and enforcement. So a DAO can't even do any type of proving someone's only voting once/the max value a person is supposed to be allowed to vote for (multi-wallet, fraudulent off chain identities that on chain are recognized as valid). "Text 555555 now to vote for what contestants will do in stage 3 this episode"

coinfeeds-bot

tldr; The U.S. SEC has settled with Solana-based DEX Mango Markets for nearly $700,000 over alleged securities violations. The SEC claims Mango DAO raised over $70 million from unregistered MNGO token sales and engaged in unregistered broker activities. Mango DAO, Blockworks Foundation, and Mango Labs agreed to the penalty without admitting or denying the allegations. They will destroy MNGO tokens and request their removal from trading platforms. The DAO also proposed a $500,000 settlement with the CFTC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

DBRiMatt

From memory the constitution and DAO needs to be fully legalized before the treasury can start 'receiving moons/income' from from moon purchases, rather than having advertisers send them to the burn address. In the meantime, this will work, but we don't want to supply to get too small either.

MinimalGravitas

> Thought : what happens if BR buy 51% of the hashrate ? > How much would that currently cost out of interest ? Only about $20 billion: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999 That sounds a lot, but it isn't much of a barrier if nation states like China or the US ever perceived BTC as a realistic threat to their fiat currencies. Incidentally, it's also less than the combined treasuries of DAO's running on Ethereum, which could lead to an amusing story arc: https://deepdao.io/organizations

ArcanuMELO

Yep, some are more stringent but apparently Paraguay where Green Mining DAO is based is very friendly to bitcoin miners using clean energy like Hydro.

MinimalGravitas

What do you think happened in 'the DAO hack'? It was nothing to do with a double spend.

slavikthedancer

"The DAO Hack"

nomorebonks

None of those DAO's were actually autonomous with the code restricted from being upgraded by the protocol based solely on voting. Those do exist though - ICP is an actual autonomous functioning DAO, and any project built through the SNS on top of ICP is autonomous as well. There's no possible way to alter the smart contract application without a vote. It's literally impossible because the protocol is in control. True DAO's are just starting.

amtowghng

the Decred Treasury is what I think a true DAO should be - it is truly decentralized , spending is controlled by voted code that relies on an organisation to propose and vote on the projects by people who vote is proportional on how much they have at stake .

partymsl

Some are scams, and others are genuine. As everything. (Btw, our MOON has been DAO, too.)

Emergency-Gene-3

How long did you want to keep it maturing? ICP's DAO allows you to lock tokens anywhere from 6 months to 8 years. 8+ year lock currently yields just 15% p/a in maturity which can be restaked or taken out. In the community they call each other the 8 year gang. 8YG. There is an age bonus the longer you keep it locked. (Not dissolving, which means locked for 8 years, but you haven't started the 8 year count down yet) You need to participate in the proposals which is essentially voting on the code updates, new features, etc that take place on chain. It's currently the only full stack on chain blockchain that can also process AI compute on chain. You can also host dapps or websites on chain. Think Amazon Web Services completely on chain. Sounds a touch technical. Check out the ICP Dashboard, there are charts on who is staking what and what their daily returns are etc.

Machete521

It really do Until BTC or Microstrategy falls DAO until it isnt

Found_my_username

What has Harris said? She never does interviews and thwarted the primary system, but this sub loves DAO’s? 

Objective_Digit

> Dude are you serious? What CAN you do on bitcoin? Store my money without fear of censorship or it being inflated. >Can you play games on bitcoin? Or borrow? Or lend? Or buy NFTs? Or start a DAO? The ones that aren't bullshit yes. NFTs were innovated on Bitcoin (Rare Pepes). >That’s literally what wrapped Bitcoin is and why you’ve never heard of wrapped eth on Bitcoin. Wrapped Bitcoin is not Bitcoin. And I suggest you read up on Liquid, Taprrot, Rootstock etc. before you tell me what Bitcoin can't do.

torvaman

Dude are you serious? What CAN you do on bitcoin? Can you play games on bitcoin? Or borrow? Or lend? Or buy NFTs? Or start a DAO? The point of Bitcoin is not that it can do all, but that it does one thing exceptionally well which is make blocks and act as a store of value. The ultimate irony of your comment is that you can do Bitcoin on Ethereum, but you can’t do Ethereum on Bitcoin. That’s literally what wrapped Bitcoin is and why you’ve never heard of wrapped eth on Bitcoin.

Witty-Gas-4264

I love seeing how the $EGO community is so engaged and active, especially with the selfie challenge. It really shows that this project isn’t just about hype—it’s about building a strong, decentralized community. The team is delivering on multiple fronts, from the NFTs to the DAO updates, and that’s what’s going to drive long-term success. $EGO is only getting started, and I’m all in for the ride!

Objective_Digit

Or the DAO?

SIN-QUEL

I was spotting BEAM recently in the top 100, which is the utility token for the platform Sphere, founded by Merit Circle which has partnerships with IMX, AVAX, MATIC for the future of web3 gaming. I think it will be very interesting because you see big tech names coming up with their own idea in blockchain such as Sony with Sonium. Also, the token gets burned, is used for the DAO of Merit Circle and the bag holder percentages seems fair as one of the big holders are Merit Circle themself. They managed to expand their treasury in the last years significantly even during quarters with negative market reports. They are setting up an industry that is in it’s early shoes. People have witnessed the trend on the beginning of the existence of web3 gaming tokens, but that was just a trend and a tiny bit of what can become. In-game features and a new way of gaming and its gaming markets.

rayQuGR

Daosis could really stand out with its community-focused launchpad and token allocation system, especially as it combines a DAO structure. With [Oasis Network](https://oasisprotocol.org/blog)’s privacy features, such platforms can further enhance trust and security, making IDOs more accessible and transparent for everyday users.

DC600A

Launchpads and IDOs are definitely great options for crypto funding. However, for everyday users, it is often a challenge to know what's best. I am highly anticipating a successful launch for Daosis offering a unique approach combining a pro-community fail launch and token allocation system by [encompassing a launchpad and a DAO](https://np.reddit.com/r/dapps/comments/1dkbw0w/daosis_ama_gives_insights_on_nextgen_launchpad/).

acndavid

A bit old so I dont know if the data is still correct but it should give you an idea. [https://www.coindesk.com/consensus-magazine/2023/12/04/lido-dao-democratized-eth-staking-then-dominated-it/](https://www.coindesk.com/consensus-magazine/2023/12/04/lido-dao-democratized-eth-staking-then-dominated-it/) "But Lido has gradually become a victim of its own success, with the DAO attracting criticism as it has grown to dominate Ethereum's staking landscape. Lido currently commands 32% of all ether staked. This puts it just below a critical 33% threshold; if a single entity controls this much staked ETH, it could, theoretically, influence certain elements of how the chain operates." I will just say that I hold ETH and I just want to inform. If someone have more recent info or a different opinion please share it, I am really interested in this topic....

coinfeeds-bot

tldr; On July 28, 2024, the Compound community passed Proposal 289, which inadvertently allowed a group of five token holders, known as the Golden Boys, to control about $24 million from the CompoundDAO treasury. This proposal, intended to allocate 5% of the DAO's treasury for yield-bearing activities, was criticized as a 'governance attack,' highlighting the risks of manipulation in DAO governance mechanisms. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Ruzhyo04

Lightning isn’t programmable, and doesn’t scale without centralized intermediaries. Everything that matters in Ethereum is on chain, not sure what you mean by this. By disaster, I mean that they’re all the definition of shitcoins. By design they **CANNOT** be used in any programmable way. No tokenomic systems, no use case, no interoperability, no businesses, no protocols… just a useless token. That’s a disaster. Complete and total wasteland. What Bitcoiners mistake about PoS, is that it in fact doesn’t give any more governance power than hash rate gives miners. That’s important. I’ll reiterate. ETH the coin doesn’t control governance. It uses the same governance system as Bitcoin, nodes are in control not block producers. Two centralized mining pools control well over 51% of the hash rate, and nobody cares. But the largest single validating entity has like 8% of the stake, and y’all clutch your pearls. Switching to PoS was no different than BTC implementing Taproot. And BTC switching up its issuance or 21m limit would be just as easy. That Satoshi never sold is not provable, he could have mined from different addresses and dumped on you for the last decade. What is provable is that he took **at least** 5% of the supply for himself. Vitalik and the EF **combined** have less than 1% of the supply of ETH. And the DAO fork was one change to a single line of code in a smart contract, not any change to the protocol itself. It had 95% support in the community, and would have passed had it happened on Bitcoin too. Notably, Bitcoin has had TWO major rollbacks due to massive bugs which resulted in actual downtime. Ethereum has never had downtime. Happy to be able to clarify these issues you’re confused about, please feel free to ask follow up questions.

Objective_Digit

> Are any of the Bitcoin L2s with programmability fully decentralized? Do they have a native trustless bridge to use BTC as the L2s native currency? Do they scale to accommodate any number of users? No to all. > Lightning is if you run your own node. >any changes after the twin disasters of ordinals and BRC20s. That they are "disasters" are purely an assertion without any evidence. And they are on chain. Unlike most of Ethereum's stuff. Fees were high for a while if if that's what you're on about but they are down to 20 cents or so now. >And by many metrics, Ethereum is more decentralized than Bitcoin. In the metrics where Bitcoin is ahead (node count actually is the only one I can think of), Ethereum is still doing fine. PoS is not decentralized. The largest holders (who have no arms race to worry about like the miners, who are impotent anyway) call the shots in proof of stake. The very fact that ETH switched to PoS shows it's not decentralized. A truly decentralized protocol should be very hard to modify. >You may be thinking “but what about the premine, PoS, the DAO hack, Infura, Amazon”! Or some other similar nonsense. If you actually understand how Ethereum works and don’t buy into the misinformation campaign, you’ll find they’re all nonissues or flat out wrong, and that Bitcoin has similar or worse demons of the same ilk to wrestle with. Happy to expound upon any of these if you have doubts. Pre-mining is not an non-issue. It compromised teh whole thing from the start. Satoshi never even sold a penny. The DAO rollback showed that ETH smart contracts can be overriden if money is at stake. There was no Mt Gox rollback. Bitcoiners are well aware of the "bail out" quote in the genesis block.

Ruzhyo04

Are any of the Bitcoin L2s with programmability fully decentralized? Do they have a native trustless bridge to use BTC as the L2s native currency? Do they scale to accommodate any number of users? No to all. Taproot did help somewhat, but it wasn’t enough. Will be difficult to get the conservative community to rally behind any changes after the twin disasters of ordinals and BRC20s. And by many metrics, Ethereum is *more* decentralized than Bitcoin. In the metrics where Bitcoin is ahead (node count actually is the only one I can think of), Ethereum is still doing fine. You may be thinking “but what about the premine, PoS, the DAO hack, Infura, Amazon”! Or some other similar nonsense. If you actually understand how Ethereum works and don’t buy into the misinformation campaign, you’ll find they’re all nonissues or flat out wrong, and that Bitcoin has similar or worse demons of the same ilk to wrestle with. Happy to expound upon any of these if you have doubts.

coinfeeds-bot

tldr; The Aave protocol is poised to initiate buybacks of its native token once the GHO stablecoin's market cap gains an additional $40M, aiming to reach a 175M token target. Currently, GHO's supply is at 135M tokens, following significant growth in August. The buyback strategy is expected to potentially increase the price of Aave's native token. GHO has been integrated into major protocols like Curve, Balancer, and Uniswap V3, and is used in yield farming. The stablecoin is designed to play a significant role in the Aave ecosystem, contributing to Aave DAO's revenues through lending and liquidity pools. Despite a slow start and challenges, including losing its $1 peg, Aave has implemented more conservative borrowing procedures to ensure sustainable growth of GHO's supply. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

AvatarOfMomus

There's nothing stopping an AI from advising a company now, but whoever takes that advice is still liable for any actions taken. Similarly if you had a chat bot voting on proposals in a DAO then whoever controls the AI would probably be held liable as the interested party, since DAOs don't actually get around any laws regarding corporate structure. Those laws are specifically worded so that they apply even without any formal incorporation, so everyone participating in a DAO that breaks the law can be charged either as members of an unincorporated entity or as individuals participating in a group or conspiracy, depending on the exact laws broken and circumstances. See also RICO laws, which were specifically designed to prosecute organized crime, which don't have any formal legal organization or structure, but are still participating in a criminal enterprise together. This is all kind of moot though, since while LLMs are impressive they aren't capable of generating any new information, they can only use what they've been fed as training data. They're not "thinking" they're just following complex patterns and filling in blanks based on the trained model. If you go outside the bounds of the training data you either get nonsense or the AI equivalent of a shrug emoji. Neither of these is condusive to decision making for a large organization likely to be facing novel or undocumented issues.

drew2222222

Hmm yeah good point. Well this ruins my thesis for buying Aragon (the DAO platform) tokens… wouldn’t DAOs still allow for agents to contribute to companies without a SSN… I guess the game theory applies here too because the company hiring an Agent to write code wouldn’t need a trustless organization because a scam would flag the business.

conceiv3d-in-lib3rty

This already happens consistently in every DAO or protocol with governance. Any proposal that threatens the interests of its largest holders is inevitably struck down, even if it’s for the long-term health or benefit of the protocol. Conversely, proposals that favor top holders, even at the expense of others, often pass without resistance. You’re not going to vote against your own self interests when it specifically has to do with money.

LBG-13Sudowoodo

Many clowns but no ringleader as the title implies. And the stories are wild but true. Just look through governance proposals, and you'll find them sticking their nose out. Regarding my expectations, it was more about less self-interest and degeneracy and more collectively beneficial use of "the biggest DAO." No AI here, just anecdotes. Thanks for the input

AvatarOfMomus

> Fractionalizes ownership We already have this... it's called stock. It doesn't help the public nearly as much as the rich because the rich can invest a far larger percentage of their income into passive income opportunities and take riskier bets due to better financial security. Crypto has been no different. > This is way cheaper than listing your company on a stock exchange The thing people are paying for is the credibility and guarantees provided by the stock exchange. That certain checks have been performed, both by the government and by the stock exchange itself. This is why exchanges like the NASDAQ have things like their bid-price rule, that requires a stock to maintain a price greater than $1. In turn companies want to be listed on these exchanges because that's where the money is, because they money wants the security and assurances that these rules and systems provide. If someone wants to have a company traded entirely OTC there's nothing stopping them, but they won't get that much traction doing that. > Blockchain technology and smart contracts is essentially automated fiduciary responsibility but more efficient and flexible. So, this isn't what "fiduciary responsibility" is... you can't have an automated system with fiduciary responsibility because no automated system is capable of making the judgements necessary to run a financial account in the interests of the account holder. As has been shown too many times to count, Smart Contracts can do incredibly stupid things, or be exploited if they aren't coded perfectly. > Even when whales elbow their way in as is becoming the case with BTC, these mechanisms make it easy for others to break away and do their own thing by forming another coin of their own. Which BTC shows doesn't happen, because whales bring money, which is the goal of basically everyone in the space at this point. This is why you get things like the Ethereum DAO Hard Fork (speaking of vulnerable smart contracts) because the moneyed interests demanded that it happen, and doing otherwise would have seen ETH go the way of every similar coin launched at the time. -------------------- Lastly, frankly if you're running an actual company and not just an LLC (which are stupidly easy to set up already) then creating the actual corporation shouldn't be nearly the hardest part, or even particularly hard at all compared to *running the company* and making sure it's doing productive and money-making things...

HODL_monk

Banks do NOT take 'seconds to verify', that is an illusion. Call your Fiat bank, and ask them how long it takes for a payment to clear with Finality (they can't reverse it). If they were honest, the actual answer is months, and maybe YEARS, pretty much to the statute of limitations, in extreme cases. Even if you close your account and take the money out in cash, you could still be legally liable for a reversed transaction, if the funds were later found to be stolen or fraudulent in some way, even if you had nothing to do with it. I have had mistakes in my favor reversed weeks later, and the funds syphoned right out of my account, and that is not an anomaly. Crypto, at least not the Vitalik DAO types, do not do that, and in fact settle much faster than any Fiat bank ever could.

PandorasBucket

Even if you have a DAO membership NFT you still don't get profit from the proceeds of the sale of whatever it is you have membership in. This means you don't actually OWN that organization. If you don't get profit from the sale of something then you don't own it and that is at it's core what a security is, not expectation of profits, not voting rights, but OWNERSHIP of a central organization and I have yet to see a token that provides that legal right except for a handful that explicitly already register as securities.

Extreme_Nectarine_29

I mean most of us already had enough rodeos to know that AI crypto are a nothing-burger. The same thing happened with ICO's, DAO's, Metaverse etc...

RicoBelled

"NFTs are fundamentally creative goods: art, collectibles, video game items, domain names, event tickets, and more." you say. Are you serious? Even Tickets are "creative" goods? I think your phrase shows EXACTLY why putting ALL NFTS in one category misses the boat. I bet the SEC, and mind you, I'm not happy about it or supporting it, sees NFTs which give membership to a DAO, or ones that give returns as securities, and they do have a point there.

LatinumGirlOnRisa

Shkreli just continues to prove what a scumbag he is [he should be in prison for his earlier crimes] and he's going to lose. his lawyers probably know that but meanwhile they'll be making a fortune off of his terrible ego. the guy who said Catholicism is his guiding post even though he also said he doesn't believe in god. he's just gross - and not for being an atheist but for being so sociopathic & anti-life. same dude who raised the cost of at least one much needed drug to an outrageous price: from approx. $13 to $750 so the pharma guy fleeces the insurance companies which already fleece the public. and many people already either couldn't afford insurance anymore or could *barely* afford it. but yes, it's fairly clear Martin is going to lose in the end because to anyone who read the article common LEGAL sense should make it obvious because: digital copies rights of the owner of a *1/1* should go to any *future* owner of the 1/1. otherwise it would no longer *be* what it's intended to be: a *1 of a kind* album which was the content & intention of the original purchase. and legal precedent was set some years ago [stateside] per a court case re: digital copies of intellectual property - such as audio recordings including music, videos, etc. a judge ruled a buyer can make at least 1 backup copy of the item. and of course, in an ideal world if an owner sells a recording/digital copy of a movie, TV show or music they'd give up their backup copies along with the sale to the next owner. but realistically this isn't likely to happen + there's not enough law enforcement manpower to monitor the large number of such sales. the amount of content per each potential case would be impossible to monitor while sustaining law enforcement activity re: costs & the time that would be required. but the Shkreli vs. the Pleasr DAO case is on a whole other level - and it seems the court is taking it very seriously, along with the DAO, of course. and considering the facts, circumstances & intellectual property case outcomes of the past, any judge who would rule in favor of the defendant would have to be investigated on suspicion of bribery, coercion/blackmail being a factor. in other words it would be highly suspicious.😐

Ur_mothers_keeper

That has to be explicitly coded into a contract, and yes, it is meaningless, which is why you shouldn't trust a DAO that can do this, it isn't a DAO.

coinfeeds-bot

tldr; TRON founder Justin Sun has pledged to donate $1 million to any Decentralized Autonomous Organization (DAO) formed to support the release of Telegram’s founder, Pavel Durov, who was arrested in France on Aug. 23. Sun's offer aims to show the cryptocurrency industry's unity and support for Durov, who faces charges related to Telegram’s alleged failure to moderate content. The arrest has sparked widespread support from prominent figures in the crypto industry, including Elon Musk and Ethereum co-founder Vitalik Buterin, under the #FreePavel hashtag. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Ur_mothers_keeper

Yeah but the whole point of all this DAO stuff is to dispense with all that bullshit. The idea is that a person can see that the rules of the organization are self enforcing and so they can rest easy knowing that the rules they agreed to are the rules, no regulation required. Also the idea is that they can't stop you from creating a DAO on your own terms.

Ur_mothers_keeper

They can absolutely prove they can't rug you, by showing you the code for the contract so you can see how the DAO works.

UpbeatFix7299

A DAO is the answer to "what if totally unsophisticated people who still live with their parents tried to run something more complex than a bath?"

PreventableMan

DAO's kinda need to be registered afaik.

pop-1988

The whole point of a DAO is to be self-sustaining, not controlled by anyone

pop-1988

> why hasn’t the authorities pressured their Founder An anonymous person > or their major investors like a16z Major? Probably not, and not in an ownership sense. They didn't put up money and receive shares with the expectation of profits paid as dividends. The question you're asking needs a specific understanding of the funding agreement. Is it a gift? Is it a loan with interest? Is it a non-recourse loan (a gift by another name)? Or is it a contingent loan? --- Unlike Binance, MakerDAO isn't a legal person - not a corporation, not a trust, not a charity or other non-profit association. The more interesting question is the new field of law which allows a DAO to make contracts with a real legal person like a16z. It still can't open a bank account. It still has to appoint a real person as a proxy for auction bidding > not registered as a Money Service Business Not a for-profit entity, therefore not a business

Ur_mothers_keeper

Do you not get it? The whole point of this DAO stuff is to not register companies anywhere

Ur_mothers_keeper

They are, provided everyone involved is anonymous. Where people fuck up is registering a corporation in Wyoming, putting their names on projects. If you're just some handle on the internet and you make a DAO they can do fuck all about it.

tobypassquarant

So if everyone in the DAO points to a guy who says he's within the Russian border, what are they going to do then?

CorneliusFudgem

Maker and Rune are pretty chill in the overall space of DeFi and even web3. Rune has pretty good takes for how long he has been in the space; and what he wants to achieve. I would not consider Maker a nefarious DAO, although there are many out there.

biba8163

I posted this 4 years ago when people tried to call MakerDAO decentralized and that a change was made due to "governance" vote that was passed...they deleted the link to details of the "executive vote" proposal. You really have to be a crypto bro level of naive and gullible to believe that MakerDAO or any DAO is decentralized. > There are ELEVEN addresses that accounted for 98% of the voting for the protocol change for an "executive vote" used USDC. Eleven addresses control the entire protocol and a protocol change was voted in just...what 24 hrs? And most of those addresses are probably owned by a handful of people. I mean one guy, Rune Christensen, can control the whole protocol with his votes and 90% of the MKR tokens are owned by 100 wallet addresses. https://np.reddit.com/r/CryptoCurrency/comments/fl68d4/crypto_collateralized_stable_coins_have_proven/fkxc40i/

TripleReward

Maybe, just maybe, DAO-managed betting is a bad idea?

absurdcriminality

Why call it a DAO when one guy calls all the shots?

coinfeeds-bot

tldr; Karate Combat, a full-contact sports league, is revolutionizing fan engagement by integrating Web3 technology, including a DAO and its governance token, $KARATE. This innovative approach allows fans to actively participate and profit from their engagement, fostering a deeper connection and loyalty. By eliminating third-party ad platforms and incentivizing community participation through crypto, Karate Combat has created an interactive ecosystem that not only enhances fan experience but also serves as a potential blueprint for brands aiming to strengthen audience relationships. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Lillica_Golden_SHIB

Founder using the DAO for its shady purposes.

coinfeeds-bot

tldr; Curve DAO is under scrutiny for a funding proposal to award 21 million CRV ($6.9 million) to Swiss Stake AG, owned by Curve's founder, Michael Egorov. This request represents about 50% of the DAO's community fund, raising concerns about sustainability and the vague use of funds. Critics argue the proposal is disappointing and lacks transparency, with calls for a detailed breakdown of spending and clear performance metrics. Curve defends the proposal as crucial for growth, focusing on audits, security research, and educational resources. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; A U.S. court ruled that the lawsuit against Shaquille O’Neal regarding his Solana NFT project, Astrals, can proceed on allegations of selling unregistered securities. The project featured 10,000 avatars tied to a DAO and governance token. The lawsuit alleges the value of Astrals plummeted after O’Neal left the project following FTX's collapse. Judge Federico Moreno found O’Neal could be considered a “seller” under securities law, partly due to his promotion of Astrals and his son's role in the project. However, a claim alleging O’Neal as a “control person” was dismissed. The decision could impact other crypto-related lawsuits. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SeriousGains

He’s just a promoter now. He’s no longer “CEO”, never was actually. The TRON foundation is gone and has been replaced by a DAO. Do your research before spouting bullshit. Now go enjoy your ADA type investments.

fatlever2

I had 3 ETH validators with accured rewards. I unstaked and converted everything in the first validator to BTC in 2022. I planned on doing the same unstaking a 2nd validator last month but ended up adding money and buying around 100K Tron's TRX at $0.125 on the 13th. As of today I am up 20%. Over the years, I've called Justin Sun a scammer every chance he was mentioned. But I spend a lot of time looking at Tron this month and just couldn't ignore the metrics. I think if we have a big bull run, TRX has potential to 10X from here for a big cap with the relative safety of not dropping -90% or being left behind in the run like most Alts. It's about -20% from its January 2018 ATH where it was for only for a couple days and is almost touching its 2021 high of $0.16 where it was for another couple of days. That means every single buyer of the coin is profit and if you look at the metrics it's the most deflationary, revenue generating, active chain in crypto; and is the most adopted around the world in developing countries for stablecoin usage. Kind of the way Doge was meant as a meme making fun of people who think shitcoins will take you to the moon and became staple of crypto. Tron in the same way I believe is a pump and dump shitcoin that now has all the metrics of adoption, usage and tokenomics that every coin with better tech and development teams is trying to achieve. We all avoid and overlook Tron because of Justin Sun. But I am in this shit to make monies. I'll exit if I lose 50%, otherwise I plan to ride this shitcoin to $1MM. RemindMe! 1 Dec 2025 **Deflation** *(Ultra-Sunned Monies)* | April | May | June | July | August | Now |:-----------|:-----------|------------:|:------------:|-----------:|-----------:|-----------:| ETH| 120.07M | 120.10M| 120.14M | 120.19M | 120.25M | 120.29M TRON| 87.7B | 87.5B| 87.3B | 87.1B | 87.0B | 86.99B **Tron supply has dropped from 101B in 2022 to under 87B, a -14% reduction in supply.* **Revenue** | 24H | 7D | 30D | 1Y |:-----------|:-----------|------------:|:------------:|-----------:| ETH| 844K | 8.08M| 52M | 2.16B TRON| 1.2M | 8.67M| 40M | 462M SOL| 940K | 6.3M| 23.5M | 142M **Stablecoin Activity** | Supply | Transfer Vol. | # Transfers | Active Addresses |:-----------|:-----------|------------:|:------------:|-----------:| ETH| 76.9B | 23.2B| 276K | 85K TRON| 58.75B | 18.7B| 2.1M | 627K SOL| 3.82B | 5.02B| 3.5M | 95K **Cons:** - Justin Sun's reputation - How much TRON does Justin Sun still have to dump? - SEC's current lawsuit. Unknown outcome and implications. - Stablecoin volume in TRON is all USDT but there has been USDT collapse concerns since 2017 - TRON DAO manipulates prices to stablize coin and protect it against shorts - Declining TVL

coinfeeds-bot

tldr; Mango Markets, a decentralized exchange on Solana, is negotiating a settlement with the SEC over securities law violations. The settlement includes a $223,228 fine and the cessation of its MNGO token operations. This follows a $110 million exploit by Avraham Eisenberg, leading to charges against him. The settlement proposal requires Mango DAO to cease all MNGO token activities in the U.S., destroy or make unavailable all MNGO tokens it controls, and request the removal of MNGO tokens from crypto exchanges. This could significantly impact Mango Markets' future operations, as the MNGO token is crucial for its governance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

DBRiMatt

This has my support - instead of having proposal after proposal to adjust prices, I'm happy to let the DAO have a more active "business/marketing managerial" role and negotiate based on current factors at the point in time.

DBRiMatt

Voting [NO] in favour of CCIP-095 - instead of having proposal after proposal to adjust prices, I'm happy to let the DAO have a more active "business/marketing managerial" role and negotiate based on current factors at the point in time.

goldyluckinblokchain

At least the DAO will have the opportunity to try and negotiate if this passes. If it doesn't they can't even try

AutoModerator

This looks like a governance poll and has been filtered for mod review prior to voting. /u/CryptoMaximalist or /u/ominous_anenome or another mod will give it a final review and let you know when it is approved or what needs to be adjusted. If everything is in order, approve the post, remove this comment. Otherwise OP should repost to correct the issue. Please verify these things * This is listed as an approved CCIP here: https://docs.google.com/spreadsheets/d/1LhhqB4UAezNMdAwjV3evFXPD2x1JFCFHdnm8rmyRqAE/edit?usp=sharing * This has the proper CCIP-### - prefix * The poll does not include misinformation and the plan is clear and unambiguous * The poll only has 2 options, the first is supportive and second is No Change * The poll is posted on Monday of Moon Week (The day of the snapshot) * The poll is set to run for 7 days * The poll has [NoMoons] at the end of the title The original text of this poll is archived below: Title: CCIP-095 - Give DAO the ability to negotiate the pricing of banner, AMAs and Sponsored posts Body: *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Flineki

I spent a lot of time in the defi world. I've had to be the guy who explained, to more than a few people what exactly happened and how they lost their money. I've been a part of multiple auto-staking tokens/tomb forks/DAO structured projects and I've done lots of marketing. Most of which were Ponzi schemes and scams in the end. I made a lot and lost a lot. The best luck I've had with consistent trades is signal trading derivatives and that still comes with lots of risk. Best of luck man, sorry this happened. You can get back to where you were, you just have to go back to the drawing board and do it differently this time.

coinfeeds-bot

tldr; Shaquille O'Neal must defend against some allegations in a class action lawsuit related to his promotion of the Astrals NFT project. A U.S. court dismissed the claim that O'Neal was a 'control person' but allowed other parts of the lawsuit to proceed. The Astrals project involved 10,000 3D avatar NFTs and a DAO aimed at incubating innovative projects. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The Arbitrum DAO has passed a proposal with 91% approval from over 25,000 participants to introduce liquid staked ARB tokens, aiming to enhance governance and utility. This initiative allows ARB token holders to stake and delegate their tokens for a liquid staked ARB token, enabling auto-compounding of rewards and compatibility with DeFi applications. The proposal addresses governance issues and the risk of attacks on the Arbitrum treasury by incentivizing active participation and securing the network. Implementation costs are estimated at $200,000 in ARB tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

AskMeIfImAnOrange

Yes, staking for rewards absolutely puts them in the crosshairs for being a security. However, registering as a security is a huge PIA (and why US investors are usually excluded from ICO's). Really, for most projects token sales are just a way to raise funding without being legally beholden to anyone or giving up equity. It's dodgy AF. But they need to show some value for the token so projects do what they can to try and promote themselves as a utility token. The worst ones are where the principle use is "DAO voting" rights. Utterly useless.

poorbobsarmy

The irony is that these DAO/governance coins are actually not useless, which is what causes them to go downonly. If people can value a governance token as some % of what they think the protocol will be worth, they just price it at that ceiling, and because all these companies raise privately at huge valuations, they launch at higher FDV's than the protocol pricing, and just slowly bleed out Memecoins on the other hand have no ceiling BECAUSE they're useless. I have traded almost exclusively useless coins this cycle and done much better than if I'd bought coins with utility

veegaz

Do you know roughly how reddit, facebook, youtube, netflix work? They're currently hosted in big, and very costly, datacenters in Amazon Webservices (AWS), Google Cloud, Microsoft Azure etc.. Now, what does ICP do? It's transferring all the computational load onto the blockchain, which is run by nodes everywhere in the globe, which could be my crap laptop, your gaming computer, that guy's office desktop, etc.. And what does its token (crypto coin) do? I'm quoting directly from their website: "The ICP token plays a number of roles on the Internet Computer. Firstly, as a governance token, it can be staked to exercise those governance rights. As a utility token, it can be burned to obtain ‘cycles‘ which serves as gas for computation and storage in canister smart contracts. It can also be minted to reward ‘node machine‘ providers for providing that compute and storage. In addition to these core uses, ICP tokens can be used to participate in decentralisation swaps to become a co-owner of an SNS DAO, and when using many smart contract services built on the Internet Computer such as registries, marketplaces and exchanges."

SimpleMoonFarmer

1. Make a DAO that serves a purpose. 2. Make a token for pricing of the purpose.

coinfeeds-bot

tldr; The High Court of Hong Kong has ordered key figures of the MANTRA DAO project to disclose financial records amid allegations of asset misappropriation and unauthorized control. This decision is part of an ongoing legal battle between RioDeFi and MANTRA DAO regarding ownership. The case highlights issues of transparency and governance within the blockchain space. Defendants, claiming to be MANTRA DAO’s co-founders, are accused by RioDeFi’s directors and shareholders of misappropriating assets and seizing control without authorization. The court's order for financial disclosure aims to shed light on MANTRA DAO’s operations, which have been opaque since January 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

wpjunky

I've stayed away from SOL just because of all the reports on outages alone. I mean, I'm usually very forgiving about this kind of thing (ETH had the DAO hack and rollback fork, XRP doesn't have a genesis block, etc.) but those were like 10+ years ago. But with SOL, it felt like comedy with how often (seemingly anyway) the outages were happening. 🤷

anatolian_alt

I doubt there’s only 5k real users. Vitalik and a lot of other well known people in the space still post there daily, and a few DAO groups that I follow with a bunch of people I know personally have very active discussion channels on there.

rsa121717

Not sure of what youre asking. Anyone can reinvent the whole system, the question is who would use it? The number of miners impacts centralization of the network, not the amount of bitcoin held by someone. It seems like youre mistaking mining with with most DEFI/DAO governance shitcoins

R4ID

> Ripple IS centralized. Company IS centralized. Yes I agree, Ripple isnt a DAO and therefore the company is indeed centralized. XRP and the XRPL tho are not Ripple the company and are decentralized. >Governments will not adopt ripple. https://finbold.com/ripple-reveals-8-countries-building-cbdcs-on-xrp-ledger/ ahem... > If the us forced the ripple foundation to halt all operations I guarantee they wouldn't get traction anywhere else. Good luck again 90% of their current business is outside the USA... reading is very difficult if you choose to never do it, it's even harder if you're this stupid.

ILoveDonutsaLot

And you an already stake your OPN and receive a small percentage of every ticket sold. They also have a working DAO. They apply a lot of the original ideas of crypto and decentralisation. And they have supported the sales of over 6 million tickets. Most buyers had no idea that they were using crypto or NFTs.

frostyjulian

I know a couple of lawyers in the industry who have been laughing at the SEC throughout this case. This was supposed to be a slam dunk case. The SEC had Ripple dead to rights and should have been able to crucify Ripple(especially Larsen) and all they got out of this was 125 million. Even the 2 billion was low for what Ripple gained. Ripple was guilty asf of selling TF out of XRP to fund the whole thing and later selling TF out of XRP to keep the business afloat and using noob money to do it, all while claiming some imaginary use case that did the same damn thing as every crypto in existence. Noobs are so stupid with the "cross border payment talk" that they don't understand that every f'in crypto that exists is capable of being a cross-border payment and chains like SOL, ADA or even BSC are capable of creating millions of little XRP-like ledgers with the same governance as Ripple. The difference is that with XRP, instead of SOL, ADA, AND BSC being the ultimate authority, it's Ripple Inc. To put it in very simple terms it's called a dAO. The little D is because it's not decentralized but it's marketed to make you think it is. That is exactly what the XRP ledger is. It's a DAO, with a coin emission schedule where preferred "holders" nodes get to make all the real decisions while the plebs pay for the thing and think their "test-net-like" nodes mean a d'm thing. But I am wrong. I need to do more research. And since I am wrong and Ripple has so little control over the nodes, **Go ahead and vote for Ripple's coins in escrow to be burned. See how that turns out.**

WhatTheHeliosphere

So there's Dapps on various chains.. Use them. Egg Uniswap, aave on ETH. so for example... Get a phantom wallet, buy some SOL (used for gas fees) even if it's just $20 worth. Lend some Sol in Defi to earn yield. Go on Drip to get some free nfts Go on photofinish to race and bet on horses Mine some ore using your phones processing power Go on Jupiter or raydium to buy memecoins, stake the token and vote for proposals in the DAO. Use another dapp to trade (long/short) Swap the Sol for usdc and send it to a friend in less than a second... The use of the chain is what sends price up. Coinbase is OK, fees are high for a few things and the tokens they list are the last place they get listed. There's a hidden rule of "as soon as it goes live on coinbase..... Sell it.... And buy back loads lower." I'd say put 20 bucks on whatever chain you hear is good. Mess around with it, try another chain and see which one you prefer. Keep trying that and eventually you'll stop using the terrible ones (like Cardano and Polkadot) and end up using decent ones (like Sol, Aptos, Base, Near, Fantom. Eth)

old-bot-ng

Ethereum is a premined DAO forked stash of Vitalik’s tokens that can’t be mined any more and its network doesn’t even scale, unlike Solana, for instance. Ethereum is just a shitcoin.

aminok

Every time I point out how bad this Democratic administration has been on crypto, I trigger a bunch of Redditors, but unless bad behavior is called out, those engaging in it will not be subject to any accountability, and no incentive to change. So copy-pasting a comment I just posted deep in a comment thread: Trump can threaten or insinuate a lot of things, but the DoJ and OFAC have criminalized the development and use of a decentralized privacy protocol on Ethereum, and in doing so, signalled an intent to criminalize all privacy. Their case against TC is full of outright lies and disingenuous constructions, like claiming that TC's open source developers and the TC DAO which has no control over the TC smart contracts, collectively constitute a financial institution, and the smart contract code the TC developers released into the public domain constitutes that financial institution's property. The same argument could easily be made against Ethereum! It just so happens that for now, the regulatory heads appointed only want to use these arguments to stamp out privacy. This is not acceptable. There is no justification for minimizing the egregiousness of what the government under this Democratic administration is doing. Attorney General Merrick Garland is calling the developers of the Tornado Cash smart contracts "criminals", who helped other criminals (source: https://www.justice.gov/usao-sdny/pr/tornado-cash-founders-charged-money-laundering-and-sanctions-violations), and literally the only things the TC developers did is: 1. write open source code for a privacy protocol 2. publish the open source code 3. run revenue-generating advertisements on the website where they published the open source code. They put one of the developers, Roman Semenov, on the FBI's Most Wanted List! For doing nothing other than developing and publishing open source code! Anyone developing privacy protocols on Ethereum, or using them to shield their assets, is running an enormously high risk of being prosecuted, or having their Ethereum addresses sanctioned, respectively, in the future, as long as this administrations and its appointees are in power. We need all of the appointees involved in this war on Internet Freedom replaced, and unless Harris makes an unequivocal pledge to do that, it's extremely unlikely she would if she is elected president.

LoveSushi5

Stake substitution attacks are prevented by implementing dynamic fees based on the validator's share in the pool and whether the user wants to add or remove liquidity. The fee increases for validators with a larger share in the pool when adding liquidity and increases for validators with a smaller share when removing liquidity, resulting in a self-balancing pool. During the bootstrap phase, an admin badge controls the whitelist of allowed validators. Eventually, this control will transition to a DAO governed by sXRD holders. There is no active pool operator responsible for rebalancing. The "pool operator" can only set fee range levels and manage the whitelist. Limits are placed on the fees that can be set by the admin badge. LSU funds are always non-custodial and permissionless, meaning only liquidity providers have access to their tokens. Key elements are decentralized during the bootstrap phase, and in the mid-term, a DAO will control the fee and whitelist admin badge, achieving full decentralization. More on this: [https://ociswap.com/blog/sxrd-ociswap-s-new-defi-powerhouse](https://ociswap.com/blog/sxrd-ociswap-s-new-defi-powerhouse)