DAOs
Coverage of DAOs in the Nexus archive.
- Crypto’s most controversial governance idea is making a comeback
Crypto investors are reevaluating decentralized autonomous organizations (DAOs) after past failures highlighted issues with token-based governance. Critics argue majority token ownership undermines true democracy, citing examples like Polymarket and UMA protocol where a few large holders sway decisions. Despite skepticism, some founders remain optimistic about improving DAOs through new iterations.
- Malta proposes DeFi rulebook covering DAOs under MiCA-era framework
Malta is proposing a DeFi rulebook under its MiCA-era framework to regulate software-governed organizations like DAOs. The regulator argues that many DeFi projects are not fully decentralized and seeks industry feedback on the legal framework.
- everyone read tally leaving governance as "daos are dead." i think that's backwards
Tally stepped out of governance in March, but this doesn't mean onchain voting is finished. The vote itself is a contract and governance keeps executing regardless of any one company maintaining a frontend for it. The real dependency is the infra around the contract, such as relayers and indexers.
- DAOs did not fail because governance was a bad idea. They failed because legal reality was ignored.
DAOs failed due to ignoring legal reality, not because governance was a bad idea. They need to separate three layers: governance, treasury, and legal wrapper to work effectively. The next version of DAOs will likely have transparent on-chain coordination, clear legal structure, and serious operational controls.
- Introducing The Solana Research Institute (SRI)
The Solana Research Institute (SRI) is a non-profit organization focused on enabling financial institutions to engage with blockchain infrastructure, particularly Solana. It addresses technical, legal, and structural challenges through research, discussions, and working groups involving crypto firms, regulators, and traditional finance stakeholders.
- the whole concept of DAOs is basically failing because we can't solve the sybil problem
The article discusses the failure of DAOs due to the sybil problem, where bot farms manipulate governance through automated voting. It criticizes current solutions like Gitcoin Passport and on-chain activity scores for being ineffective against botnets, suggesting hardware-based zero-knowledge biometric credentials (e.g., Orb) as a potential fix.
- has anyone here used gamma or arrakis for uniswap v3 LP? which one is better
The article compares Gamma and Arrakis for Uniswap V3 liquidity providing (LP), noting Arrakis is tailored for protocols/DAOs while Gamma is user-focused but has rebalancing issues. The user is uncertain due to potential impermanent loss and fees with Gamma's rebalancing.
- are we basically accepting that DAOs will be run by bots soon?
The article discusses concerns about botting in DAO governance, highlighting the failure of software solutions to combat AI-driven sybil attacks and the tension between privacy and decentralization. It explores potential solutions like zero-knowledge proofs and hardware anchors to verify human participants without compromising privacy.