Welcome to your weekly dose of DAO news! In this newsletter, we'll cover the most important changes, proposals, and developments within the DAO ecosystem. Stay up-to-DAO with the latest trends and innovations as we delve into the dynamic world of decentralized governance.

Safe, the governance token of Safe DAO, recently became transferable after nearly two years of being locked. With a fully diluted valuation of $2 billion, the decision to enable transferability was guided by SafeDAO governance and community consensus with over 99% of participants accepting the proposal.

Source: theblock.co

After the successful Season 1 ezPoints campaign (over 250k users), Renzo protocol introduces REZ, its governance token which will be distributed on April 30th to all ezPoints campaign participants. The token launch signifies a significant step towards decentralization and community empowerment within the Renzo ecosystem.

Source: mirror.xyz/renzoprotocol.eth

Core DAO has announced the launch of a new exchange-traded product aimed at Bitcoin investors. The "Yield Bearing Bitcoin Exchange-Traded Product" is touted as a game-changer, offering investors the opportunity to earn yield without entrusting their private keys to third parties.

Source: blockchainreporter.net

Own The Doge DAO, associated with the Shiba Inu meme behind Dogecoin (DOGE), has secured legal rights to the iconic Shiba Inu image. By obtaining exclusive licensing and rights for the Doge image, the DAO aims to bring clarity to copyright issues and explore partnerships with big brands while unifying the Doge community.

Source: cointelegraph.com

Galxe has launched GAL Staking, allowing users to unlock exclusive rewards through Galxe Earn. With a $5M rewards pool and partnerships with prominent projects like Arbitrum, Polyhedra, and Merlin, GAL Staking integrates staking with reward mechanisms, promoting community engagement and participation in the Galxe ecosystem.

Source: thedefiant.io

Over the past week, a total of 2162 new DAOs were created, reflecting an 1.13% addition ratio. The majority were created through Snapshot (2101), followed by XDAO (27), Aragon (22), Colony (7) and Party (5).

"XDAO" leads the gainers pack with an impressive treasury increase of $8,687,003.059 (37.32%), followed closely by Vow Governance with a growth of $63,383,749.42 (28.34%) and inSure DeFi with a gain of $66,700,175.12 (25.57%).

On the downside, KlimaDAO experienced the most significant setback, with a treasury decrease of -$4,121,111.999 (-26.19%). Dual Finance and Aviator DAO also suffered notable losses, declining by -$2,845,047.368 (-21.64%) and -$1,850,410.183 (-17.77%) respectively.

The past 7 days, a total of 7440 new members joined the DAO ecosystem, representing a 0.12% increase in total voters. Additionally, 813 new proposals were submitted, marking a 0.19% increase in proposal activity.

DEFI DAOs

1. Stargate DAO: "Stargate V2" - 90,120 voters.

2. Stargate DAO: "Proposal to wind down support for the Fantom Ecosystem" - 77,711 voters.

3. Arbitrum DAO: "ACryptoS Protocol - Funding Approval for LTIPP [Post Council Feedback]" - 9,381 voters.

NFT DAOs

1. Aavegotchi DAO: "[AGIP 117] Custom IRL Aavegotchi Physical Arcade Machine" - 493 voters.

2. Aavegotchi DAO: "[AGIP 116] Elected Facilitators for DAO Meetings" - 473 voters.

3. Aavegotchi DAO: "Convert all DAO-owned $DAI/$aDAI -> $USDC/$aUSDC" - 422 voters.

Lido DAO community has approved the "Dual Governance" proposal, aimed to introduce a mechanism granting StETH holders a dynamic user-extensible timelock on DAO decisions and a rage quit mechanism specific to Ethereum withdrawals.

Full Proposal: Dual Governance: design and path towards implementation

The StargateDAO proposes to cease support for the lzUSDC pool on the Fantom ecosystem due to insufficient volume and potential assets deprecation. This move aims to optimize capital allocation, enhance liquidity, and prepare for Stargate V2 launch, aligning with the Fantom Foundation's announcement of a new canonical stablecoin. Voting ends on April 27.

Full Proposal: Proposal to wind down support for the Fantom Ecosystem

Aavegotchi DAO considers converting all DAO-owned $DAI and $aDAI tokens to $USDC and $aUSDC, aiming to mitigate risks associated with DAI's peg stability. Proposal is currently open for voting until April 27.

Full Proposal: Convert all DAO-owned $DAI/$aDAI -> $USDC/$aUSDC

VitaDAO community will be voting to fund "The Longevist" for 2024, highlighting achievements in 2023 and plans for 2024, including expanding the curator network, strengthening outreach, growing the academic reader community, developing educational material, and hosting an annual award ceremony.

Full Proposal: VDP-144 The Longevist Annual Review

This core Qi DAO proposal aims to deprecate v1 vaults on Polygon to restore MAI's peg to $1.00. Two options are presented: gradual adjustment of collateral factor or immediate setting to 0%, both with reduced liquidation penalties to minimize impact on users. Voting ends in less than 24h.

Full Proposal: QIP236: Deprecate V1 Vaults on Polygon PoS

Stay up-to-date with the most exciting updates, insights and DAO statistics as well as earn platform points (👀) by subscribing to the "The Weekly DAO" Newsletter!

• Website: https://daobase.ai/

• Twitter: https://twitter.com/daobase_ai

• Telegram: https://t.me/daobase_ai

• Discord: https://discord.com/invite/N6f25tPs9W

• Warpcast: https://warpcast.com/daobase

• Medium: https://medium.com/@daobase_ai

⚠️ Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as financial advice. Readers are encouraged to conduct their own research before making any investment decisions.

Welcome to your weekly dose of DAO news! In this newsletter, we'll cover the most important changes, proposals, and developments within the DAO ecosystem. Stay up-to-DAO with the latest trends and innovations as we delve into the dynamic world of decentralized governance.

Safe, the governance token of Safe DAO, recently became transferable after nearly two years of being locked. With a fully diluted valuation of $2 billion, the decision to enable transferability was guided by SafeDAO governance and community consensus with over 99% of participants accepting the proposal.

Source: theblock.co

After the successful Season 1 ezPoints campaign (over 250k users), Renzo protocol introduces REZ, its governance token which will be distributed on April 30th to all ezPoints campaign participants. The token launch signifies a significant step towards decentralization and community empowerment within the Renzo ecosystem.

Source: mirror.xyz/renzoprotocol.eth

Core DAO has announced the launch of a new exchange-traded product aimed at Bitcoin investors. The "Yield Bearing Bitcoin Exchange-Traded Product" is touted as a game-changer, offering investors the opportunity to earn yield without entrusting their private keys to third parties.

Source: blockchainreporter.net

Own The Doge DAO, associated with the Shiba Inu meme behind Dogecoin (DOGE), has secured legal rights to the iconic Shiba Inu image. By obtaining exclusive licensing and rights for the Doge image, the DAO aims to bring clarity to copyright issues and explore partnerships with big brands while unifying the Doge community.

Source: cointelegraph.com

Galxe has launched GAL Staking, allowing users to unlock exclusive rewards through Galxe Earn. With a $5M rewards pool and partnerships with prominent projects like Arbitrum, Polyhedra, and Merlin, GAL Staking integrates staking with reward mechanisms, promoting community engagement and participation in the Galxe ecosystem.

Source: thedefiant.io

Over the past week, a total of 2162 new DAOs were created, reflecting an 1.13% addition ratio. The majority were created through Snapshot (2101), followed by XDAO (27), Aragon (22), Colony (7) and Party (5).

"XDAO" leads the gainers pack with an impressive treasury increase of $8,687,003.059 (37.32%), followed closely by Vow Governance with a growth of $63,383,749.42 (28.34%) and inSure DeFi with a gain of $66,700,175.12 (25.57%).

On the downside, KlimaDAO experienced the most significant setback, with a treasury decrease of -$4,121,111.999 (-26.19%). Dual Finance and Aviator DAO also suffered notable losses, declining by -$2,845,047.368 (-21.64%) and -$1,850,410.183 (-17.77%) respectively.

The past 7 days, a total of 7440 new members joined the DAO ecosystem, representing a 0.12% increase in total voters. Additionally, 813 new proposals were submitted, marking a 0.19% increase in proposal activity.

DEFI DAOs

1. Stargate DAO: "Stargate V2" - 90,120 voters.

2. Stargate DAO: "Proposal to wind down support for the Fantom Ecosystem" - 77,711 voters.

3. Arbitrum DAO: "ACryptoS Protocol - Funding Approval for LTIPP [Post Council Feedback]" - 9,381 voters.

NFT DAOs

1. Aavegotchi DAO: "[AGIP 117] Custom IRL Aavegotchi Physical Arcade Machine" - 493 voters.

2. Aavegotchi DAO: "[AGIP 116] Elected Facilitators for DAO Meetings" - 473 voters.

3. Aavegotchi DAO: "Convert all DAO-owned $DAI/$aDAI -> $USDC/$aUSDC" - 422 voters.

Lido DAO community has approved the "Dual Governance" proposal, aimed to introduce a mechanism granting StETH holders a dynamic user-extensible timelock on DAO decisions and a rage quit mechanism specific to Ethereum withdrawals.

Full Proposal: Dual Governance: design and path towards implementation

The StargateDAO proposes to cease support for the lzUSDC pool on the Fantom ecosystem due to insufficient volume and potential assets deprecation. This move aims to optimize capital allocation, enhance liquidity, and prepare for Stargate V2 launch, aligning with the Fantom Foundation's announcement of a new canonical stablecoin. Voting ends on April 27.

Full Proposal: Proposal to wind down support for the Fantom Ecosystem

Aavegotchi DAO considers converting all DAO-owned $DAI and $aDAI tokens to $USDC and $aUSDC, aiming to mitigate risks associated with DAI's peg stability. Proposal is currently open for voting until April 27.

Full Proposal: Convert all DAO-owned $DAI/$aDAI -> $USDC/$aUSDC

VitaDAO community will be voting to fund "The Longevist" for 2024, highlighting achievements in 2023 and plans for 2024, including expanding the curator network, strengthening outreach, growing the academic reader community, developing educational material, and hosting an annual award ceremony.

Full Proposal: VDP-144 The Longevist Annual Review

This core Qi DAO proposal aims to deprecate v1 vaults on Polygon to restore MAI's peg to $1.00. Two options are presented: gradual adjustment of collateral factor or immediate setting to 0%, both with reduced liquidation penalties to minimize impact on users. Voting ends in less than 24h.

Full Proposal: QIP236: Deprecate V1 Vaults on Polygon PoS

Stay up-to-date with the most exciting updates, insights and DAO statistics as well as earn platform points (👀) by subscribing to the "The Weekly DAO" Newsletter!

• Website: https://daobase.ai/

• Twitter: https://twitter.com/daobase_ai

• Telegram: https://t.me/daobase_ai

• Discord: https://discord.com/invite/N6f25tPs9W

• Warpcast: https://warpcast.com/daobase

• Medium: https://medium.com/@daobase_ai

⚠️ Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered as financial advice. Readers are encouraged to conduct their own research before making any investment decisions.