DeXe Protocol - Announcements

❔Is the DAO evolution going in the right direction?

📈DAOs have come a long way in a seemingly short time. Certainly, DAOs have evolved from simple theoretical constructs to complex and varied governance structures with thousands of members and real-world use cases. Yet, has that evolution been going in the right direction? Or is it falling far short of its full potential?

📖We explore those and other questions in the full article 👉 here

📊State of the DAOs - September 14th

A quiet week for DAO activity accompanied a dip in the market.

📝DAO News

▪️25% of Nouns DAO NFT holders decided to rage quit.

▪️Arbitrum’s usage metrics decline.

▪️Lido is assuring the public that all LDO and stETH are safe despite “fake deposit” attacks.

▪️The decentralized Infura launch may be imminent.

▪️Coinbase Prime’s upcoming Web3 wallet may give institutions a way to vote on DAO proposals.

▪️ApeCoin DAO is facing severe pessimism about its direction.

▪️Sushi is expanding to the Aptos blockchain.

▪️Polygon Labs used an interesting “apple orchard” analogy in asking U.S. Senators for reasonable crypto taxation.

👥DAO Proposals

1 high-, 15 mid- and 9 low-importance proposals, most focused on Team (10). Osmosis is especially active.

🔝Most active members by DAO

Stargate Finance - 8,927,362
Magic Square - 6,659,112
Aave - 2,291,963
Optimism - 1,142,373
Lenster - 747,632

📖Details (with stats, pics, and links) in the full article 👉 here

Certik completes its audit of DeXe 🔥

✅DeXe smart-contracts have passed an audit from Certik. DeXe’s smart-contracts received an overall security score of A.

DeXe was evaluated in six categories:

▪️Fundamental Health
▪️Operational Resilience
▪️Governance Strength
▪️Market Stability
▪️Community Trust
▪️Code Security

📌In this way, Certik’s audit included comprehensive coverage of the various different areas that determine a protocol’s health. The details of the Certik audit are available here.

📖Details in the full article 👉 here

❕Mark Zuckerberg made a real revolution by creating Facebook - after, the era of social media began.

✅However, in recent years, social networks have become increasingly degraded: we have stopped seeing new things and more and more often use social networks just to kill time.

❔But perhaps it is time for new revolutions? Decentralized revolutions?

📌In our new article on Substack we talk about decentralized social networks,

Read at the link below 👇👇👇
https://daoism.substack.com/p/unchaining-social-media-exploring

KuCoin Will Support the DeXe (DEXE) Token Swap
👉https://www.kucoin.com/announcement/en-kucoin-will-support-the-dexe-token-swap-20230911
#Announcement

Meet DeXe in Singapore at TOKEN2049 next week.

Excited to announce that our contributor, Dmytro Kotliarov, will be representing DeXe! 🚀 A fantastic opportunity to forge new connections with DAOs and engage in strategic partnerships.

Who else is gonna be there? Let’s connect.

💡Hey DeXers, our next DAO Talk Panel is on Tuesday, September 12th @ 16:00 UTC.

Theme: What actually motivates DAO delegates? Expect a lively discussion between:

▪️Bruno Skvorc, the Founder of RMRK.app and co-founder of CypherMOD
▪️Mahesh Murthy, the Founder of Karma
▪️PaperImperium of GFX Labs

✅ Each guest has a unique experience with DAOs and delegation. Will their views on delegate motivation clash or will they find common ground? Are delegates motivated purely by financial gains? Well, how could those be optimized for effective governance? What if they're not, though — what other motivation could work? Our guests will debate these and other questions.

📍Listeners will get a POAP

Join us on Tuesday and bring some questions!🔥

❔What actually motivates DAO delegates?

One of the major differences between DAOs and other types of crypto projects where people can buy shares in the form of tokens is that DAO tokens give holders voting power in the DAO, which, of course, is why they’re called governance tokens. But are they actually being used for voting?

🔺Apparently, the current answer is a lot closer to No than to Yes. Unique voter turnout hovers around 7-20% of all tokens held, often dipping much lower.

Could delegating tokens to those who want to actively vote help? Unfortunately, delegation is coming up with the same shortfalls as voting in general. Around 55% of delegates across DAOs have never cast a vote.

Clearly, delegates are not currently motivated to vote. So what could motivate delegates to actively — and meaningfully — use the voting power delegated to them?

✔️We discuss delegate motivation in detail and ask some hard questions in the full article 👉 here

💡Hey DeXers! We are excited to announce that a new bridge is now live for $DEXE — and it's none other than the highly reputable Wormhole bridge.

Wormhole is a well-trusted bridge that has proven itself highly capable of moving tokens between chains. Now, you can safely and smoothly transfer your $DEXE tokens from the BNB chain to the ETH chain.

📌 A new $DEXE contract for the BNB chain has been deployed.
Contract address: 0x6E88056E8376Ae7709496Ba64d37fa2f8015ce3e
❕ You'll need to swap your $DEXE on the BNB Chain. Follow the detailed instructions 👉 here

✅Stay safe, and thank you for being a part of the DeXe community!

📊State of the DAOs - September 7th

Some consolidation in DAO treasuries did not lead to a slowdown in activity.

📝DAO News

▪️MakerDAO co-founder proposes to fork Solana’s codebase for a native chain.

▪️Lido asked to spend $1.5M to expand Solana liquid staking.

▪️Uniswap to spend 2 million ARB on Gauntlet and Gamma Strategies liquidity incentive proposals.

▪️Is Constitution DAO really pivoting to AI?

▪️Is Vance Spencer right that AI is the “missing piece” for DAOs?

▪️Decentraland passed proposal to let the community decide on grant revocations.

▪️Decentral Games DAO will use 20% of its casino profits to buy back $ICE and burn it.

▪️Airbitrum passed proposal to integrate with Rarible’s open-source protocol.

👥DAO Proposals

25 mid- and 31 low-importance proposals, most about Parameters (13) and Team (25).

🔝Most active members by DAO

Stargate Finance - 929.4k
SyncSwap - 220.9k
Arbitrum One - 201.9k
PancakeSwap - 130.9k
Optimism Collective - 88.7k

📖Details (with pics) in the full article 👉 here

❕There are just a few thoughts about how delegating dead votes of tokens stuck in DAO treasuries could change the governance system. Wonder if it’s possible to use token delegation to even out governance, to make it more fair and equitable.

❔Can those dead token votes bring more stakeholders into the fold? Can it increase the effectiveness and amount of proposals? Can it prevent exploits and other issues from derailing the DAO? These are just some questions for the DAO community.

📖 Details in the full article 👉 here

💡DeXe DAO August Update

🔥With the work on developing the DeXe Protocol continues, an independent audit proposal passed and has already been followed by audits from Ambisafe and Hacken.

🎙Our DeXe’s DAO Talk Twitter Spaces guests were:

▪️Eyal of DeepDAO, an amazing DAO dashboard
▪️Our first panel featuring Ben West of Gitcoin Grants and Deepa Chaudhary of Impact DAO (plus a surprise guest)
▪️Crews Enochs from the legendary Index Coop
▪️Sarah Hodsdon, a creator champion of DAOs for makers

📌All our live spaces are available on YouTube, Apple Podcasts, and Spotify via this link. Weekly DAO digests are announced here on Thursdays.

🏆Another quest on Zealy has launched with new ways to show support for DeXe and a prize pool.

✅DeXe contributors continue sharing their DAO journey via articles, including two on Hackernoon (one with tips for new DAO creators and one discussing various legal frameworks for DAOs), plus one on Speka (in Ukrainian) about launching DAOs.

See you in September!

📊State of the DAOs - August 31st

DAO membership keeps growing.

📝DAO News

▪️Polygon launched a Chain Development Kit (CDK)

▪️FWB DAO’s community narrowly rejected the proposal to shift to a 3-person leadership council

▪️dYdX has extended its grants program by another 6 months

▪️Decentraland DAO’s community ratified a freeze on spending

▪️Aura DAO’s community voted to use 150k OP tokens granted to it by Optimism to enhance the Balancer ecosystem there

▪️MetFi DAO launched “the first 100% AI-powered Blockchain Learn-to-Earn game”

▪️RARE staking protocol is coming to Ethereum

▪️1inch DAO’s Constitution is coming via Stablelab, which received a $26k USDC grant to write it

👥DAO Proposals

14 each of mid- and low-importance proposals, most about Parameters (8) and Team (12). Frax and Osmosis most active

🔝Most active members by DAO

Stargate Finance - 929.2k
SyncSwap - 220.9k
Arbitrum One - 201k
PancakeSwap - 130.8k
Optimism Collective - 88.7k

📖Details (with pics) in the full article 👉 here

💡Hey DeXers, our next DAO Talk is on Tuesday, September 5th @ 17:00 UTC.

Joining us are Edwin, CBO of veDAO and Mischa0X, a Contributor of Popcorn DAO.

✅ We'll discuss a number of DAO topics with Edwin and Mischa, with a focus on using the full potential of DAO governance.

📍As always, listeners will get a POAP

Join us on Tuesday and bring some questions!🔥

🔥DeXe passes an audit by Hacken

✅Hacken has completed their audit of DeXe Protocol’s smart-contracts. The audit was composed of several distinct audits, going back several months in order to account for new code coming in and to be as strict as possible. DeXe received top marks in each category of the audit:

▪️Documentation quality: 10 out of 10
▪️Code quality: 10 out of 10
▪️Test coverage: 100%
▪️Security score: 10 out of 10
▪️Overall: 10 out of 10

📍The earliest audit found 37 issues, 2 of them critical. The latest one found only 3 low-level issues, with 0 medium, high, or critical ones.

❕You can read their full audit on Hacken’s website or directly here.

This comprehensive and lengthy audit is necessary to look at our smart-contract security from all the angles. Similarly, it’s important to submit to audits from multiple expert groups, with each using their own specialty tools and expertise to find even the slightest vulnerabilities.

📖Details in the full article 👉 here

🔥Hey DeXers - our latest Zealy challenge sprint just ended. Such an amazing community — love it! People completed tasks with speed and accuracy for three weeks, showing the world why each of us is so proud to be part of the DeXe community.

💡Who won the challenge? DeXe did, of course - thanks to your active participation, our community is stronger than ever. Plus, here is the list of prize winners!

❕We'll send out the rewards this time via the BSC chain within a week from now. Thank you for your active involvement in the DeXe DAO.

📌And, of course, this is not the end of DeXe community activities. As long as we have such great members, there's bound to be something to look forward to. So stay tuned.

✅We already know that DAO is a very agile organization that enables many processes to work better. But if we take an even broader view? For example, how DAOs affect our everyday processes.

💡What would happen if we told you that a DAO could be used to regulate family travel or charitable giving much more conveniently?

📖 Interesting? Read our new article on Substack: Exploring the Unconventional: Five Unique Uses of DAO in Everyday Life

📊State of the DAOs - August 24th

Treasuries are down while active membership is rising.

📝DAO News

▪️Yuga Labs is blocking OpenSea for dropping mandatory royalties. Meanwhile, ApeCoin DAO passed a proposal to spend $5,750 to design a mascot.

▪️Up to $126M in tokens is about to be unlocked by Avalanche, Lido DAO, and Space ID.

▪️1inch DAO rejected a proposal to lower the voting quorum.

▪️Decentraland’s proposal to redistribute the budget in light of the Community Builder grant category failed.

▪️Teia NFT marketplace began distributing its tokens.

👥DAO Proposals

Only 22 mid- and 17 low-importance proposals this week, most re: Parameters (10) and Team (19).

🔝Most active members by DAO

Stargate Finance - 889.3k
SyncSwap - 220.9k
Arbitrum One - 198.6k
PancakeSwap - 130.7k
Optimism Collective - 88.7k

📖Details (with stats, pics, and links) in the full article 👉 here

💡Hey DeXers, our next DAO Talk is on Tuesday, August 29th @ 16:00 UTC.

Joining us is Mischa0X, a Contributor of Popcorn DAO.

✅ Popcorn is a yield-optimization protocol with a very good twist: funding public goods. We'll talk about how DAOs can combine revenue-generating business with a mission of funding public goods.

📍Listeners will get a POAP plus a Zealy Quest.

Join us on Tuesday and bring some questions!🔥

📊State of the DAOs - August 17th

For the first time, over 40% of DAO members tracked by DeepDAO are active users.

📝DAO News

▪️Aave DAO members are discussing converting its 2.7 ARB allocation into stablecoins or ETH

▪️Illuvium’s peer and self evaluation process proposal has been approved

▪️Sandbox cofounder’s interview about the Elvis Legacy Council DAO

▪️Silo DAO voted to swap 1M USDC for LUSD

▪️Per this screenshot, Aragon was trying to sell itself

▪️TRON DAO Ventures has acquired $2M worth of CRV

▪️SHIB Doggy DAO got an investment firm as an advisor

▪️MakerDAO founder gave an interview to CoinDesk about DAO voter participation and MakerDAO’s endgame

👥DAO Proposals

There are 24 mid- and 23 low-importance ones, most on Parameters (14) and Team (22). Aave and Osmosis are especially active

🔝Most active members by DAO

Stargate Finance - 858.1k
SyncSwap - 220.9k
Arbitrum One - 195.9k
PancakeSwap - 130.4k
Optimism Collective - 88.7k

📖 Details (with stats, and pics) in the full article 👉 here