DAO

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Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions

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Gitcoin, an organization that helps fund open source projects around the Ethereum blockchain, has deactivated a grant due to it being directed to individuals from a sanctioned country. The grant, called “Free Smart Contract Development Course for Farsi Speaking Communities,” was directed and organized by an organization called Women in Blockchain Farsi. The move created … Read more

Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao

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The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million Exploit — Engineers Pause Smart Contracts According to the official Badgerdao Twitter account, the team has … Read more

Ethereum Name Service to Pivot to DAO Governance, Airdrops ENS Token to Domain Holders

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The Ethereum Name Service (ENS), the entity that controls the decentralized domains built on top of Ethereum, announced it would pivot to a decentralized governance model, opening the door to the formation of a DAO (decentralized autonomous organization). The ENS is now calling for delegates to propose their views to the community in order to … Read more

An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM

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In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be … Read more