# DAO Related Articles

HTX News Center provides the latest articles and in-depth analysis on "DAO", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

547 Million OP Tokens Transferred from User Airdrop to Ecosystem Fund: DAO Voting Becoming Sham Democracy

An Optimism governance vote approved the controversial transfer of 546.9 million OP tokens (12.7% of total supply, ~24% of circulating supply) from the remaining "User Airdrop" allocation to the Foundation-controlled "Strategic Ecosystem Fund." The vote passed with a decisive 849,000 OP vote from "Test in Prod," a core development team fully funded by the Optimism Collective, cast just 17 minutes before the deadline. The Foundation argued that broad user airdrops are ineffective for the current institutional expansion phase and that the funds are needed as a flexible "war chest" to secure enterprise clients like Bitpanda and Dunamu. Critics, including L2BEAT and researcher Polynya, opposed the move. They cited the Foundation's overly broad mandate, a lack of clear link to token holder interests, insufficient assessment of past ecosystem fund expenditures (~686M OP spent), and the rewriting of the original distribution promise made to users. The incident highlights deeper governance concerns beyond low voter turnout. It raises questions about the independence of votes from entities financially dependent on the Foundation and the ethical limits of DAO governance—specifically, whether a majority vote can legitimately redefine foundational promises and minority expectations. The move signals a shift from community-focused airdrops to enterprise-driven strategy, eroding user trust amid OP's significant price decline.

marsbit08/21 01:41

547 Million OP Tokens Transferred from User Airdrop to Ecosystem Fund: DAO Voting Becoming Sham Democracy

marsbit08/21 01:41

540 Million Token Airdrop About to Be Confiscated? OP Governance Vote Descends into Civil War

Optimism Foundation has proposed reallocating the remaining 546.9 million OP tokens from the user airdrop pool into a new "Strategic Ecosystem Fund," a move requiring a governance vote from August 14 to 20. The fund would target institutional partnerships and on-chain growth. While support currently leads with ~9.1 million OP votes versus ~4.26 million opposed, participation falls short of the ~16.54 million quorum. The proposal follows a strategic shift away from broad user airdrops and Retro Funding, with no new airdrops since May and reduced annual token issuance. Critics argue it centralizes control and diminishes user incentives, as highlighted by a major voter's first-ever opposition vote. OP's price hovers around $0.08, with its TVL significantly down from peak levels. The outcome remains uncertain pending final voter turnout.

marsbit08/18 07:21

540 Million Token Airdrop About to Be Confiscated? OP Governance Vote Descends into Civil War

marsbit08/18 07:21

Compound Company Shares Soar After Project Announces $52 Million Institutional Market Shift

Compound, a pioneering decentralized lending protocol, has approved a record $52 million development budget and restructured its leadership to focus on institutional markets. This shift marks a move away from the retail yield-chasing that once drove DeFi. Its native token, $COMP, surged over 10% following the announcement. The protocol's Total Value Locked (TVL) has fallen about 90% from its 2021 peak to around $1.2 billion, lagging behind rivals like Aave. The budget, approved by the Compound DAO, allocates $28 million for operations and the new Compound V4 protocol, and $24 million for growth, including $8-10M specifically for institutional partnerships. V4 introduces a "hub-and-spoke" model for better capital efficiency and risk control. The new executive team includes veterans from Coinbase Custody, Near Foundation, and Maple Finance. Industry observers note this institutional pivot is a widespread survival strategy in crypto, as retail participation has dwindled and tokenized real-world assets grow.

cryptonews.ru08/18 05:26

Compound Company Shares Soar After Project Announces $52 Million Institutional Market Shift

cryptonews.ru08/18 05:26

Aventus Launches Node Sales for Its Blockchain Network

Aventus, a blockchain infrastructure developer for enterprise applications, has launched the sale of node licenses for its Aventus Cloud network. This allows individuals and companies to run their own nodes and provide computational power to the network. Aventus Cloud offers decentralized computing for applications on the Aventus network. Nodes process and validate various operations, including oracle data, cross-chain state information, and custom user logic. Node operators can earn rewards for supplying these computational resources. Aventus plans to issue up to 40,000 node licenses, with over 2,500 already operational. The current Genesis tranche price is $1,755 per license. The company emphasizes that the license is a software product, not an investment instrument, and requires KYC verification for purchase. Operating as a non-profit DAO governed by AVT token holders, Aventus is built on Substrate and connected to Polkadot. Its infrastructure enables new appchains to utilize decentralized computing resources without building their own operator networks.

cryptonews.ru08/14 10:36

Aventus Launches Node Sales for Its Blockchain Network

cryptonews.ru08/14 10:36

"DeFi No Longer Exists," Only On-Chain Finance: Andre Cronje

Andre Cronje, founder of the DeFi platform Flying Tulip and creator of the Fantom network, argues that "DeFi no longer exists" in its original form. He states that most decentralized finance protocols have lost true decentralization, immutability, and the ability to operate without intermediaries, evolving instead into what he calls "on-chain finance" or "open finance." Cronje contends that companies now act as intermediaries, making decisions and performing curator roles, which mirrors traditional finance. Cronje has raised this issue for months, noting that debates among developers about emergency mechanisms like kill switches further dilute DeFi's core principles. He is not alone in this view; the European Central Bank has also questioned the decentralization of major DAOs, finding that a small number of token holders control most governance power in protocols like Aave and MakerDAO. Despite this shift, Cronje acknowledges that genuine DeFi innovation still exists in small niches. The total value locked in DeFi has fallen significantly, from $167 billion in October 2025 to $75 billion at the time of writing.

cryptonews.ru08/13 12:30

"DeFi No Longer Exists," Only On-Chain Finance: Andre Cronje

cryptonews.ru08/13 12:30

ENS Governance Restructuring Approved: Foundation Formalized, Finally Able to Pursue .ens Top-Level Domain

ENS token holders have approved the "Next Era of the ENS DAO" proposal, formally establishing the ENS Foundation as a legal entity. This enables the Foundation to represent ENS in institutional matters such as pursuing the .ens top-level domain with ICANN, engaging with standard-setting bodies like IETF and W3C, participating in regulatory discussions, defending trademarks, and hiring dedicated staff. The new structure clarifies roles: ENS Labs focuses on core protocol development (like ENSv2), the DAO retains control over protocol contracts and treasury (holding 54.6% of ENS tokens), and the Foundation handles off-chain, institutional representation. The five-member inaugural Foundation Board, appointed and overseen by token holders, includes an Executive Director and independent directors. This governance upgrade aims to strengthen ENS's role as credibly neutral, publicly governed internet infrastructure for the long term.

marsbit08/13 08:22

ENS Governance Restructuring Approved: Foundation Formalized, Finally Able to Pursue .ens Top-Level Domain

marsbit08/13 08:22

1confirmation: Reverse Entrepreneurship, the Next Web3 Blockbuster Might Come from a Once-Failed Track

**Title: Reverse Entrepreneurship: The Next Web3 Blockbuster May Come from Previously Failed Tracks** This article argues that the next major consumer crypto application is likely to emerge from a concept that failed five years ago, now benefiting from matured infrastructure and better timing. It examines several such "failed" tracks that hold renewed potential: 1. **Internet-Native Assets:** Beyond simply tokenizing tweets or creating digital collectibles, there's an opportunity to create a genuinely new, crypto-native asset class that captures cultural moments and online phenomena, as opposed to merely tokenizing real-world assets (RWA). 2. **X-to-Earn:** While unsustainable token emission models doomed early projects like STEPN, the core premise that most people will first *earn* crypto, not buy it, remains valid. The future challenge is designing what is earned and why users would hold it long-term. 3. **The Metaverse:** Past failures like Decentraland stemmed from trying to replicate the physical world online. The opportunity lies not in abandoning shared online social spaces, but in reimagining their form beyond real-world analogs. 4. **DAOs:** DAOs have underdelivered by overcomplicating governance. The fundamental, unmet user need is simpler: enabling groups of internet strangers to pool funds and collectively achieve goals (e.g., buying assets, funding projects) that are impossible individually. 5. **Personal Value Tokenization:** Numerous attempts (Friend.tech, BitClout) to create markets around individuals have failed. The enduring demand for "person-as-asset" trading (seen in meme coins, prediction markets) suggests the direction isn't wrong, but the execution has been flawed, often lacking creator consent or a less commodified model. The conclusion is that true innovation will come from revisiting these past ideas with new insights, rather than crowding into currently popular trends.

marsbit08/13 00:06

1confirmation: Reverse Entrepreneurship, the Next Web3 Blockbuster Might Come from a Once-Failed Track

marsbit08/13 00:06

ENS Has Quietly Completed a 'Self-Revolution'

On August 11th, the ENS DAO officially voted into effect the "Next Era of ENS DAO" proposal. This move by the crucial Ethereum domain name protocol establishes a legal entity, the ENS Foundation, to represent it in the real world—a long-missing piece after nearly a decade of operation. The proposal, initially introduced in June, sparked significant community debate. Critics feared it amounted to the DAO dissolving itself and handing over its treasury. The final version, however, represents a compromise, carefully balancing control. The DAO retains governance over its substantial ENS token holdings and its operational wallet. A $65 million endowment is delegated to the Foundation's Board but protected by a 9-day timelock and a Security Council veto. The DAO also holds ultimate power to appoint and remove Board members. The Foundation's role is to handle tasks the DAO is ill-suited for, such as legal representation, trademark enforcement, and engagement with traditional internet governance bodies like ICANN. This allows ENS Labs, the core development company, to focus on engineering, like the upcoming ENSv2. The five-member Foundation Board includes independent directors with provisions to manage conflicts of interest, particularly regarding funding to ENS Labs. This governance restructuring aims to create a clearer separation of duties: the DAO safeguards protocol neutrality, the Foundation handles real-world operations and diplomacy, and ENS Labs focuses on development. It acknowledges the limitations of pure token voting for day-to-day operations, seeking efficiency through a professionally managed entity with built-in accountability mechanisms. The ENS experiment—aiming to be both credibly neutral and effectively represented in traditional forums—will be closely watched as a potential model for the broader DAO ecosystem.

marsbit08/12 10:06

ENS Has Quietly Completed a 'Self-Revolution'

marsbit08/12 10:06

ENS Plans Large-Scale Expansion of Institutional Activity via Foundation Launch

The Ethereum Name Service ($ENS) DAO token holders ratified the "Next Era of $ENS DAO" proposal, leading to the launch of the $ENS Foundation on-chain as a legal operational entity with a paid executive director, staff, and a five-member board, according to an August 11 blog post by $ENS Labs. This new foundation addresses limitations of the DAO structure, enabling activities like signing standardization agreements, hiring full-time staff, pursuing trademark infringements, and interacting with regulators and courts. $ENS Labs will now focus on technical development, including the ENSv2 upgrade, while the foundation handles off-chain operations, engages with bodies like ICANN and W3C, and pursues a .eth top-level domain. The $ENS DAO retains 54.6% of the total token supply and control over the protocol. The foundation is funded by .eth domain registration revenues, with its transactions subject to a 9-day security council veto period. It is a separate legal entity from $ENS Labs. The inaugural board includes Alexander Urbelis (Executive Director, former $ENS Labs CISO), founder Nick Johnson ($ENS Labs CEO), and three independent directors. Board terms last two years. This update follows governance tensions earlier in the year, including a June proposal for a temporary security council restructure. CEO Nick Johnson's significant token holdings reportedly influenced a vote against extending prior security council agreements, leading to a new eight-member council. Currently, the $ENS token is trading around $4.12, down over 95% from its November 2021 peak.

cryptonews.ru08/11 20:58

ENS Plans Large-Scale Expansion of Institutional Activity via Foundation Launch

cryptonews.ru08/11 20:58

GSR Market Director: Nearly 70% of DAO Treasuries Are Betting on Their Own Tokens; When the Bull Market Ends, It's a Triple Blow

A GSR market executive highlights a critical vulnerability in DAO treasury management: nearly 70% of DAO treasury assets remain concentrated in their own native tokens. This creates a structurally pro-cyclical risk where, during a market downturn, protocols face a triple threat: plummeting treasury value, sharp declines in protocol revenue, and collapsing on-chain activity simultaneously. The article observes that projects typically seek downside protection too late, when volatility and option costs are already high. It advocates for proactive treasury structuring, separating operational reserves (in stable assets) from longer-term holdings and employing hedging strategies like zero-cost collars to lock in a value floor without selling tokens. This approach, establishing risk management policies before markets weaken, is presented as key to preserving operational runway and continuing development through bear cycles. GSR positions itself as a provider of OTC execution, structured derivatives, and treasury risk management solutions for foundations and DAOs.

marsbit08/10 10:11

GSR Market Director: Nearly 70% of DAO Treasuries Are Betting on Their Own Tokens; When the Bull Market Ends, It's a Triple Blow

marsbit08/10 10:11

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