š§Ŗ The top headline in DAOs is the testnet trial taking place in preparation for this yearās Ethereum merge. The eventual transition will yield improved scalability, lower fees, and massive gains in energy efficiency, benefitting those both inside and outside of the DAO ecosystem.
š In the latest episode of the DAO or Never podcast Logos co-founders Geoffrey Arone and Isaac Patka discuss why Isaac hacked a DAO, how web3 enables Pooling Together for change, the funding environment, and more. Available on Apple and Spotify.
šø Speaking of funding, opportunity knocks. Gitcoinās 14th Grants Round is offering $3M+ in funds to community-endorsed, open source projects. See the full thread to learn how to support a project or apply for a grant.
ā On the topic of security, Kelvin Fichterās thread explaining the recent multisig account takeovers on Optimism is worth reviewing, especially by those operating services on multiple blockchains. Donāt assume you have control over a smart contract address on one chain just because you have it on another!
šµ While mobile-investment platform Delphiaās $60M raise is the headline, weāre excited by the DAOification of their business model, which rewards users for sharing data. Data autonomy and benefiting from the third-party use of oneās own data - rather than the money going to you-know-who - is emblematic of the web3 ethos.
Become a Legal Eagle
A lot is being written about DAOs and law, and for good reason. Security in web3 is as complex as it is important. This weekās contributions to the DAO legal discourse include the following:
āļø The DAO Legal Entity Matrix, compiled by Paradigm, compares various legal entities available for DAOs and invites those working on these problems to contribute their observations and solutions. Bookmark this one and share your wisdom, as this space and document are expected to rapidly evolve.
āļø In Decentralized Governance and the Lessons of Corporate Governance, published in the Harvard Law School Forum, the authors describe āa new breed of business organizationā¦.defined by its rejection of the centralized, traditional governance structures at the heart of our modern corporationsā which sounds about right. They then list a number of challenges DAOs face and guidance on how to overcome them. It may sting, but a little constructive feedback isnāt a bad thing.
āļø Miles Jennings and David Kerr of a16z crypto identify challenges and propose solutions in their exploration of the legal uncertainty around DAOs. See A Legal Framework for DAOs Part I, DAO Entity Features & Entity Selection, and A Legal Framework for DAOs Part II to better understand and approach legal issues pertaining to DAOs.
Weāll See You IRL
šš¼ June 9 - 12, Consensus 2022 by CoinDesk, Austin, TX - 15,000 attendees are celebrating all that web3 and crypto have to offer.
š£ June 10, Austin DeFi Summit - While in Austin, donāt miss Filecoinās Zak Robinson and Logosā Yalor Mewn discussion on āThe DAO Phenomenonā.
š June 22, DAO NYC - Tickets available now.
Do you have something that belongs in the DAO Weekly Roundup? Make sure we know about it at hello@logos.xyz.