The number of active DAOs is up 660% since 2019

DeepDAO has launched a new interface for examining the health and wealth of the top decentralized organizations in crypto.

The growth of active decentralized autonomous organizations (DAOs) is accelerating, increasing from 10 last year to around 76 today, according to DeepDao founder and CEO Eyal Eithcowich.

DeepDAO provides insights and analysis into decentralized autonomous organizations, with the platform recently launching a new interface allowing users to better probe the health and wealth of DAOs.

The platform’s data shows that a large assets under management (AUM) figure does not necessarily indicate the health and good governance of a DAO.

For example, mStable is the top-ranking project by assets under management and capital flows, however, it ranks poorly by membership and proposals — with just nine members having voted on 29 proposals in total.

By contrast, dxDAO ranks second by proposals with 268, and third for membership, with 428, despite having less than 10% of mStable’s AUM.

The recent decentralized finance (DeFi) boo has given renewed importance to DAOs as a critical component of the cryptocurrency ecosystem, with many projects seeking to distribute governance voting rights among their users.

Speaking to Cointelegraph, Eithcowich described the platform’s mission as bringing “all the DAOs together [to] provide very clear and approachable data” to inform a “discoverability engine.”

Eithcowich said that his interest in decentralized organization stems from his activist past, noting that he was “part of a movement that had decentralized ambitions” in 2008 in his home country of Israel.

However, after the organization rose to prominence as the largest party in Tel Aviv’s city council elections, Eithcowich said that power had consolidated around a small group of individuals, resulting in the exodus of many activists and the death of the movement by 2014.

We had the best intentions, but we still collapsed into a very narrow structure.

Eithcowich predicts that DAO’s will disrupt the governing structures for a myriad of organizations in the wider community, including the structure of political parties, insurance firms, venture capital funds, sporting teams, and publishers.

DeepDAO’s new homepage: DeepDAO

The revamped website provides key overviews of the DAO sector, including weekly and monthly fluctuations in assets under management (AUM), a tally of the total membership of DAOs combined, and a running score of the DAOs that represent more than $1 million in AUM or more than 100 members.

Individual DAOs are ranked according to a variety of metrics — including their fiat value, membership, the number of proposals put forth by an organization, and rates of voter participation in governance processes.

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DeFi project Curve launches its governance token early after anonymous developer front-run and deployed contracts

DeFi project Curve Finance appears to have been forced to launch its DAO (decentralized autonomous organization) and governance token CRV after an anonymous developer front run and deployed smart contracts without the knowledge of the Curve team.

The anonymous developer, with the handle @0xc4ad, tweeted Thursday from a newly created account that Curve’s DAO is “ready to rock.” The developer spent 19.9 ETH (~$8,000) in fees to deploy the contracts.

Since the contracts were deployed, some users started staking yCRV tokens, which represent shares of Curve’s liquidity pools, to earn CRV tokens. This led to accusations of “pre-mine” among the DeFi community.

Around 80,000 CRV tokens were reportedly pre-mined before the Curve team verified the deployed contracts. Curve was initially “skeptical,” but later found out that the deployment was with “correct code, data and admin keys.”

“Due to the token/DAO getting traction, we had to adopt it,” said Curve, adding: “The launch has happened.”

Some observers have termed the early launch of Curve’s DAO and token as “shady.” The nature of permissionless networks means anyone can deploy the code.

Crypto exchanges, including Binance, OKEx and Poloniex, have supported the unexpected launch of CRV. These exchanges are set to list the token soon.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto Porn Startup Says Its New Governance System Is Better than DAOs

PornVisory is moving to a decentralized governance structure based on the DFO standard, which allegedly allows greater user influence than DAOs.

Cryptocurrency pornography startup PornVisory is moving to a decentralized governance structure based on the (decentralized flexible organization) ​DFO standard.

According to PornVisory, DFO governance will enable token holders to propose changes and vote on governance aspects that will be subject to community voting. Platform users will need to stack the platform’s PVY Ethereum-based tokens to access the governance system.

The announcement comes shortly before the first airdrop of the firm’s PVY token scheduled for the end of the month.

DFOs are on-chain organizations that closely resemble decentralized autonomous organizations that further emphasize the community’s ability to shape the services. 

PornVisory’s founder, Veronica Noschese, told Cointelegraph that while a DAO handles some control over to the users, a DFO allows for any aspect of the decentralized application to be changed.

Noschese explained that DAOs allow the community to set the DApp’s configuration parameters, while DFOs allow them to change the code thanks to a modular design. Because of this, she said that the community can even determine the algorithms that govern the ecosystem:

“In a DFO users can cast votes in an anonymous and censorship-resistant way, because the code can be saved on-chain and becomes readable to all forever.”

Noschese concluded that decentralization is the feature that motivated her firm to move into the blockchain space. She said that she believes that users are important for any endeavor so they wanted them to be in control.

As Cointelegraph reported in late May, PornVisory plans to reward its users with tokens for watching adult content on its platform. The tokens can then be used to pay for premium content, interact with models on a dedicated live-streaming platform and spent in specialty shops.

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