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0xD62E

October 19, 2021 • 1 m read

Introducing AskMirror: Search and Discovery for Mirror

Mirror is democratizing the future of publishing. In fact, some of the best writing in the world is posted here. Yet one crucial aspect is missing from the Mirror experience: search and discovery. Finding content does not need to look like this: Today, we are launching AskMirror -- an advanced search and discovery site for the platform. We built this to enrich your web3 experience and give you a place to find, read, and follow what you love. AskMirror uses machine learning to tag and classify articles, making it ridiculously easy to discover content that inspires you. Search for articles, publications, and writers. Mirror was built in large part by its community, so we’d love to hear your suggestions and feedback. What would make your experience on Mirror, and web3, absolutely epic? Check out AskMirror at askmirror.xyz AskMirror was built by sepana.io The decentralized web is the new Internet. From Bitcoin to NFTs, DeSo to the metaverse, the revolution is upon us. But an internet is only as good as its search.So why does navigating web3 today feel like you’re using the search engines of the 90s? Search today is siloed and confusing. This is why Sepana has taken on the challenge of radically improving search and discovery for web3. We believe that a simple, powerful, and intuitive search is critical for unleashing the full promise of the decentralized web. In addition to AskMirror, we recently launched cloutavista.com, an advanced search experience for BitClout, and the DeSo protocol. Cloutavista is the embedded search engine for BitClout.com, Diamondapp, and other DeSo projects. We're looking for fellow adventurers, curious minds, and passionate tinkerers to help build a better way to navigate web3. Ping me at daniel@sepana.io if you're interested in joining the journey.

Daniel Keyes

0x1E24

January 26, 2024 • 1 m read

客观的聊聊Gala的新项目GalaMusic 能否“重整再出发”。

最近推特上聊Music的人挺多的,其实我纠结了挺久要不要写,一方面我在0.1的时候买了点并随后也将其分享给了小饭桌,所以是有利益相关,但另一方面Gala之前有团队内斗高管离职的黑历史,所以我会尽可能客观的描述事实,不会因为屁股就尬吹,就像是我虽然在Metis上赚到了但依然会指出其TVL虚胖等问题。 首先我如何发现Gala Music这个项目?我曾在去年发长推强调链游一定是今年最重要的板块,时至今日我认为逻辑依然成立,所以那几个新老游戏项目我都会不定期关注,有天我在看Gala官网的时候发现打开后最大的Banner是在推Gala Music,且上方四个Tab把Music放在了仅次于Game的第二个,随后是Film和Careers,然后我点进去发现居然Music在12月8号刚刚发币,当时下意识认为“Gala要借尸还魂”,并且破发了,开盘0.18我看到的时候0.1,流通市值1千万,觉得筹码很便宜,于是买入了点,我之前曾经在推特分享过一个上桌吃席投资理论,按照这个理论应该属于第一批上桌的。 Music是Gala 22年开始做的Web3音乐项目,在23年熊市曾经经历了很长一段时间的低迷期,推特互动量很低,最近随着市场回暖又起来了热度,且有一个很重要的信息貌似我看其他人没提到,其总裁 Sarah Buxton在12月5号宣布离职,由Leila Steinberg接任后,紧接着过了3天就发币,说明为了筹备发币整个Music团队经历了大洗盘。 除总裁变动以外,Gala Games曾经在去年传出两位创始人内讧对簿公堂,互相指责对方滥用公司资金和管理不善问题,这场风波也给公司业务带来了不小震荡。 所以总结一下,Gala在上一轮牛市经历了币价的快速拉高回落,然后出现了创始人内讧,接着换了新CEO重整团队,最后发了币,走出了一条高光➝低谷➝混乱➝重整➝再出发的路线,至于再出发后,前路是坦途还是坎坷则保持关注,但至少在我当时0.1买的时候属于“跌无可跌”状态盈亏比较高。 接下来聊聊Music这个项目本身,站到区块链原生的“确权”价值来说,其实很适合与音乐、小说等强版权领域进行结合,目前音乐产业年收入超过200亿美金,但整个产业链非常冗余,音乐创作者被层层剥削,所以用区块链的方式解决音乐产业的利益分配的去中心化问题是听起来很性感的,再加上音乐本身就天然具备很强的粉丝文化,通过区块链也可以使得歌手和粉丝之间的关系更加紧密,但这个赛道在去年腾讯生态也做过一个音乐Web3产品MusicY DAO但因监管问题停止运营了,目前该赛道的龙头是Audius,拿到了Coinbase、索尼音乐前CEO的投资,目前市值2亿美金,上轮牛市最高飙到40亿美金,一般来说“颠覆性叙事”的赛道都会在每一轮牛市的顶峰时刻才会到来,毕竟那时候大家都会已经“狂”到区块链可以改变旧世界,而在牛市初期则都是Crypto原生赛道先上涨,所以Web3音乐是一个需要等风来的赛道,站到这个角度刚发完币顶着Gala这个瘦死骆驼比马大的新项目Music还是值得关注一下本轮牛市的表现。 根据官网数据目前共有93位入驻歌手,发布440首音乐,Token可以用于购买歌手的作品,歌手可以在后续的交易中获得版税,而作为购买者也可以在其他人播放时获得奖励,Token还用于其他生态内的消费包括打赏、聊天和门票等,所以请注意Music并不是一个 listen to earn的项目,听音乐本身无法赚到钱。Music的节点可以理解成是传统音乐行业的发行商,歌手发布的音乐需要托管给节点,每个节点可以发行10首歌,超过后则需要支付token购买。 Music通过经济模型也尝试解决价值发现问题,即传统音乐行业的马太效应很明显,头部的歌手因为名气拿走了大多数资源,所以在Music中会给歌曲Holder、节点和用户进行推荐奖励的分发机制,权重包括播放量、稀有度等,给中尾部的创作者更多曝光机会。 除了本身的Token,还有忠诚度积分,通过持有歌手的作品时间、数量、互动次数等计算出对应的积分,给歌手作为与粉丝互动的参考。 目前整个大盘还处在被灰度抛售的阴霾之下,但Music抗跌性还可以一直维持在0.15,当然部分原因是还没有上大所流动性差导致,所以需要等待牛市启动板后块轮动到应用层,等风来。

jason

jason.mirror.xyz

0xEB40

Jan 26 • 2 m read

Ethereum KZG Ceremony Recap

Quick Take Ethereum KZG Ceremony recap. EIP-4844 activates on Base devnet. OP Labs upgrade proposal. Allnodes transitions from Geth to Besu. Listen on: Apple | Castbox | Spotify | YouTube | Lens This episode is sponsored by Harpie! harpie.io/ethdaily Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily. Superchain Highlights 🔴✨ OP Stack Ecotone Hardfork For EIP-4844 Support\ Base engineer Roberto Bayardo announced that the Dencun upgrade has been successfully implemented on the Base Goerli and OP Mainnet Goerli devnets. The upgrade, known as the Ecotone hardfork within the OP Stack ecosystem, is set to automatically enable EIP-4844 blob transactions once the Dencun upgrade activates on Ethereum mainnet at the end of this quarter. The new blob transaction type further decrease data costs for users of rollups. The Ecotone hardfork is scheduled to be launched on Base and OP Mainnet pending governance apprroval. OP Labs Superchain Upgrade Proposal\ OP Labs also proposed a protocol upgrade to enhance the security incident response across all OP Chains. The upgrade introduces a new SuperchainConfig contract that adds a Superchain-wide pause function for withdrawals of ERC-20 and ERC-721 tokens. The Optimism Foundation multisig would hold the authority to enact or lift pauses on withdrawals on any participating OP Stack chain. The upgrade aims to serve as a unified response to security threats. Ethereum KZG Ceremony Recap The Ethereum Foundation summarized the outcomes of the KZG Ceremony, an initiative that gathered entropy from participants that will be used in a commitment scheme for EIP-4844 in the upcoming Dencun upgrade. The KZG ceremony started a year ago, on January 13, 2023, spanning a 208-day data collection period. A total of 141,416 contributions were collected from contributors who used verified GitHub or authenticated Ethereum addresses with a minimum nonce requirement. Over 75,000 users have collected their participation POAP NFT. The final transcript is available on GitHub for users to verify their individual contributions. Allnodes Transitions To Besu Ethereum staking infrastructure provider Allnodes has fully transitioned its execution layer client from Geth to Besu. The infrastructure provider manages 23,895 Ethereum validators and offers a non-custodial platform where users can host nodes. Allnodes supports full nodes, rocket pool nodes, and DVT nodes and hosts over 42,952 nodes in total across various protocols. Data from clientdiversity.org shows a 10% decrease in the market share of Geth as the supermajority execution client over the past few days. Other News AltLayer ALT token claim goes live Arbitrum integrates Chainlink functions Socket releases 100% recovery plan Ingoyama releases new paper Axiom raises $20m Rainbow supports custom networks Synthetix upcoming Andromeda release Subscribe 🔗 Website | 🎙️ Podcast | 🎥 YouTube | 🐦 X | 🌿 Lens | 🟪 Farcaster

ethdaily

ethdaily.mirror.xyz

0x8066

Jan 26 • 1 m read

Synapse Bridge Rebates - Arbitrum

The Synapse DAO has received a 2M ARB grant from the Arbitrum DAO. As of today, this grant is worth $3.5M and will be distributed before March 29th. The objective of this grant is to expand Synapse’s presence in the Arbitrum ecosystem and encourage new users and assets to flow to Arbitrum. Program Details: At a high level the following routes are incentivized: All stables and ETH bridged to Arbitrum All stables and ETH from Arbitrum bridged to Ethereum Mainnet All supported GMX routes Rebates are directly sent to the user’s wallet, no need to claim \\Any of above routes are eligible regardless of bridge module (RFQ, CCTP, Synapse Liquidity Bridge) Rebates differ based on the bridge path, (1bp = .01%). Rebate numbers are set in accordance with the proposal in such a way to roughly offset protocol fees and an additional bonus for gas & slippage costs. Bridge Rebates Synapse Liquidity Bridge(Any chain to Arbitrum) ETH 6bps Stables 6bps GMX 6bps Synapse Liquidity Bridge(Arbitrum to Ethereum) ETH 12bps Stables 14bps GMX 6bps Synapse CCTP (Any chain to Arbitrum) USDC 5bps Synapse CCTP(Arbitrum to Ethereum) USDC 5bps Synapse RFQ(Any Chain to Arbitrum) USDC 5bps Synapse RFQ(Arbitrum to Ethereum) USDC 5bps All rebate amounts will be clearly reflected in the Synapse interface, and are sent directly to the user's wallet. Bridge rebates are live until March 29th. More information about the Synapse STIP implementation can be found on the forum. New routes and tokens may be added. Bridge rebate amounts may also be adjusted, any updates will be posted to this mirror post. Try it out -

synapse

synapse.mirror.xyz

0xdf2A

Jan 26 • 6 m read

The Future of the MUD Ecosystem

Author: FaultProofBen Gm! Over the past few months, we’ve spent a lot of time covering games in the MUD ecosystem like Primodium, Sky Strife, Network States, Words3, and others. However, the MUD ecosystem is growing. There’s a ton of exciting new games in the pipeline to go along with the those I mentioned above that have the potential to bring fun, innovative gameplay to us onchain gamers. Today, we’ll look at four of these titles to see what they’re cooking, and what trends we can glean from them about the future of the MUD ecosystem. Below, I’ll give an overview of each of these games, and then my impressions of them based on my experience playing or publicly available information. In honor of my Los Angeles Chargers signing Jim Harbaugh as their head coach, we’ll call this latter section “First Takes.” The face of the head coach of the Super Bowl 59 champions. (I told you I’d have a Jim Harbaugh reference in here!) Now…let’s get to it! Everlon Overview: Everlon is an onchain sandbox created by Tenet. The game is built using Zuse, a framework for creating worlds with digital physics. At the highest level, digital physics are rules that govern a digital world, like its notions of space, time, and how objects interact with one another. With Zuse, developers can implement their own set of digital physics by creating worlds known as “sandboxes.” As the name suggests, sandboxes are highly composable primitives, as anyone can build objects, games, experiences and more within them. While there are few details about it, based on available footage, Everlon appears to be a Minecraft-like voxel world, where users can do a variety of activities like farm, attack other players, post on in-world social media, and more. The Tenet team will implement different components of Everlon’s digital physics over the course of 4 phases, which (per its website) is set to begin “soon.” (For a much more in-depth explanation of digital physics, check out this video and this article). First Takes: Although I’m still trying to wrap my mind around the idea and implications of digital physics, I’m nonetheless very excited to try out Everlon. It seems really cool, and well suited towards fostering experimentation and entertaining shenanigans, as anyone will be able to build or do whatever they want within it. I’m also a big fan of the emphasis on autonomy, which should only help encourage developers to build interesting mods. Furthermore, the world itself looks great - It’s one of the most visually appealing onchain games I’ve seen. I’ll certainly be keeping tabs on the development of Everlon and any other sandboxes that get built with Zuse over the coming months. Mississippi Overview: Mississippi is a roguelike PVP game. A part of the Realms ecosystem, in Mississippi, your goal is to accumulate as much treasure as possible. To do so, you’ll explore an underground cave system, where you’ll have to find and loot (pun intended) chests. In addition, you can also battle other players to try to take their bounty (Though you’ll likely have to fend them off yourself). The players who accumulate the most treasure will top the in-game leaderboard, and in the future, earn $LORDS tokens as a reward for doing so. Mississippi is currently holding a public playtest on Redstone Holesky, Arbitrum Goerli, and the Mississippi Testnet. Along with these EVM variants, the team is working on a Starknet deployment. First Takes: I enjoyed my experience playing Mississippi, though it (understandably) is not yet a finished product. The game is easy to pick up, and I like the PVP component. It’s fun to compete against, battle, and merc other players. However, more could be done to flesh out the combat system, as it’s very simplistic at the moment. I’m also a fan of the art, as the playable characters (represented by NFTs that you mint at the beginning of the game) are really cute. On the UX front, gameplay felt smooth due to the use of burner wallets. Having said that, I did have some issues with load times, as I had to refresh my browser multiple times to successfully enter the game. Aether Sands Overview: Aether Sands is an open-world colony-building game built by k0 Labs. The game takes place following a “dimensional calamity” known as “The Fork,” where your goal is to rebuild civilization in a desert-like world. The way you do is by accumulating resources like water, ore, and aether, using them to produce machines called harvesters, and defending your Temple, a structure that acts as your home base in the game. Aether Sands held its first, 24-hour-long public playtest in December 2023, and is gearing up for its second on Redstone Holesky. First Takes: I’m very keen to get my hands on Aether Sands, as it looks like a lot of fun. The game seems similar to Primodium, as like it, you’ll need to string together production sequences, allocate resources, and strategically defend your home turf. I’m also a big fan of the graphics, and in particular the designs of structures like temples, harvesters, and vegetation. Furthermore, Aether Sands seems to have quite a bit of lore, which (as readers of my piece on Network States know) I like to nerd out over. I unfortunately missed the first playtest, but I’ll definitely be participating in the next one. MOCS Overview: MOCS (Modular Onchain Spaceships) is a PVP roguelike game. Built by the team behind Netherscape, MOCS and is intended to serve as an introduction to the gameplay mechanics for an upcoming RTS of the same name. (For our purposes, we’ll focus on the roguelike). In MOCS, you’ll stake an ERC-20 token (RED) to mint a Shinobi (ninja). This Shinobi acts as your playable character, which you can then use to explore dungeons and battle others. If you defeat your opponents, you’ll earn the RED tokens they staked, which you can then swap for other assets on DEXs. MOCS is gearing up for its first playtest on Redstone Holesky, and will be using RedSwap to build out liquidity for Holesky ETH to facilitate RED ETH swaps. First Takes: I can’t wait to play MOCS, as the game looks like a lot of fun. I love the idea of battles having real economic consequences, as players are able to take tokens from one another which they can sell for “real” assets like ETH. (As anyone who tried to mint a Sky Strife season pass knows, Holesky ETH is money.) As a result, this stake-to-play mechanism should add a ton of intensity to the game, and it’s also cool to see MOCS leveraging DeFi primitives on Redstone. While its core gameplay caught my attention, I do think the game’s UI looks a bit intimidating and could be hard to navigate. Regardless, I signed up for their playtest and will be doing what I can to get everyone’s ETH! Other Games to Watch There are several other up-and-coming MUD games that I’m keeping an eye on, but didn’t get the chance to cover in-depth in this piece. These include: Imminent Solace, an onchain war-simulator. CardCraft, a trading-card-game (TCG). ChaqerRTS, a real-time-strategy game. I’d highly recommend checking out and keeping tabs on these games too! The Future of MUD is Bright As you can see, there’s a lot of cool new games coming down the MUD pipeline. I think Everlon, Mississippi, Aether Sands, and MOCS all have big potential and bring innovative design features, gameplay, and mechanisms to the digital table. While these four games are pretty different from one another, we can still see a few common trends among them. For starters, most of these games have a PVP component. This is not too surprising, and falls in line with many of the other MUD games we’ve seen. I’m a big fan of this, as I usually have more fun with PVP games than PVE, and enjoy the competition they bring (especially when crypto is on the line). In addition, based on the above quartet, art design across games is improving dramatically. This is great to see, as higher quality graphics will go along way towards immersing players. Finally, on a deeper level, games are leveraging the unique affordances that come with being fully onchain. For instance, Everlon is leaning into composability and autonomy, as anyone can build whatever mod they wish in the sandbox without permission. Meanwhile, Mississippi and MOCS are tapping into blockchain-enabled financialization to enhance their gameplay. I’m very encouraged to see this, as I’m in the camp that the space will attract more players by creating novel experiences that are only possible onchain versus trying to recreate Web2 ones. Having said all this, it’s worth noting that these four (and many other) MUD games still have a ways to go before launching on mainnet, or even testnet. The road ahead is long. But, the light at the end of the tunnel is certainly bright. 🤝 Thank you to our sponsor: Fire Eyes 🔥\_🔥 Fire Eyes is a leading organization for onchain governance. They are active players and contributors to onchain games, and care deeply about furthering the development of the Ethereum and DAO ecosystems. Fire Eyes is a great outlet for any team looking for in-depth feedback on community sentiment and token design. If you’re interested in getting in touch with 🔥\_🔥 - DM them on X! Thanks for reading! If you liked this piece, you can collect it at the top of the page! After you do, hop in our WASD Collectooor Telegram chat to meet other collectors, enthusiasts, players, and degens! Finally, to stay current on all things WASD, subscribe below, follow us on X, and head over to our WASD Republic Discord server! See you all tomorrow for The WASD Weekly!

wasd

wasd.mirror.xyz

0x226F

Jan 25 • 5 m read

DAOs Have More Power Than You Think

This article is written by @kylerW56 in collaboration with @contentguildxyz. Signals & Noise The bear market of 2023 brought an unforgiving winter to the doorstep of much of DeFi, and DAOs (Decentralized Autonomous Organizations, for any new faces) were certainly not spared. The intensity and fervor of 2021 and 2022, which had borne witness to obscene influxes of capital to blockchain, had all but dissipated, and like the rest of the industry, it seemed that DAOs had fallen quiet. The Discord invites began to arrive fewer and farther between, the prices of NFTs plummeted back to earth, and the “DAOs will save the world” chatter which used to permeate seemingly-every corner of X (the artist formerly known as Twitter) had sunken to a low hum. In place of the chatter, one could now hear whispers: “Are DAOs dead?”. The capitulation in the social perception of DAOs from good to bad happened as all things do, “Gradually - then suddenly”, with first a handful and then an avalanche of bloggers and “thought leaders” moving in to capitalize on what they believed to be a dying industry (as you can see from the image below). Social perceptions of DAOs as a potential solution to the nightmare of corporate culture soured and “If you’re in crypto, pivot to AI” became the rallying cry of many “DAO Experts” and “Researchers”, who ultimately revealed themselves to be little more than paid-blog-merchants turned heel in search of greener pastures. But in the face of all the skepticism, FUD, and premature obituaries: DAOs have quietly and patiently endured – and they aren't just surviving; they're thriving. Contrary to recent signals doubting their efficacy (generated from 2023’s culling-of-the-herd), true onchain DAOs, particularly those allied built on the Governor framework, have continued to show remarkable growth and staying power in the face of adversity. Misconceptions & Reality While sources like Jing Daily Culture (my favorite over breakfast tea), and Reddit's DAO community have cast shadows of doubt and dispersion, they largely miss the mark, citing anecdotal evidence and building arguments based largely upon the vaporous foundations of their own social media posts. While DAOs have certainly not been perfect (we still struggle to define the term itself, in fact, and we have a LONG way to go in regards to contributor compensation…but I digress), the narrative of DAOs' collective demise lacks empirical evidence. In reality, onchain DAOs are financially flourishing. True DAOs are built using onchain governance – anything less falls short of table stakes. The distinction is important because many of the so called “DAOs” which formed and then succumbed to the winter of the bear market were actually little more than “groupchats with a bank account”, utilizing Snapshot Polls and multi-sigs in an attempt to recreate the efficacy of real onchain governance (see Unmasking DAOs — How to comprehensively analyze the decentralization of “DAOs”, by Perscheid et. al, 2022, for more information on “pseudo-DAOs”). Though many of these endeavors were borne with good intentions, their failure to adhere to and properly pursue true decentralization of power is, in retrospect, reflective of their shortcomings as protocols and projects. Onchain governance isn’t something that can be done halfway. Commitment to true onchain governance is a signal of dedication to truth, visibility, and accountability. Lack of such commitment is a signal of the opposite. The Financial Resilience of DAOs Contrary to the gloomy predictions, the financial strength of DAOs is not only intact but booming: Data from Dune Analytics and other trusted sources such as DeepDAO and KarmaHQ paint a picture of surprising resilience and growth: Key highlights: Overall Growth: The total value locked in these DAOs amounts to a staggering $32.1 billion USD (12.9 million ETH). This represents 10.75% of the total supply of Ethereum, indicating significant control and influence in the DeFi space. Lido's Dominance: Lido shows an impressive $23.1 billion USD (9.2 million ETH), growing by 19.05% in the last 180 days and a remarkable 97.50% over the past year. New Kid on the Block: BASE, Coinbase’s new layer-2, though smaller in total value, shows a phenomenal increase of 34064.85% over 180 days. Steady Growth Across DAOs: Other DAOs like Arbitrum, Uniswap, and Optimism also exhibit substantial growth over both 180 and 365 days, indicating a resurgence in the industry despite the recent market downturns. Further support demonstrated in image below via DeepDAO: Tally & Governor:Tools of the Trade The governance structures of onchain DAOs (often criticized by those who have been wronged by the pseudo-DAOs described above) may in fact be their strongest suit. Studies of leading onchain DAOs such as Uniswap DAO, Arbitrum DAO, Lido, & more reveal robust, democratic, and effective governance models. Furthermore, as demonstrated above, real onchain governance appears to correlate with the financial success of DAOs and protocols, and because of that it’s important to understand both what kind of governance contracts to use and how to administer them. Enter Tally and Governor Bravo. The integration of the Governor contract kit with Tally's frontend interface has continued to raise the standard of innovation and efficiency in onchain governance since its inception. This powerful combination has meaningfully improved the administration of DAOs, offering industry-leading levels of reliability, usability, and control (not to mention a splash of everyone’s favorite shade of purple!). So what are they and how do they work together? Governor is an open-source smart contract which gives token holders full onchain voting capabilities through its Token, Governor, and Timelock Contracts, forming the backbone of over 90% of onchain DAO governance. It facilitates a wide range of actions, from treasury management to protocol adjustments, and because of its ubiquity has proven integral to maintaining a democratic and decentralized governance structure. Oh, and it’s constantly being upgraded with new features as the DAO ecosystem blossoms. Tally serves as the most popular and user-friendly frontend for DAOs. It’s a match made in heaven, possibly bigger than Taylor and Travis (jk). It extends the power of Governor by providing an accessible platform where users can delegate their voting power, create or pass proposals, manage protocols, and upgrade smart contracts – once again all onchain. Tally is not just a tool; it's an ecosystem enhancer for DAOs and supports various blockchains, including Ethereum, Polygon, Arbitrum, and others (talk about versatility, damn). For operators, Tally simplifies the complexities of running a DAO, from building a homepage to managing proposals. For voters, it offers a unified platform to understand governance, vote on proposals, and delegate voting power. And for delegates, Tally provides a stage to amplify their influence and actively participate in the DAO’s decision-making process by creating detailed delegate profiles. The combination of Governor and Tally has proven to be the most effective and reliable method for administering onchain governance. It ensures that the governance process is fully decentralized, with every action and decision recorded on the blockchain, maintaining transparency and accountability – which as we established earlier is a core tenet of those DAOs which continued to see success throughout the bear market. Walk Silently and Carry a Big (digital) Stick In the grand theater of DeFi, DAOs have emerged not as a fleeting specter, but as a formidable, enduring force. The skepticism and premature eulogies that echoed around social media the past year fold and collapse in the face of the evidence of their financial resilience. By holding the reins of a staggering $32.1 billion USD (roughly 12.9 million ETH) onchain DAOs don't just occupy a niche in the DeFi space; they command a substantial portion of it, accounting for 10.75% of Ethereum's total supply. As we stand at the precipice of what is sure to be another exciting year in DeFi, it's clear that DAOs, particularly those practicing real onchain governance, are more than just common participants on the stage of world finance—they are trailblazers hellbent on shaping its future – and they’re here to stay. So the next time you hear someone tell you that “DAOs are dead”, feel free to politely correct them; or stay silent and carry on about your business, as you wish. But whatever you choose, remember this; we’re not afraid of doubters and we’re not afraid of silence. We built through silence and doubt all of last year, and we know a secret; DAOs have more power than you think. This article is written by @kylerW56 in collaboration with @contentguildxyz. To learn more about Tally visit tally.xyz or DM us @tallyxyz.

tally

tally.mirror.xyz

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