Decentralized Autonomous Organizations (DAOs) have been heralded as the future of governance, unlocking a more egalitarian approach to decision-making. However, decentralizing leadership isn’t a magical solution that instantly leads to better results. To truly get the most out of a decentralized organization, steps must be taken to regulate weighted voting and tokenomics. If not carefully balanced, DAOs can implode — and some already have. Decentralized governance explained DAOs offer a model for managing a project or company that distributes voting rights across all members. There is usually no central authority, only the will of the collective. While this sounds equitable …

There is no shortage of visionary scenarios about how Web3 might unfold, but one of the latest, “Decentralized Society: Finding Web3’s Soul” — a paper published in mid-May by E. Glen Weyl, Puja Ohlhaver and Vitalik Buterin — is close to becoming one of the top 50 most downloaded papers on the SSRN scholarly research platform. The attention, one might suspect, has much to do with the participation of Buterin, blockchain’s wunderkind and the legendary co-founder of the Ethereum network. But it could also be a function of the paper’s ambition and scope, which includes asking questions like: What sort …

Stacks (STX) pared a considerable portion of the gains it made on March 10 as the euphoria surrounding its $165 million pledge to support Bitcoin (BTC) projects showed signs of fading. STX's price dropped by over 30% to reach a level as low as $1.33 on Friday when measured from its week-to-date high of $1.94. The selloff, in part, appeared technical as the $1.94-top fell in the same range that served as solid support between October 2021 and January 2022, only to flip later to become a resistance area. It also appears that traders spotted selling opportunities due to STX's …

Anchor Protocol (ANC), a DeFi platform built on Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26. ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year. In doing so, the Anchor Protocol also erased all the losses it had incurred during what some called "crypto winter" that started in Q4/2021 — against the prospects of the Federal Reserve's aggressive rate hikes. ANC is the governance token of the Anchor Protocol's decentralized money market …

Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100. The gains surfaced primarily as Yearn Finance revealed that it has been buying back YFI en masse since November in response to a community vote to improve the YFI token's economics. The decentralized asset management platform purchased 282.40 YFI at an average price of $26,651 per token — a total of over $7.50 million. Furthermore, Yearn Finance noted that it has more than $45 million saved in its Treasury …

Facebook's decision this Thursday to rebrand itself to Meta—to indicate its plans to build an avatar-filled metaverse—helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects. Decentraland, a virtual place with its own economy, currency (MANA), and social events, accessible to anyone with a web browser, saw its market valuation exploding from $1.44 billion to $2.08 billion in the previous 24 hours. That happened as its native token MANA jumped circa 45% to $1.14 in the same period. At its intraday best, the Decentraland cryptocurrency was changing hands for $1.227 Friday, its highest level since May …

SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair's upside move pushed its 24-hour adjusted timeframe profits up to 23%, making SUSHI the best-performing DEX token in the given period. For instance, UNI, the token representing the leading DEX Uniswap by market cap, jumped 6.23% against the U.S. dollar in the previous 24 hours. Meanwhile, PancakeSwap (CAKE) rose 2.5%, THORChain (RUNE) climbed circa 13%, and Curve (CRV) inched higher by …

DeFi has grown exceedingly fast — and when this happens, it’s inevitable that teething problems will emerge. Here, we talk to Piers Ridyard, the CEO of Radix. He tells us what his company is doing to address some of the main pain points in this sector — and the challenges that consumers and developers currently face. 1. Hello! Can you tell us about Radix? Absolutely. Radix is the first public decentralized network built specifically to serve decentralized finance (DeFi). This was necessary because with DeFi on Ethereum, building sucks — there have been over $285 million in hacks in the …

Synthetix (SNX) spiked to its three-week high on Monday in reaction to a market-wide upside correction led by Bitcoin (BTC) and other top-cap digital assets. The Synthetix project’s native token reached $9.59 after rising four days in a row by up to 50%. That included a sharp 18.29% upswing in the previous daily session, sparked by Bitcoin’s climb above its key resistance level of $35,000. Altcoins tend to tail the flagship digital asset’s price trends. But more factors were in play during SNX’s comparatively higher price boom. Its jump appeared as speculators returned to bet bullishly on the overall decentralized …

The drop in the price of Ether (ETH) is failing to shake out the long-term holders, while the decentralized finance (DeFi) sector is also providing opportunities for investors. So suggests a new Glassnode report that noted many long-term Ether holders (>155 days) are sitting atop profits despite ETH/USD’s 55% decline from its peak level above $4,300. In comparison, the short-term Ether holders (<155 days) watched their gains evaporate and are now sitting underwater. “After almost hitting 46% of the market cap in unrealized gain, short-term holders are now holding an aggregate paper loss of -25% of the market cap,” Glassnode …

A cross-chain aggregator that seeks out the best price for crypto trades has reported positive results following its own token sale. Launched simultaneously on DuckSTARTER, Gate.io, MXC, Bounce, BSCpad, WeStarter, and Cobax, the O3 Labs’ O3 token initial DEX offering (IDO) raised $922,000. O3 Swap sources liquidity from nearly two dozen decentralized exchanges (DEX), finding the best route to the best prevailing rate for trades, communications director Matt Powers told viewers of a Cointelegraph AMA that took place the day of the O3 Swap (O3) token’s IDO. The protocol was built on top of the open-source project’s initial product, the …

An immersive blockchain game where players vie to collect Immortal Shards has announced the launch of play-to-earn elements — enabling devoted gamers to earn recognition for their skills and combat cred. HodlGod’s new feature means that an array of nonfungible tokens and raffle tickets will be dropped randomly in the middle of gameplay, emerging above a character’s head. However, collecting these NFTs isn’t enough… you need to survive until the end of the game in order for them to be truly yours. This approach is set to make playing HodlGod even more competitive than it was before — not least …