#dao

DAO Own the Doge has officially claimed the name Neiro—the newest addition to Atsuko Sato’s family, famous as the former owner of Kabosu, the face of the DOGE meme coin. A vote is on the horizon to determine which token will reign as the “one true NEIRO.”

On November 29, Hyperliquid unveiled its native token, HYPE, during a token generation event. The coin has since reached a market cap of $1.6 billion, securing 80th place in the global rankings and outpacing tokens like Jupiter, Lido DAO, and Flow.

ApeCoin DAO members are voting on a proposal to establish a themed hotel in central Bangkok, Thailand. The hotel would feature rooms inspired by APE tokens, the BAYC NFT collection, Otherside, Apechain, Mocaverse, and more.

Following a community vote, Arbitrum has decided to disburse the remaining ARB tokens from its initial round of grant funding. Out of the numerous projects, only 29 secured enough votes in the first round.

The Aragon token holders, reacting to the termination of the Aragon Association, has voted for a collective lawsuit against the project's founders.

The proposal initially outlined a tiered system for token allocation, offering options of 1%, 1.5%, or 1.75% of the total 10 billion ARB supply as staking rewards.

Crypto platform Gitcoin accidentally sent 521,440 GTC ($460,000) from its treasury to an unrecoverable smart contract address. The team has acknowledged the oversight and emphasized the importance of handling DAO funds with caution. Some users, meanwhile, suggested viewing the token loss as a straightforward reduction in supply.

The decentralized governance of Jupiter Exchange on Solana has approved the distribution of $860 million worth of JUP tokens in a secure airdrop.

A California court has determined that Lido DAO, the decentralized organization overseeing the liquid staking protocol Lido Finance, qualifies as a general partnership. The court dismissed arguments that the DAO is not a legal entity, as reported by Decrypt based on court filings.

Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal.

Key players in the cryptocurrency sector, such as Polychain, Alliance DAO, and Sandeep Nailwal, the co-founder of Polygon, have endorsed the social platform AsMatch. This initiative is geared towards fostering user interactions in a decentralized setting rather than spotlighting high-profile personalities.

Currently, Mantle DAO is evaluating a proposal that would prohibit the conversion of BIT tokens held by FTX Group into the new MNT token. Previously, Alameda Research, a branch of the FTX Group, swapped 3.4 million FTT tokens for a staggering 100 million BIT tokens, which equated to around $43 million. Yet FTX's descent into bankruptcy prompted DAO members to introduce this proposal. MNT is a token that was launched as Mantle's L2 mainnet went live. The blockchain was established by the Bybit exchange, which initiated the merge of BIT (BitDAO) and MNT tokens. Controversies aside, there's robust support for this proposal within the Mantle enclave, spotlighting the overarching investor community's interests.