DAO Talk be DAOing || DT Weekly #13

U.S. Treasury extremely unbased, Coincenter based, Ethereum poised to stay god-tier, + your weekly DAO governance drama

Aug 22, 2022

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friends,

DAOs are having a moment & we’re here to help capture that moment & etch it into technological stone (ty substack). this week’s edition can be described in one word: drama.

let’s get into it!

discussed on the pod ⬇️

🌪 web3 community challenges the U.S. Treasury’s TC sanctions

Jerry Brito @jerrybrito

Here is Coin Center's new, full analysis of the Tornado Cash action by OFAC. Bottom line: We believe that OFAC has overstepped its legal authority and are exploring a court challenge.

coincenter.orgAnalysis: What is and what is not a sanctionable entity in the Tornado Cash case - Coin CenterBy treating autonomous code as a “person” OFAC exceeds its statutory authority.

the battle over the constitutionality of the TC sanctions has MASSIVE implications for DAOs & will take months to play out. we’ll keep you in the loop.
tl;dr Coincenter extremely based.

👀the writing is on the wall for Ethereum Protocol Sanctions. How will the community react?

Erica Wall X 🏴 @ercwl

Question for the Ethereum community. If a majority of stake chooses A in this poll, will you: X) Consider the censorship an attack on Ethereum and burn their stake via social consensus Y) Tolerate the censorship

Lefteris Karapetsas | Hiring for @rotkiapp @LefterisJP

Question for @LidoFinance, @coinbase, @krakenfx, @stakedus, @BitcoinSuisseAG If regulators ask you to censor at the #ethereum protocol level with your validators will you: A) Comply and censor at protocol level B) Shut down the staking service and preserve network integrity https://t.co/UYVR2L6tB1

the U.S. Treasury acting unilaterally to destroy an open-source privacy protocol is terrifying. what happens when they go after Ethereum? these questions need to be asked & answered w/ integrity.

🪙 Coinbase CEO Responds

Brian Armstrong - barmstrong.eth @brian_armstrong

@LefterisJP @LidoFinance @coinbase @krakenfx @stakedus @BitcoinSuisseAG It's a hypothetical we hopefully won't actually face. But if we did we'd go with B i think. Got to focus on the bigger picture. There may be some better option (C) or a legal challenge as well that could help reach a better outcome.

Note: this is not just a tweet. As Frisson mentions on the pod, this is an officer of a publicly traded company making a deeply consequential statement in a public forum.
tl;dr bullish Ethereum’s ability to remain credibly neutral

🦄 UniswapDAO get’s major assist from giga 🧠

Anish Agnihotri @_anishagnihotri

@statelayer @bantg @0xzuberg @delete_shitcoin I deployed an autonomous proposal to enable the 10% @Uniswap protocol fee switch for: - DAI-ETH-0.05% - ETH-USDT-0.3% - USDC-ETH-1% Params: feeProtocol0 == 10, feeProtocol1 == 0 Deploy: etherscan.io/tx/0x26af1444c… Autonomous Proposal:

sybil.orgSybil

Uniswap DAO has no value accrual method. DAO members have long proposed a solution but it is nearly impossible without holding a MASSIVE amount of the DAO’s goverance token, $UNI (lol DAO governance)
Anish did the dirty work & created an autonomous proposal to activate the community to pass the solution without the friction of creating the proposal from scratch. dope.
Hear Frisson break it down here

Hasu⚡️🤖 @hasufl

Deleted my tweets about @MakerDAO, seems I was giving CT too much credit. Maker is NOT insolvent and DAI is safe.

MakerDAO almost (not confirmed) swapped 3.5 billion $USDC for $ETH to the uproar of literally every DeFi thought leader.
tl;dr they did not.

🤝 bonus links

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godspeed,

your friendly neighborhood DAO Talk bois