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DAO Maker price, market cap on Coin360 heatmap

DAO Maker(DAO)

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$1.9517
(-1.27%)
0.00008118 BTC
Market Cap (Rank#192)
$162,987,767
6,779 BTC
Vol 24h
$1,115,819
46.4126 BTC
Circulating Supply
83,510,692.54
Max Supply
312,000,000
6h agocointelegraph
MakerDAO should 'seriously consider' depegging DAI from USD: Founder
In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC.
11h agocoindesk
Rune Christensen Details How MakerDAO Is Navigating Tornado Cash Sanctions
Rune Christensen, founder of MakerDAO, joined CoinDesk TV’s “First Mover” to discuss the risks for DeFi, its DAI stablecoin and what implications sanctioning coin mixer Tornado Cash could mean for the industry.
15h agocryptopotato
MakerDAO Co-Founder Proposes Dumping $3.5 Billion USDC Reserves for ETH
While bullish for Ethereum, Vitalik Buterin called the potential conversion a “terrible idea.”
19h agocointelegraph
Interlay launches trustless BTC stablecoin bridge on Polkadot
InterBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO’s DAI token.
1 day agocryptodaily
Buying Uniglo.io (GLO), Ethereum Classic (ETC) And Mina Protocol (MINA) Now Could Help You Reach Top Tier Wealth
The popularity of crypto has grown at an incredible rate in recent years, and many big players have entered the space in a bid to witness exponential growth. The retail is not far behind in chasing generational wealth made possible through investing in top-tier tokens like Uniglo, Ethereum Classic, and Mina Protocol. Let’s see what they have in store for you! Uniglo (GLO) Uniglo is a community-focused social currency backed by a wide range of assets, including rare NFTs, digitized art, and cryptocurrencies. A basket of valuable assets protect the floor price of a token that is designed to withstand volatile market conditions. This is made possible through a dedicated vault that is funded through taxation on each transaction. Uniglo embodies scarcity through an ultra-burn mechanism that involves leveraging profits to buy back GLO from the secondary market and burn them. This ensures long-term growth of the ecosystem as a whole, where every holder benefits from the growing strength of the treasury. Ethereum Classic (ETC) Ethereum Classic is an open-source decentralized platform that was created in 2016 after The DAO hack. It allows developers to create smart contracts without the involvement of a third party. Ever since the split happened, there have been numerous improvements and upgrades in an effort to become a global financial network with no central governance. Like other digital currencies, ETC will thrive as a store of value, and the recent surge in prices is evidence of how the asset will perform in the near future. Mina Protocol (MINA) Popularly known as the world’s lightest blockchain, Mina is building an infrastructure that provides security and privacy for Web 3 applications. The protocol is so small that it doesn’t even require third-party nodes for the network to run. Any user can quickly connect and conduct on-chain verification with complete privacy. The native currency of the blockchain, MINA is required to stake and participate in block production. Holders can also delegate their tokens to earn rewards in exchange for locking their assets. Compared to other blockchains, there’s no bonding or slashing period when it comes to staking MINA. Find Out More Here Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
1 day agocryptodaily
Is Play-To-Earn Dead?
With around $300 Billion floating in the market, gaming stands as one of the most significant industries and with GameFi averaging $175M, lots of potential for expansion! The rise and fall of notable titles like Axie and more have resulted in the emergence of dominant ‘play-to-earn’ and ‘play-and-earn’ models. But with the emergence of dilemmas, which of them is better? Which of them is sustainable? Feasible? Or even valid anymore? Most play-to-earn games known so far revolve around the idea of players grinding with repetitive actions to make profits, something that doesn’t portray the essence of fun and entertainment, the core values of a gamer. Play-and-earn, on the other hand, accentuates more engaging and entertaining games as in-game time is monetised. Gamers can also have a real-life impact on character development and more by implementing DAOs. Some examples of P2E or P&E - and how it doesn’t focus on the actual gameplay, value add or anything like that, but rather just hours of grinding for little money with no good game experience. The Pains and Problems Beyond prepositions and conjunctions, the paradigm explains not just the semantics but also the business models and core values behind the famous terms. GameFi at the moment is not designed for gamers - which is the underlying problem, and no systems can host a genuine grade AAA on the blockchain. Being nothing more than a “gig” or a “nuisance” to earn some extra cash is not the narrative GameFi would like to see itself in. Traditional games offer stimulated economies for players driven by stories and characteristics controlled by the publishers. These games do not provide a market to trade or liquidate assets within the said economies, while the Play-to-Earn titles lack the elements that would make them fun, engaging and compelling. The two sides to a coin can identify both sectors with a set of drawbacks and improvement areas. “There is no ownership if you can’t sell it - and it’s not worth owning if it isn’t appealing enough, and that’s a pressing issue. Bridging the gaps between Web2 and Web3 primarily comes from asset ownership, mechanics and usability”, says Adria Mir, Gaming & Blockchain Expert at G4AL and Elemental Raiders. Traditional ‘free-to-play’ or ‘pay-to-play’ models only provide entertainment and experience out of the games or assets purchased and consider the investment a sunk cost. Because of the centralised nature of traditional games, the assets can be changed or taken away anytime by the operator or game publisher. In a worst-case scenario, if the publishers or studios go out of business, players can lose all their assets before getting the entertainment value out of it. The most recent example was Telltale Games’ shutdown which left The Walking Dead’s final season incomplete. Web3 or ‘play-to-earn’ games, on the other hand, do provide the ownership as opposed to traditional games, with no threat of players losing their assets even if publishers go out of business. However, given recent history, it is easy to imagine the extreme inflation and fleeting deflation of play-to-earn or play-and-earn games when the core value of gamers and their communities are taken out of the equation. Where Does the Future Lie? With all that in hand, are play-to-earn, play-and-earn and most other models dead? There is a need for a model that focuses on the best of both worlds. Many Web3 scholars accelerate different terms daily, but one has been prominent and has had a substantial impact. ‘Play-to-Own’ focuses on decentralisation, control and ownership first and foremost, which is one of the essential factors and foundations of blockchain and web3. But is that enough to convince the hardcore fans of Elden Rings, Call of Dutys’ and Web2 gamers alike? You’re right! - Probably not! Said differently, the “ownership revolution” stays at the heart of what GameFi and the so-called ‘AAA blockchain games’ are trying to achieve, but so should the increasing need to host and build a game that serves the mechanics, gameplay and UI/UX of a console-quality title. It raises the question of platforms built on blockchain being capable enough to host a game of that stature, Former First VP of King Studios thinks yes: “We’re building G4AL as a game studio to host the quality of games that first and foremost suits what Web2 gamers are used to, giving ownership to what they play, low entry barriers, and the ability and a monetary exit button which allows them to ‘play-to-own’ or ‘play-and-earn’.” Play-to-Own has the potential to be applied to any game, may they be Web2 or Web3, which in turn can increase the customer lifetime values, engagement ratios and retention rates. Instead of forcing users to buy-in set NFTs or assets to the game, it can potentially open up a plethora of in-game revenue streams. Creating higher value in games that allow ownership and low entry risk can enable players to choose these games over traditional models or P2E models as they get both ownership and security as well as long-term retention. Disclaimer: 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.
1 day agocryptodaily
Blockchain Network Platform Capabilities for Businesses, Applications and Enterprises
Enterprise-grade blockchain networks were born out of a necessity to provide solutions to the numerous challenges facing both consumers and enterprises amid a rapidly changing technological landscape. The rate of growth in the FinTech space has the dangerous potential to leave projects behind if they don’t keep pace with innovation, and that’s why developers are busy anticipating future developments, and implementing solutions to their problems in the here and now. Building the Future of Web3 Smart-contract usage revolutionized the blockchain space, and introduced us to the concept of DeFi and GameFi, but the utility of smart-contract transactions may soon be past its peak. Some projects are building a comprehensive, service-oriented architecture that allows network users to interact and transact directly. By building second-level protocols atop dedicated enterprise services like these can allow projects to side-step the common reliance on smart-contracts thanks to built-in payment systems and private shard chains. These services deliver all the features and functionality that users expect from a public blockchain network while cutting down on smart contract usage by around 90%, and retaining the security and privacy of enterprise-specific infrastructure. This results in cheaper transactions for users, and a greatly simplified development path for developers. What’s more, by removing the reliance on smart contracts, such services effectively cut out a major attack-vector which has plagued numerous popular blockchains to date. Blockchain-in-a-box solutions give enterprises a plug-and-play entry to the blockchain space - one prepared to handle applications spanning the finance, gaming, and information technology industries, and more. Thanks to the use of quantum-secure cryptography tools, enterprises get the assurance they need to launch long-lasting projects which stand the test of time.Simplicity and Composability Simplicity is key to onboarding new users and enterprises to a technology that has the potential to revolutionize a plethora of industries. In search of simplicity, many projects are foregoing complex network infrastructures and programming languages in favor of building from the ground up using common code like C, without any reliance on third-party protocols or services. Low-level architecture makes blockchain easy for other operating systems to interact with. One can easily envisage such networks being used in tandem with the simplest of consumer hardware - smart fridges, for example - because the technology is built on simple foundational principles and code. Software Development Kits (SDK) like the Cellframe SDK allows developers to build applications dedicated to a range of emerging industries - not least the gaming industry. Developers can use SDKs to easily create fair game worlds that encompass PvP (Player vs Player) and PvE (Player vs Environment) game modes, while ensuring that cheaters are exposed and removed from the network thanks to in-built security measures. Ultimately, Cellframe enables the construction of safe, secure, lightning speed blockchain networks that support the creation of distributed networks like VPN, CDN, cloud computing and video streaming platforms. Whereas most blockchain protocols which rely on a network of nodes to upload external data to the blockchain, Cellframe requires no such external or third-party service. Interoperability and Gaming Future-proofing technology involves helping projects build as close to the hardware layer as possible, removing all that is unnecessary, and simplifying the process for the end user. Since Cellframe acts as a zero-layer protocol made with compatibility and interoperability as prime objectives, Cellframe will eventually have full compatibility with WASM (Web Assembly) and EVM (Ethereum Virtual Machines), creating true interoperability between Cellframe and a range of internet and blockchain apps, services and networks. This will prove particularly relevant to the GameFi (gaming finance) space, as the end user will be able to traverse various disparate gaming worlds without having to create new sign-ups for each one. Bespoke governance solutions also make Cellframe ready for enterprise adoption, as it sidesteps many of the problems commonly encountered by blockchain projects. The Cellframe token (CELL) is emitted based on the votes of its community of DAO participants, meaning the community gets to decide on the most appropriate issuance rate for CELL. This means the protocol can’t be changed on a whim by developers. Furthermore, truly decentralized dApps (known as t-dApps) don’t allow for a single address to be in control of large CELL holdings at any one time. Rather, wealth is distributed among network participants to ensure network security, while removing any potential single points of failure. Enterprise tools are not lacking in the blockchain space; they are just waiting to be applied creatively. Disclaimer: 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.
1 day agocryptodaily
What Is Revolutux (RVLT)?
There would hardly be a day where the blockchain industry won’t have a form of advancement. There’s also a new thing or project to learn about and each one seeks to solve a problem that people have complained about. For those whose major interest has been a massive increase in the accessibility of cryptocurrencies, Revolutux (RVLT) says it’s your lucky day. Introducing A New Binance Smart Chain Project Revolutux (RVLT) is a new deflationary token with plans to create a low-risk, strategic, frictionless, and decentralized environment where everyone can trade in digital assets across the world with cheap fees. They will offer transparency which we can all agree is a major ingredient for the long-term success of decentralization and the blockchain industry. Their plan is for everyone to be more connected and empowered financially while they provide everyone with the ability to stake and trade and also expose them to NFTs and incentives all on one platform. Revolutux (RVLT) has three major functions that happen in every trade; Reflection Liquidity Pool (LP) Acquisition and; Burn The protocol ensures that the assets of token holders are automatically collected and deposited securely in the liquidity pool through its Automatic Liquidity Pool (ALP) mechanism. Token holders can also use the reflection mechanism to hold their tokens depending on percentages completed and total tokens owned. What Are Revolutux (RVLT) Ecosystem Offerings? The Revolutux (RVLT) ecosystem is poised to offer four major attributes which will be broken down in this section. They include; Revolutux Swap: This will allow users to swap their money for other currencies of their choice. The swap services will be connected to the biggest DEXs (decentralized exchanges) in the world and so users can search for and choose the ones that offer the lowest fees. Revolutux Staking: Customers will benefit from rewards as a result of staking their tokens and the system is developed in a way that will help people who do not have a technical grasp of cryptocurrency to stake. This feature will be great for token holders that are interested in holding their assets for a long period and earning passively. Revolutux NFTs: These NFTs will be one-of-a-kind assets that will be generated on the blockchain and will be tradeable. The platform intends to revolutionize the market by disseminating its NFTs. Revolutux DAO: To ensure that the power belongs to the people, they would establish a decentralized autonomous organization (DAO) that will make sure that users and developers contribute to the project’s development and growth. The RVLT token will be disbursed among active network members and will be used as a governance token which will allow them to vote on different proposals and modifications. Why Should You Consider Revolutux (RVLT)? It’s a valid question, and here are some aspects the project has given as reasons to sign up. Utility The Revolutux (RVLT) ecosystem is about to make available certain services like the liquidity pool (LP) acquisition that will make the DeFi industry undergo an innovation. They will create a token that will be useful to users and help them earn money passively. Longevity The platform is dedicated to supporting the long-term evolution of the ecosystem which they believe will lead to decentralized apps (DApps) that can be used in the real world as well as additional incentives. Ease Of Use Revolutux (RVLT) is easy to use and this should contribute to its success. Interested parties can buy into it with nothing more than a phone and an internet service. All in all, it is important to remember that in cryptocurrency just like with any other forms of virtual assets like stocks, doing your research is vital. With the market being so volatile, it is smart to worry and be extra careful. However, I feel like this project has great prospects and I’m excited to see how it fares when it launches officially. Disclaimer: 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.
1 day agocryptodaily
As DeFi Hacks Soar, This Startup Wants To Radically Overhaul Smart Contracts To Prevent Them
Over the past couple of years, hundreds of new decentralized finance applications and protocols have flooded onto the Ethereum network and other blockchains. In November 2021, the total value locked in all DeFi apps reached a staggering $290 billion. DeFi, in theory, is designed to democratize access to finance by enabling people from all over the world, from any background, no matter who they are, to participate. There are no financial or geographical restrictions or centralized intermediaries - everything is decentralized, trustless, and peer-to-peer. It’s a vision that has proven popular, with DeFi growing faster than anyone could have imagined. However, its rise has been clouded by numerous critical security threats that make it seem like a very risky venture to anyone who’s not extremely knowledgeable about how crypto works. While 2021 was a big year for DeFi, it was arguably even bigger for hackers, with a recent report from Chainalaysis finding that they stole a combined $3.2 billion worth of cryptocurrency that year. This year is likely to be just as profitable for hackers. According to CertiK’s latest report, DeFi and Web3 together lost more than $2 billion to hackers in the first six months of the year. Chainalysis said hackers in the crypto sphere have migrated away from wallets and other targets, and are almost exclusively targeting DeFi protocols today. In the first three months of 2022, almost 97% of all funds stolen by hackers came from DeFi, up from 72% in 2021 and just 30% in 2020. A quick look at some of the biggest hacks of this year explains why DeFi has become such a popular target for attackers. The amounts they can steal are tremendous. The most expensive hack so far this year was the Ronin Validator Security Breach. On March 23, the person or persons responsible for the attack were able to compromise Sky NMavis’s Ronin and Axie DAO validator nodes, hack the private keys and make illicit withdrawals. They stole an incredible 173,600 ETH and 25.5 million USDC, amounting to $615.5 million in total, via just two transactions. Unfortunately, the Ronin hack was not just an isolated event. In February hackers exploited a security vulnerability in Wormhole’s signature verification, enabling them to make off with 120,000 wETH on Solana, an amount that was worth $326 million at the time of the attack. Similarly, in April, the Beanstalk protocol fell victim to a one-day delay inside a $BEAN governance proposal contract to complete a flash loan. The attacker was able to steal 70% of the total seeds, getting away with $181 million in total. Spotting Smart Contract Vulnerabilities The vast majority of DeFi hacks occur due to vulnerabilities in the smart contracts that power the protocols. Smart contracts are self-executing bits of code that automatically process transactions when certain conditions are met. They’re one of the core elements of DeFi as they make the requirement for a trusted intermediary redundant. The good news is that the community is aware that smart contracts are a glaring weakness in DeFi security and is taking steps to address them. The most reliable DeFi protocols today are sure to carry out a comprehensive smart contract audit to identify if any vulnerabilities exist. Audits are carried out by reliable firms such as CertiK and Hacken, and assess the recorded transactions within a blockchain ledger to try and spot any bugs. Other ways of identifying vulnerabilities include penetration tests by teams of security experts, who attempt to hack DeFi protocols so they can inform the developers how they did it, allowing them to close whatever loopholes are discovered. In addition, protocols can also offer “bug bounties”, where they essentially crowdsource security. Dozens of “white hat” hackers compete for a monetary prize to identify vulnerabilities within a protocol. Bug bounties can be especially beneficial because they incentivize participants to act like real cybercriminals, meaning they will likely attempt to hack the protocol using similar methods as the real bad guys do. The idea being that the good guys will discover any obvious exploits before they’re exposed in the real world. Smart contract code audits and bug bounties can help to protect DeFi protocols against common hacks around unhandled exceptions and transaction order dependency. However, audits are unfortunately not infallible - the Chainalaysis study found that 30% of exploits this year occurred on platforms that had been audited within the past 12 months. So while code audits and bug bounties can be helpful, they do not provide any guarantees. As such, DeFi protocols that are managing billions of dollars in user’s funds ought to adopt a more robust approach to security. Reinventing Smart Contracts One of the most exciting solutions to emerge is the Scrypto programming language developed by Radix, which is a layer-1 blockchain protocol that has been built specifically for DeFi. The Scrypto language is based on the popular Rust programming language and retains most of its features. However, it notably adds a number of specific functions based on the Radix Engine. It can be thought of as a collection of libraries and extensions to Rust that provides asset-oriented features, enabling Rust-style logic to interact with assets as a native, first-class citizen. The most important distinction of Scrypto is that it effectively does away with smart contracts. Instead of smart contracts, it uses blueprints and components to process transactions. Blueprints are compiled source code that lives on the blockchain, where they can be used by anyone. Their role is to provide “constructor functions” for DeFi transactions, with flexible parameters that others can instantiate. They’re generally quite specialized in terms of functionality, though they can support multiple different use cases depending on exactly how they’re instantiated. Blueprints can sometimes work with other blueprints, deployed together as a “package”. To activate a blueprint, it must be instantiated by calling one of its constructor functions in order to obtain the address of a newly created instance, known as a “component”. Components are used to manage state and can gather, hold and distribute resources according to the logic associated within the blueprint that created it. In other words, components in Scrypto resemble smart contracts, however, they derive from the logic defined within the blueprint that gave birth to it. Scrypto’s unique architecture allows it to carry out transactions in a very different way to regular smart contracts written in Solidity or another language. Instead of sending a number or reference to some tokens, Radix Engine transfers ownership of tokens from the caller to a component. Once that component receives a bucket of resources or multiple buckets, it can take those resources and deposit them into a vault it holds, or else a different bucket. Then, the Radix Engine ensures that the caller can no longer access the bucket or vault. The end result is that dApps built on Radix have a much simpler and safer way of transacting. To better understand how it works, Radix offers us the example of a gumball machine that accepts USD tokens in exchange for a token held within its vault. In this example, the user passes a bucket of 0.25 USD to the insertCoins method of the MyMachine component. The blueprint’s logic sees that the correct price has been paid, adds those tokens to a vault, then takes 1 gumball from its gumball vault and passes it back to the caller. It can even send back some change if the caller passed too much USD. With Ethereum’s Solidity-based smart contracts it’s much more complex and risky. In the same machine, the user would call a smart contract to give the machine permission to withdraw from their wallet on their behalf. They would tell the machine they wish to input 0.25 USD. The machine would then call the USD contract to make the withdrawal, then call a gumball smart contract to send the gumball to the user. Finally, it would probably also update an internal cache of the number of remaining gumballs to check for eros. Each one of these processes uses a smart contract, and each one is therefore at risk of being hacked due to a smart contract vulnerability. That’s just a simple example. With DeFi, transactions can be many times more complex, meaning they’re exposed to multiple times the risk. All it takes is one vulnerability somewhere, in any one of numerous smart contracts involved in a transaction, for an attacker to pull off an attack. Conclusion As DeFi grows and its total value locked increases, the risk of exploitation will only increase. If there’s one takeaway we can gather from the stunning amount of crypto that’s been stolen by DeFi hacks, it’s that the need for smart contract security has never been greater. While code audits and bug bounties can help to spot the most obvious vulnerabilities in DeFi, it’s clear that the industry could benefit immeasurably from a radical overhaul based on an infrastructure that’s designed to minimize the number of potential exploits from the get-go. Disclaimer: 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
1 day agocryptodaily
Introducing SolMad - the hottest new project to launch on Solana
Set to develop on the Solana Chain, SolMad is an NFT collection in the Solana-verse where nomads travel in search of community, land and resources to keep themselves alive against the threat of extinction, global warming and natural disasters. SolMad will take its users on a journey of community-driven collaboration, collective building and togetherness. The Story of the SolMad It all begins in the depths of Gisana…made up of a community of tribes who are smart and handy, the SolMad face harsh weather conditions within the various ecosystems they travel through and live in. Amidst these are valuable resources and artefacts which they are able to mine and trade in various cities and towns on their travels. These communities, who move together in unity, work together to keep each other alive - which isn’t always possible. They risk their lives in harsh conditions to harvest powerful and valuable resources. Nevertheless, the SolMad tribes are a tight-knit community that always support each other. With their curious nature, the SolMad are capable of finding secret and forbidden locations thanks to their advanced navigation skills and tools. They often travel by foot or animals such as camels, horses or alpacas. They tend to travel by regular mode of transportation such as wagons, vardos or mobile homes too. SolMad are not stopped by anything; they even travel by water, often on canoes or living on barges. The SolMad often harvest or acquire valuable artefacts or resources, such as crystals or metal ores, silks, dyes and even figurines or statuettes! Depending on where they are travelling to, SolMad may even come across fruit, fish and spices too. These valuable assets are things that can be auctioned off for prizes in the universe through partnerships offline. Casinos began as a fun way to reconnect within SolMad communities, but soon talks of their fun and addictive games spread among the lands and led other travellers and tourists to leave the comfort of their cities and venture out to visit these casinos. Due to the kind and charitable nature of SolMad, the games are played fairly and for fun, though big, greedy cities oppose this largely. How it Works The SolMad is a deflationary collection of 10,000 NFTs. Like all great nomadic tribes, the SolMad is mobile. The narrative is one which is expansive, rich and will continue to grow into a wider world with unlimited capabilities for participants to not only collect and grow but also engage and have fun as a community! The SolMad are made up of four unique tribes: Panuk, Zuberi, Mira, Briar Besides that, the project will also have a maximum supply of 100,000,000 $BEADS, the currency of the SolMad communities as well as the utility currency within Gisana. The token will be quickly adopted for an endless list of use cases as the project continues to evolve. The SolMad goal is to develop a DAO focused on building and investing in the Solana Mobile ecosystem. DAO stakeholders will get early access to product testing, airdrops, and product betas. Roadmap The project’s roadmap may change over time, but the team take pride in being able to deliver a superior product in a timely and efficient manner. Their plans are as follows: Pre-Mint Community building Smart contract and project audit Build a pipeline of collaborative partnerships Mint Mint launch of the 10,000 NFTs Post Mint Secondary marketplace listing Announcement to the community about the project’s initial build priorities Community engagement (lore discovery) Treasury management begins Introducing staking incentives for future token product development The team also plans to launch future collections as well as potential token airdrops for participants. NFT Utility The SolMad team aims to begin building and investing in the Solana mobile sphere. To kickstart this mission, the SolMads collection will include the following utilities over time: Royalty deflation and LP backing A Solana mobile-focused DAO Raffle prizes IRL and auctions Casino - think gaming with USDC-dominated prizes at stake NFT asset purchasing and yield generation Resources purchases to upgrade Final Thoughts The SolMad team aims to begin building and investing in the Solana mobile sphere. The SolMads’ story is one that will be shared in the weeks to come. In the meantime, sit tight, and more secrets of the SolMads will be revealed as the mint day dawns ever closer. For more information, visit their Twitter here or join the conversation today on Discord here. Disclaimer: 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.
2 days agocryptodaily
Curve Finance Asks Users To Revoke Recent Contracts After DNS Hack
Curve Finance became the latest target in a long list of exploits that have decimated the crypto space in 2022. The protocol reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000. The protocol has since reported that the problem has been found and fixed. $570,000 Stolen From Curve Finance Automated Market Maker Curve Finance took to Twitter on Tuesday, warning users of an exploit on its site. The Curve team acknowledged the issue affecting the site’s front-end and nameserver, which appeared to be orchestrated by a malicious actor. The protocol stated on Twitter, “We are becoming aware of a potential front-end issue that is approving a bad contract,” the Telegram announcement read. “For now, please do not perform any approvals or swaps. We’re trying to locate the issue, but for now, for your safety, do not use Curve.fi or curve.exchange.” The team made a second announcement shortly after the initial one, stating they had found the source of the problem and addressed the issue. However, the protocol has asked users to revoke any contract approvals they may have conducted over the past few hours when the protocol’s front end and nameserver were compromised. “If you have approved any contracts on Curve in the past few hours, please revoke immediately.” The attack on Curve comes hot on the heels of another exploit, suffered by Nomad, leading the protocol to lose $190 million. Exchange Unaffected Curve stated in a follow-up that its exchange, which is a separate product, was unaffected by the hack. This is because the exchange uses a different domain name system (DNS) provider. The protocol added that users should continue to use the Curve.exchange until Curve.fi reverts to normal. “The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke them immediately. Please use http://curve.exchange for now until the propagation for http://curve.fi reverts to normal.” According to Curve, the hacker appeared to have changed the domain name system entry for Curve Finance. This forwarded users to a fake clone, which approved a malicious contract. However, the program’s contract was not compromised by the hack. Alarm Bells On Twitter While the attack on Curve Finance was ongoing, Twitter users speculated on the source of the attack. User LefterisJP speculated the attacker had used DNS spoofing to execute the attack on Curve. “It’s DNS spoofing. Cloned the site, made the DNS point to their IP where the cloned site is deployed, and added approval requests to a malicious contract.” Other users on Twitter were quick to warn fellow users about the ongoing exploit, stating that the protocol’s front-end had been compromised, while others noted that the hacker had stolen over $573,000. A Significant Impact On Curve The timing of the exploit could not have been worse for Curve.finance, which was winning favor with analysts, who had stated in July that despite the recent market downturn, Curve remained a viable option in the space. Researchers have several reasons for their bullishness around the protocol, specifically pointing out the growing demand for Curve DAO token deposits, the protocol’s yield opportunities, and its revenue generation thanks to stablecoin liquidity. This observation came after the protocol launched a new algorithm that allowed the exchange of volatile assets, promising to allow low-slippage swaps between any volatile assets. The pools use internal oracles and a bonding curve model, previously deployed by market makers such as Uniswap. Disclaimer: 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.
2 days agocryptodaily
TRON DAO Reserve Appoints Wintermute as the Latest Member and Whitelisted Institution
Geneva, Switzerland, 10th August, 2022, ChainwireThe TRON DAO Reserve has announced Wintermute as the ninth Member and Whitelisted Institution to mint Decentralized USD (USDD), the over-collateralized decentralized stablecoin on TRON, Ethereum, and BNB Chain. Wintermute is a leading global algorithmic trading firm and an established player in digital asset markets. With an average daily trading volume of over $5 billion, Wintermute facilitates OTC trading and provides liquidity across both centralized and decentralized exchanges. Its mission is to enable, empower and advance a truly decentralized world for more transparent, fair, and efficient markets and products. Being the first over-collateralized decentralized stablecoin, USDD is significantly different from other stablecoins in the crypto industry. It surpasses several massive milestones with over $2.3 billion in backing and a market cap of $725 million as of July 2022. The TRON DAO Reserve (TDR), which governs the stablecoin, acknowledged USDD's elastic price against the USD amidst market turmoil but is committed to defending the stability of the ecosystem. The TDR is dedicating resources to fostering organic growth and maintaining full transparency. During recent volatile market events, USDD has stayed strong as expected and stabilized organically. The simple facts of over-collateralization of transparent reserves and steady restabilization of the token value came as a natural experiment that shows how much USDD is a force to be reckoned with, especially amid various discussions of industry-wide regulation. The appointment authorizes Wintermute to mint and burn USDD as a collaborator with the Reserve. As a Member and Whitelisted Institution, Wintermute will advise the TDR and make recommendations to enhance, develop, and supply general aid for the USDD network. The TRON DAO Reserve website is live, and historical token issuance records are published here live on the TDR website 24/7. About USDD USDD is an over-collateralized decentralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX under a Linked Exchange Rate System (LERS) and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone. Website | Twitter | Telegram | Discord | Medium ContactsSam [email protected]
2 days agocoindesk
Andreessen Horowitz Leads $20M Funding Round for CreatorDAO
Paris Hilton also backed the decentralized autonomous organization providing capital and operational support for creators.
2 days agocointelegraph
Pinterest for Web3: Project launches curation ecosystem on Avalanche
CurateDAO launched an Avalanche-based “curate-to-earn” platform where participants can earn by contributing to databases.
2 days agocryptopotato
TRON DAO Reserve Welcomes Wintermute as USDD’s Latest Whitelisted Organization
Wintermute has become the ninth member and whitelisted organization to mint and burn the algorithmic stablecoin.
2 days agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
3 days agocryptopotato
VisionsDao Exits Stealth Mode and Presents a Modular Stack for GameFi
[PRESS RELEASE – Toronto, Canada, 8th August 2022] An up-and-coming GameFi infrastructure startup, VisionsDAO has been building for more than a year what could become a foundational primitive for game developers looking to implement sound crypto economic designs and plug-and-play modules that will power a new wave of sustainable on-chain Web3 games to come to […]
3 days agocryptodaily
WIN NFT HERO to Bring Engaging Gaming Experience with New Features and Rewards
Singapore, Singapore, 9th August, 2022, ChainwireWIN NFT HERO strives to bring an exceptional play-to-earn (P2E) gaming experience to users in the GameFi space with new features and rewards. P2E has been the latest trend in GameFi since last year. However, during recent months, GameFi appeared to have taken a dip in the polls due to most blockchain games putting too much emphasis on “earning.” Because earnings aren’t guaranteed, it began to deter players from an all-around good gaming experience. Yet, since GameFi is still generally considered the entry into the metaverse, investor confidence in the industry hasn’t deteriorated too much over short-term market swings. As GameFi is embracing a new stage of development, TRON's blockchain game WIN NFT HERO looks set to take the lead and bring a next-level P2E gaming experience. Built on the TRON blockchain, WIN NFT HERO is a "GameFi+NFT" turn-based strategy game where users fully own their in-game NFT assets, such as heroes and equipment. Allowing players to win various in-game assets for free and trade them in the official marketplace, the game is dedicated to building a "free-to-play" TRON metaverse. The hero NFTs consist of five elements: quality, attribute, class, skill, and bond. Although each hero has their position, both short-range tanks and long-range attackers are indispensable in winning combats. Moreover, heroes of the same class or gene form bonds, which substantially boosts the squad's performance in combat. To perform better in combat, players must create strategic plans in advance: select different heroes, arrange their positions, choose the appropriate equipment, and build bonds. As for the gameplay, WIN NFT HERO now offers four modes: Adventure, ALLSTAR, Dungeon, and Mission. Exciting rewards are available in each mode, allowing users to enjoy P2E fun in explorations and combats. Moreover, as the metaverse is continuously being perfected, WIN NFT HERO will introduce more game modes to meet users' demands. WIN NFT HERO is currently embarking on a new round of closed testing alongside testing events offering generous rewards. As the game progresses to a new milestone, more rewards for early birds will be released. Stay tuned for more details in the coming weeks. About WIN NFT HERO WIN NFT HERO is a “GameFi + NFT” 3D cartoon-style turn-based strategy game launching soon. WIN NFT HERO is designed to allow the exchange of various heroes and equipment on the market to acquire strong spells and skills, which players can then use to win battle rewards. WIN NFT HERO | Twitter | Telegram | Discord ContactsBilly [email protected]
5 days agocoindesk
A DAO That Literally Wants to Party on The Moon Just Sent a Viral YouTuber to Space
MoonDAO purchased two Blue Origin tickets as part of its larger mission “to explore the cosmos” after raising $8 million.
7 days agocryptopotato
Empowering DAOs on Cardano: Interview WIth The Summon Platform
After launch, the new Cardano-based DAO creation and management toolkit, The Summon Platform, has gained the attention of DAO advocates across the blockchain world. CryptoPotato sat down with the four co-founders of The Summon Platform: Adam Rusch, Ph.D., president of the not-for-profit Summon Association, Thomas “TCT” DiMatteo, CEO of Summon Labs, Riley Kilgore, CTO of […]
8 days agocointelegraph
Lido DAO: Ethereum's biggest Merge staker just jumped 30% — will LDO rally into September?
LDO price is up roughly 30% over the past day, gaining approximately 500% since mid-June.
9 days agocoindesk
Deepak Chopra-Involved DAO Project Taps Coinshift for Treasury Management
The crowdfunding service aims to bring DAO tooling to non-crypto savvy agents of change.
10 days agocointelegraph
Aave DAO approving overcollateralized stablecoin splits crypto community
Aave’s stablecoin approval drew wild reactions from the crypto community, with many comparing its fate to TerraUSD (UST); however, Aave proponents were quick to point toward the overcollateralized factor.
13 days agocointelegraph
Ethereum founder speaks against transferable governance, community responds
Vitalik Buterin wrote that supporting DAOs with transferable governance tokens is contradictory and enables the power-hungry.

About DAO Maker

The live price of DAO Maker (DAO) today is 1.9517 USD, and with the current circulating supply of DAO Maker at 83,510,692.54 DAO, its market capitalization stands at 162,987,767 USD. In the last 24 hours DAO price has moved -0.0759 USD or -0.04% while 1,555,747 USD worth of DAO has been traded on various exchanges. The current valuation of DAO puts it at #192 in cryptocurrency rankings based on market capitalization.

Learn more about the DAO Maker blockchain network and how it works or follow the price of its native cryptocurrency DAO and the broader market with our unique COIN360 cryptocurrency heatmap.

DAO Maker Price1.9517 USD
Market Rank#192
Market Cap162,987,767 USD
24h Volume1,115,819 USD
Circulating Supply83,510,692.54 DAO
Max Supply312,000,000 DAO
Yesterday's Market Cap162,140,750 USD
Yesterday's Open / Close2.0175 USD / 1.9416 USD
Yesterday's High / Low2.0582 USD / 1.9319 USD
Yesterday's Change
-0.04% ( 0.0759 USD )
Yesterday's Volume1,555,746.90 USD
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