Newest DAO Project Was Thrown a Curve, but the Team Is Rolling With It Anyway
An anonymous DeFi user deployed Curve Finance’s DAO and token smart contracts without the team’s permission, but the Curve team is adopting it anyway.
Such a move give legal standing to blockchain-based organizations, enabling DAOs to contract with other legal persons.
Wyoming's world-first law on DAOs is the start of recognizing these legal entities worldwide, says a lawyer specializing in such arrangements.
Founder Erik Voorhees said on CoinDesk TV today he's converting his exchange into a DAO in part due to "regulatory friction."
The project is led by a former Huobi executive and includes the participation of investors including Multicoin Capital and Polychain Capital.
The newly launched GnosisDAO will allow Gnosis users to vote on platform governance and development.