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I don’t believe DAO was a hack when it happened. It was an exploit of a flaw in how smart contracts work, but it was simply executing the contract as it was written.
I also don’t think rolling it back was the right solution specifically for the reason you said: it proves that the ledger isn’t immutable.
It sucks that all those funds should have been stolen forever, but that’s what an immutable and uncensorable ledger is. The initial problem was in the design of the contract that got exploited.

liquidity lock and renounced ownership stopped being meaningful signals maybe 18 months ago once people figured out how to write withdraw functions into the liquidity contract before locking it. what i actually look at now is whether the deployer wallet has any on-chain history before this project fresh wallets with zero prior activity and a shiny new token are the tell. second thing is token distribution: if 3 wallets hold 40%+ and theyre not labeled team/DAO with a vesting cliff, assume its a coordinated dump waiting to happen. none of this is foolproof but it filters out the lazier rugs

JUST IN: Aave DAO Contributes 25,000 ETH To DeFi United

The sybil problem is unsolvable without identity, and identity is the one thing crypto was designed to avoid. Every DAO governance system either accepts plutocracy (token-weighted) or requires KYC (kills the point). There's no middle ground that actually works at scale.

The Sun vs WLFI case is going to set precedent for every DAO governance dispute going forward. If a protocol can freeze your tokens and strip voting rights without on-chain consensus, the "governance" is just branding over admin keys. This is the Kelp DAO debate all over again but with political actors instead of hackers.

just a few voters can change everything in a DAO

Nouns DAO ends daily auctions after 10 voters force change

It feels like the entire DeFi industry is moving as one coordinated DAO right now. Albeit, not a very good one
IMO, freezing assets is a very slippery slope. My take is that security and asset protection should be at the app level and NOT the protocol level
Once protocols and blockchains start changing block production, the “immutability” of crypto deteriorates. We are only as strong as our weakest link.
Do you agree with tether freezing these assets or do you think this is a huge misstep for crypto ideals?

I don’t believe DAO was a hack when it happened. It was an exploit of a flaw in how smart contracts work, but it was simply executing the contract as it was written.
I also don’t think rolling it back was the right solution specifically for the reason you said: it proves that the ledger isn’t immutable.
It sucks that all those funds should have been stolen forever, but that’s what an immutable and uncensorable ledger is. The initial problem was in the design of the contract that got exploited.

liquidity lock and renounced ownership stopped being meaningful signals maybe 18 months ago once people figured out how to write withdraw functions into the liquidity contract before locking it. what i actually look at now is whether the deployer wallet has any on-chain history before this project fresh wallets with zero prior activity and a shiny new token are the tell. second thing is token distribution: if 3 wallets hold 40%+ and theyre not labeled team/DAO with a vesting cliff, assume its a coordinated dump waiting to happen. none of this is foolproof but it filters out the lazier rugs

JUST IN: Aave DAO Contributes 25,000 ETH To DeFi United

The sybil problem is unsolvable without identity, and identity is the one thing crypto was designed to avoid. Every DAO governance system either accepts plutocracy (token-weighted) or requires KYC (kills the point). There's no middle ground that actually works at scale.

The Sun vs WLFI case is going to set precedent for every DAO governance dispute going forward. If a protocol can freeze your tokens and strip voting rights without on-chain consensus, the "governance" is just branding over admin keys. This is the Kelp DAO debate all over again but with political actors instead of hackers.

just a few voters can change everything in a DAO

Nouns DAO ends daily auctions after 10 voters force change

It feels like the entire DeFi industry is moving as one coordinated DAO right now. Albeit, not a very good one
IMO, freezing assets is a very slippery slope. My take is that security and asset protection should be at the app level and NOT the protocol level
Once protocols and blockchains start changing block production, the “immutability” of crypto deteriorates. We are only as strong as our weakest link.
Do you agree with tether freezing these assets or do you think this is a huge misstep for crypto ideals?

I feel like having all these projects governed by DAOs was already a departure from where we were supposed to be going. We were supposed to be building immutable systems that didn't rely on governance, but having governance is easier and it turned out the users dgaf so people doing that got out-competed by things with token voting, even though we always knew that token voting awful.
Earlier systems actually had much better crypto-economics than what people are using nowadays, for example the original DAO (the one with the reentry bug) had the ability to exit to a sub-DAO, and early prediction market designs like Augur had governance by fork which is much more robust.

My DAO is based on wallet count, not token count. I'm sure somebody will try to abuse it, but it will be obvious.

Hey everyone - I’m Padrrre, leading comms at Hinkal.
We’ve been building privacy infrastructure for on-chain finance across multiple ecosystems, and we just deployed Hinkal Pay on TRON DAO.
I wanted to share it here because I think it could actually be useful for some of the teams operating on TRON.
As you all know, TRON is one of the largest stablecoin rails - but like any public chain, transactions are fully transparent.
For individuals, that’s often fine, but for businesses, it can get risky:
balances, counterparties, and payment flows are all visible.
From what we’ve seen, there hasn’t really been a practical, widely usable way to keep payment activity private on TRON so far.
What we built is a way to execute settlements and payouts without exposing that data publicly - while still using the same wallets, same stablecoins, without changing custody.
The idea is simple: funds move into a confidential balance linked to your existing wallet, and from there you can send payments without revealing sensitive details on-chain.
Compliance is still supported (KYT screening + selective disclosure when needed), but the default isn’t full transparency anymore.
Genuinely curious, do teams on TRON actually care about transaction privacy today, or is full transparency not really an issue in practice?

Juicy. I hope this is about the Kelp DAO fiasco... I heard some of the stolen funds were moving via USDT on Tron...