DAOUSDT
DAO Maker / Tether USD
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I think the real issue is whether delegation is bounded clearly enough. A DAO using a foundation is not automatically governance theatre. But if treasury authority shifts, members should be able to see what authority is being delegated, what still needs member approval, what records prove the mandate, and how that authority can be revoked if it is exceeded.

My understanding is that JAMKB would be controlled by the DOT DAO. DOT holders would decide through governance how it gets released.
If it is traded or sold, then yes, it would have a price. The protocol just would not set that price directly.
The benefit to DOT depends on the DAO controlling a scarce JAM resource. But I agree, the value link back to DOT holders needs to be clearer.
I'd recommend joining the conversation on the Polkadot Forum, as there are members there with a far greater understanding of the topic than myself.

Aave mobile looked slick but then I think the Kelp DAO hack and ensuing mess might've made them scale back marketing a bit?
I dunno I still don't think average person needs another money management app, their problem is they don't have money to manage in the first place
I'm as crypto native as they come and I have no use for that Aave app, it's not onchain enough for me and it's never going to be secure enough for my USD savings

You can reach out to banksocial and see if they can help you convert it off of the ethereum chain to hedera.  Once on hedera you can swap it for something else using like pancake swap.  It has minimal value but still will do 5 to 10k in volume some days.  There is liquidity on hedera.  Go read the hedera subreddit for better project details.
Nothing they promised for this token has ever happened.  They sold 1 loan in all these years.  Profits were taken and the "founder" basically started a credit union service organizatiom that doesnt use this token at all.  
Token switches to hedera and milks their fans. 
They got robbed for 400k and he badically said his company doesnt control.the token the DAO does. 
 They built an exchange and have the CU's embed that into their credit union app to allow crypto sales in app.  They also have some non-crypto cuso features.  They continue to announce announcements.  The fo have legitimate credit union business but you all habe no way to.profit from that, and the tokem doesmt see any of it.
The basic story is crypto launched, nothing happened. Founder starts a non-related but same named business, value is made on the token pumps and business tries to convince investors there is utility.   

Probably a good idea to sell your dot then. They keep mentioning DOT DAO like our stakings as shareholders mean anything to them?
There is 4 major DAOs in OpenGov that are the network decision makers, none of the rest of us matter.

So Vitalik posted [this challenge yesterday](https://x.com/VitalikButerin/status/2069080988097876084):
>
I think it's pretty fun, and I've created a mini DAO to help incentivize someone finding the answer: [https://poidh.xyz/mainnet/bounty/15](https://poidh.xyz/mainnet/bounty/15)
If you want to join Crack Vitalik's Code DAO, all you need to do is deposit mainnet ETH on the bounty page.
If the code is cracked within the next month? We'll have a vote to confirm and pay out the code breaker (and you'll earn poidh points for your contribution).
If no one cracks the code in time? We'll spin down the DAO and you'll get your ETH back. 🤝

Yup, this is awful. Every day that passes shows a bit more that the web3 world that emerged a decade ago and all the hopes it brought is slowly and painfully dying and (almost) nobody cares.
I fully concede that DAOs came from a « Libertarian fever dream » as another comment said. But I think the tools created for DAOs could be recycled to serve meaningful endeavors in society. The plutocracy comes from making governance rights into tradeable tokens, which concentrates capital almost instantly , and that’s a design choice rather than a law of physics.
The same stack (Snapshot-style (gasless) voting, an auditable treasury, programmable delegation) runs just as well on one-member-one-vote or non-transferable reputation as it does on “biggest bag wins.”
Which is why I think of DAO governance toolkits as orphaned. Transparent collective ownership and accountable collective decision-making belong to the cooperative and mutualist tradition far more than to anything libertarian. The more I think about it, the more I believe they were built by the people least likely to use them for this.
I’ll fully concede nobody outside crypto actually does this yet, so maybe I’m just making another « fever dream », probably a socdem one, and maybe this stack is too entangled with its origins to escape them. But I can’t resolve to « Jeter le bébé avec l’eau du bain » as we say in French, which would translate to « throw the baby out with the bathwater »

Latest case of the Foundation robbing the the DAO.
[https://x.com/LefterisJP/status/2069126550314701172](https://x.com/LefterisJP/status/2069126550314701172)