DAOUSDT
DAO Maker / Tether USD
crypto Composite

In the twilight between meme and myth, a token emerged—not merely as currency, but as a sigil of rebellion. The Golden Inu, shimmering with the dual light of Ethereum and BNB Chain, was forged to bridge fractured realms of decentralization. Its creators did not seek to mimic the old gods of crypto—they sought to summon a new one.
🪙 The Token as Totem
- $GOLDEN is the lifeblood of a sprawling ecosystem, pulsing through games, apps, and decentralized exchanges.
- It fuels the Golden Treasury, a smart contract that rewards loyalty and sustains the realm through passive income.
- Every transaction feeds the Golden Multi-signature wallet, a vault guarded by collective will, not centralized decree
👥 The Golden Horde
- Not mere holders, but pilgrims of purpose. They gather under the banner of the Inu, believing in a future where value is shared, not hoarded.
- Through quests and bounties, members earn reputation and rewards, transforming speculation into ritual
🧩 The Mythic Mechanics
- Dual-chain deployment ensures interoperability and reach.
- DAO governance empowers the Horde to shape the realm’s fate.
- Burn protocols and liquidity growth mechanisms echo ancient rites of sacrifice and abundance
🌌 The Inuverse Beckons
- A play-to-earn realm is rising, where reputation is earned through deeds, not declarations.
- The Golden Bazaar, a decentralized marketplace, promises to merge the spirit of Shopify with the soul of the Silk Road
🕊️ The Call to the Curious
To hold $GOLDEN is to hold a fragment of a dream—a belief in a decentralized destiny, a rebellion against the gatekeepers of old finance. The Inu does not bark; it beckons

What I'm puzzled by is how did Bonk's team not notice a 1-week DAO vote? I get that almost no one voted, but it's very lazy of the team not to check in on these DAO votes, yea?

This is the part DAO governance has to take seriously.
If a proposal can directly move treasury assets, then the vote is not just a signal. It is an execution path.
Turnout, quorum, proposal review, delays, and treasury limits matter as much as the vote itself. A proposal can follow the rules and still expose a weak governance design.

Genuinely torn on this one. He followed the rules to the letter, and the DAO left the door wide open. Doesn't make it right, but "we got robbed" hits different when the lock was optional and you chose not to use it.

Another day another DAO getting drained by its own voters. The whole "rewards for YES votes" thing should be massive red flag but people just click approve for free tokens anyway

At this point maybe governance tokens need better safeguards than just whoever holds most gets to empty treasury

**Source:** [https://x.com/bonk\_inu/status/2074191403781906800](https://x.com/bonk_inu/status/2074191403781906800)
BonkDAO was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BonkDAO treasury.

During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal. BonkDAO is currently actively working with exchanges, bridges and Solana Foundation to best manage the situation.

Law enforcement has been notified. BonkDAO continues to work with relevant parties to recover funds and identify those responsible.
**Source:** [https://x.com/SolanaFloor/status/2074256389011366166](https://x.com/SolanaFloor/status/2074256389011366166)
BREAKING: BonkDAO says it was hit by a malicious governance proposal that drained an estimated $20M worth of [$Bonk](https://x.com/search?q=%24Bonk%20OR%20solana%3ADezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263&src=smarttag_click) from its treasury.
https://preview.redd.it/8gmf3594csbh1.png?width=680&format=png&auto=webp&s=1f744a0c613a39417ae57612bc67345cddbd65f6
UPDATE: BonkDAO’s $20M drain appears to have been a low-turnout governance takeover.

Attacker-linked wallets acquired a large [$BONK](https://x.com/search?q=%24BONK&src=cashtag_click) position before BIP #76 was pushed. The proposal promised a DAO rebuild and YES-voter rewards, and included a 4.426T BONK transfer from the tr
https://preview.redd.it/x0ofwk58csbh1.png?width=680&format=png&auto=webp&s=adb33ad7144ed0e2b368013d0406bb1a556582dc

I like this framing. I've often thought that the fundamental flaw with a DAO is simply Goodhart's Law.

Constitution DAO which dissolved after it failed to win the bid.

>**Deals from the backyard,**
>**The DAO council last guard,**
>**Trump repeals red card.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap

**ETH Daily - 6th July 2026**
* Ethereum [Strawmap updates](https://x.com/VitalikButerin/status/2073459000398463446).
* Ethereum [native UTXOs](https://x.com/nero_eth/status/2074064951459602473).
* State-minimized [Lean consensus](https://ethresear.ch/t/the-extremely-lean-chain/25369).
* WNS [launches](https://x.com/z0r0zzz/status/2073930719517417690) a DAO.
* EthLabs is [hiring](https://x.com/rudolf6_/status/2073982996928213095) founding members.
* Keyed Nonces [proposed](https://x.com/soispoke/status/2074048120082550890) for Hegota.
* Variational [introduces](https://x.com/variational_io/status/2074126508000755983) Swaps.
* wstETH [live on](https://x.com/LidoFinance/status/2074178540556218573) Robinhood Chain.
* ENS DAO [vote concentration](https://x.com/avsa/status/2074156478500409675).
* Argot bi-annual [report](https://x.com/argotorg/status/2074137727105376621').
* x402 agent [purchases](https://x.com/base/status/2072209466058064327).
* Vitalik’s research paper [is found](https://x.com/VitalikButerin/status/2074181340908462109).
* Wisp [private](https://x.com/ncerovac/status/2074122245266379174) AI agent.
Read more: [https://ethdaily.io/983](https://ethdaily.io/983)

Hey Lefteris here.
Nice overview and I love the way you made the video. Wish I had such video editing skills.
Some notes as I watched.
The fight is not between decision by committe or decision by each token holder voting. ENS DAO like many other DAOs has had working groups. A panel of 3 experts that are voted in by the DAO and those experts get to do all the day to day decisions for so long as their term lasts.
No DAO would ever work where everyone votes for everything every time. That was never the question in ENS (or any other DAO). All DAOs I saw ended up creating those working groups.
There is a lot of theatrics on the "independent foundation" front but the fight is between the DAO existing in any way or form, or being completely captured by ENS Labs through that "independent foundation". If you see the proposal 2 /5 seats are ENS Labs people and the rest are "independent" people picked up by ENS Labs.
Looking at the cloak and dagger theatrics they end up doing in DAO governance to hide that they are controlling more votes than is obvious, by having independent DAO delegates be their sock puppets ( [https://x.com/avsa/status/2074156478500409675](https://x.com/avsa/status/2074156478500409675) ) I would not trust a foundation chosen in this way with a 5-foot pole. I also reject the need for a foundation at this point as the problem they identify is already solved by working groups from inside the DAO itself.
Also you mentioned that token holders would decide where revenue goes. That's not true. Theat's part of the treasury management which is now taken away from the DAO. The only thing they end up doing is rubber stamping ENS Labs upgrades to the protocol: [https://x.com/Jefflau/status/2073559565699023355](https://x.com/Jefflau/status/2073559565699023355)
And if they really think that token holders have all that power over the foundation then ... it's Nick + Labs having all this power over themselves? It makes no sense.
I guess due to time but you also did not mention that the DAO's own security council was going to block this move as an attack against the DAO. But Nick used his tokens and ENS Lab's sock puppets to block the renewal of the security council and then went ahead to nominate a new security council under their control.
Finally and perhaps more importantly forgot to mention that empowering the ENS foundation is not a problem for us. We just want it more accountable and not completely controlled by ENS Labs. Which is why we have made this proposal which has unfortunately not have had any fruitful engagements from Labs who seem to want zero compromises and want to push their own version of the foundation proposal.

does decentralized governance in DAOs really work? this is an almost existential-level question on the realities of a core crypto-native tooling, and it’s being put to the test by what’s happening with the Ethereum Name Service (DAO) lately.
if you’ve heard buzz around the drama surrounding ENS lately but couldn’t be bothered to keep up, I explain!
https://youtu.be/_du0qCXCix4?si=lzQTqvvcqyVIpiWt