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Analysis of recent crypto market developments from Wintermute OTC Desk
Dive into Wintermute's DeFi Governance Digest, where we explore the most pressing votes and meaningful discussions happening across various DAOs.
Discover how DeFi protocols might be leaking money to DEXs and how owning their own DEX AMM could help them capture more of the value chain.
SUAVE is Flashbot's abstraction of the transaction supply chain. One of its missions is to minimize trust required to be placed on centralized solutions that have emerged to combat the adverse effects of MEV. This article explores how some of the popular centralized services like OFAs and Block Building might look like if they were built on SUAVE instead.
With the average cost of an on-chain vote frequently above $5, many voters might refrain from participating in proposals, resulting in low turnout rates. Potential solutions are emerging that offer a one-stop off-chain voting coupled with on-chain execution. Is this the magic spell to remove voter apathy?
The age-old problems of DAO governance include low participation and misalignment between token holders and contributors. veToken (vote-escrow tokens), pioneered by Curve Finance, attempts to solve these issues by attaching a coordination mechanism. Within DeFi governance, veTokens have evolved, reshaped the landscape, and are now used in a third of the top DAOs.
Traditional ETFs have shot to investor popularity since their inception in the early 1990s. Yet, on-chain ETFs still have comparatively lower adoption. Today’s on-chain ETFs offered by key protocols like Index Coop and Alongside, have a range of design that impacts their approach to rebalancing, creation & redemption, each with certain benefits to consider.
Aave, the largest decentralized lending protocol, introduced a fully decentralized governance system called Aave Governance V2. It was inspired by delegation-based governance models which mimic but do not enforce a representative democracy. In conjunction, these new features provide a more inclusive, efficient, and robust governance system for Aave.
Governor Bravo is a smart contract that enables decentralized autonomous organizations (DAOs) to manage their operations and decision-making processes with a high degree of security, transparency, efficiency, and enforceability.
