Dearest Degens,
Weโre excited to announce the first edition of our weekly newsletter, The Dystopian, which weโll be sending out every Monday. Here we go:
NFTs
Whitehat hackers @RUG_TECH flagged a vulnerability on OpenSea that made it possible to mint NFTs and make them appear to be created by any ETH wallet. The bug was patched up but sparked controversy about OpenSeaโs bounty reward program.ย ๐ Read More.
DAOhaus announced Rarible Boost, an integration which will enable DAOs to buy, sell, and manage NFTs on Rarible. ๐ Read More.
PartyDao launched support for token-gated parties. On-chain communities can set any ERC-20 as their gating token to restrict party bid contribution to token holders. ๐ Read More.
Hollywood studio Miramax sued Quentin Tarantino for trying to sell unseen scenes from his 1994 film Pulp Fiction as NFTs. ๐ Read More.
Wolf Game, a full-feature blockchain economy, launches:
DeFi
Curve suffered an attempted governance attack by Mochi executed through a series of suspicious actions. Curve invoked its Emergency DAO to cut off CRV emission rewards to Mochi. ๐ Read More.
Maker introduced DAI Wormhole, which will allow users to trustlessly bridge unlimited liquidity between L2s via the instantaneous minting of DAI on the destination domain. ๐ Read More.
ParaSwap awarded tokens to 20k active out of >1.3m unique users, a strategy that was met with mixed reactions. ParaSwap explains the airdrop design with the need to protect against airdrop hunters and Sybil attackers. ๐ Read More.
Rekt reported that 50% of Uniswap v3 liquidity providers are losing money compared to if they had just HODLed. ๐ Read More.
Liquidity mining on Compound appears to be broken -- very few accounts retain economic interest in the protocol and even fewer participate in governance. Alex Kroeger has several suggestions as to how to redesign and improve Compoundโs liquidity mining program.ย ๐ Read More.
Coinbase Wallet is now a standalone browser extension. ๐ Read More.
Layer-1s, Layer-2s, & Tools
Zcash / Electric Coin Company released a three-year product roadmap which discusses moving Zcash from PoW to PoS. ๐ Read More.
NEAR Protocol launches Nightshade Sharding to improve network throughput. ๐ Read More.
Polygon announced Polygon Miden, a STARK-Based, Ethereum-compatible rollup. ๐ Read More.
Polkadot wrapped up its first parachain auction, which saw almost $3.5 billion collected by 10 hopefuls, with Acala edging out Moonbeam for the first slot. ๐ Read More.
Paradigm launched a new testnet faucet that funds wallets across 4 testnets at once without the need to tweet your address. ๐ Read More.
Culture & Governance
Vitalik reviews Optimismโs retroactive funding round 1, an exciting new mechanism design experiment that distributed $1m to 58 Ethereum ecosystem public good projects. ๐ Read More.
ConstitutionDAO raised $45M in less than a week but fell short in its bid to purchase the last remaining privately owned first-edition print copy of the U.S. Constitution in a public auction held on Nov 18. ๐ Read More.
Index Coop is exploring a comprehensive overhaul of compensation and community ownership. ๐ Read More.
Braid released a proposal to add USDC wallets to their platform. This would allow DAOs to send USDC from their treasury to Braid, off-ramp it into a pool with a shared debit card, and pay for fiat expenses. ๐ Read More.
a16z released DAO canon, a curated list of DAO resources. ๐ Read More.
Thread by @divine_economy on key questions DAOs face:
Events:
Attending Art Basel? Hereโs a massive list of side events curated by @jdanjohnson.
SF: Attend Dystopia Labโs Rooftop Party w/ Zerion on Dec 7th.
Seattle: Attend Dystopia Labโs Meetup at Art Marble on Dec 9th.
Want more? Join The WGMI Society Discord Server!