[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"63c4b547-652b-48ac-9e82-e3e14372d777","updated_at":"2023-04-12T05:05:32.594874+00:00","account":{"firstName":"Akash","lastName":"Kashyap"},"description":"In response to efforts to thwart vote-buying attacks on decentralized autonomous organizations (DAOs), MakerDAO has adopted a constitution to formalize its governance procedures and prevent the accumulation of power.","sapo":"MakerDAO has passed a constitution to prevent the concentration of power and formalize governance processes, in response to attempts to prevent vote-buying attacks on DAOs. ","title":"Uniswap Allocates Resources to Enhance the DAO Incentive Initiative Project","content":"

In a move aimed at improving decentralized autonomous organization (DAO) incentive mechanisms, Uniswap Foundation has awarded financial modeling platform Gauntlet a grant. According to an announcement from Gauntlet - financial modeling platform, the company will be creating a new division, Gauntlet Applied Research, to focus on DAO-related issues.

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Gauntlet to provide three proposals for Uniswap incentive mechanisms

provide UniswapDAO with a quantitative framework

Financial modeling platform Gauntlet, which describes itself as a "crypto-native financial risk management solutions provider," plans to offer UniswapDAO at least three proposals for incentive mechanisms to allow the DAO to achieve its objectives. In addition, Gauntlet will provide UniswapDAO with a quantitative framework to evaluate the success or failure of the Uniswap protocol and an analysis of trader and liquidity provider behavior. The company has set a June deadline for the completion of all three deliverables.

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Executive Director of Uniswap Foundation, Devin Walsh, expressed optimism that Gauntlet's research would enhance not only the Uniswap protocol but also the broader cryptocurrency ecosystem. Walsh stated that the Uniswap Foundation's objective is to establish long-term relationships with the most talented and values-aligned teams in the industry to work on the most complex and interesting questions facing the Uniswap Protocol.

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DAOs provide better incentive mechanisms

Over the last few years, DAOs have become a basic feature of the crypto economy, with over 2,300 DAOs currently listed by DAO analytics provider DeepDAO. However, token-based DAO governance has been criticized by some industry experts, including Ethereum Founder Vitalik Buterin. Buterin has expressed concern that this system could lead to "vote-buying" and "outright attacks."

expressed concern that this system could lead to vote-buying and outright attacks

To prevent vote-buying attacks, some DAOs have attempted to provide better incentive mechanisms. For example, MakerDAO passed a constitution on March 27 to formalize governance processes and provide checks and balances to prevent the concentration of power.

Uniswap Foundation has granted Gauntlet a grant to improve DAO incentive mechanisms, with Gauntlet planning to provide UniswapDAO with a quantitative framework, and an analysis of trader and liquidity provider behavior by June. The Uniswap Foundation aims to build long-term relationships with talented teams, while DAO governance remains a challenge, with some DAOs attempting to provide better incentive mechanisms.

","tags":[{"tag":{"tag":"DAOs","id_tag":"daos"}},{"tag":{"tag":"ArenaDAOs","id_tag":"arenadaos"}}],"image":{"fileName":"Uniswap-Allocates-Resources.png"}}]

Uniswap Allocates Resources to Enhance the DAO Incentive Initiative Project

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