Every Zipp story tagged #DAO, newest first.
The vote converts a DAO into a staffed, board-led organization able to engage with ICANN and defend trademarks, with a nine-day timelock on endowment transactions and a Security Council override…
The 5-of-8 multisig can only cancel malicious transactions during the two-day timelock; treasury control stays with token holders, and the authority sunsets automatically unless DAO votes to extend.
Treasury drains via simple on-chain vote have moved from theoretical to routine, and the Bonk memecoin community is the latest proof that low voter turnout is the real attack surface.
The profit margin is what stings: roughly $4.4M of spot buying on Bybit and Binance bought just enough quorum to pass a self-serving proposal and walk away with 4.426T $BONK.
The point isn't whether chains are immutable in theory — it's whether governance can move fast enough when it isn't.
Roughly 53% support and a striking 46% abstention rate reveal a DAO still split on who should hold governance influence three years after the loans went out.
The proposal adds a major protocol treasury to a recovery coalition that has already cut the bridge-incident shortfall to roughly 75K ETH from an initial 163K.
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