Can the launch of Colony v2 relieve DeFi’s governance woes?
Years in the making, Colony aims to solve DAO pain points and bring decentralized governance to the masses Colony, an early Ethereum project aimed at building decentralized governance tooling, announced today that it is preparing for a relaunch that’s been five years, multiple missteps, and a few half-starts in the making.If successful, however, the new app could be a boon for the dozens of decentralized finance (DeFi) protocols currently struggling with the clumsy mechanics of DAO governance — a nearly universally-acknowledged problem in dire need of a solution. Almost a half-decade ago,....
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Would you live in a completely sustainable skyscraper? Colony Earth is an Eco Development company that runs on permaculture, renewable resources, Bitcoin and other cryptocurrencies. With a mission to create a development that is a living example of healthy balanced living and education, in an environment that is focused on technology, Colony Earth is changing the way we think about everyday life. Founder Xavier Hawk started Colony Earth after realizing the need to provide a safe, healthy and balanced lifestyle for every individual. Based on his experience living in eco-villages,....
A new decentralized platform for work collaboration has now entered the beta stage. Colony, a project developed on top of the open-source ethereum network, announced earlier this week that it was opening its doors to developers and enthusiasts. Those using the platform can create or join 'colonies', earning incentivizing tokens for performing tasks in the form of bounties. The thus-far private beta comes less than a year after Colony netted $10,000 at the the Consensus 2016 Proof of Work showcase competition, at which the startup won unanimously. According to a blog post, Colony is now....
Avalanche ecosystem accelerator Colony is celebrating its biggest raise to date, having welcomed $18.5 million of investment from a slew of VC firms. The company, which aims to lay the foundations for the next wave of decentralized applications (dApps) built on Avalanche, received capital from the likes of Shima Capital, Hashkey, GBV Capital, and Bixin […]
A DAO-governed platform that offers to users over ten revenue streams such as IPO participation, Nimbus has recently announced the launch of its Governance Token, GNBU. GNBU will be launched on the 10th of March 2021, at 12 PM GMT on their official website. This launch will help the company become a complete decentralized ecosystem […]
Decentralizing finance, governance and technology should be the ultimate goal for the DeFi sector. The role of governance in the booming decentralized finance industry is a nascent one, and there are ongoing conversations from key figures in the industry around its purpose and what governance may look like in the future.Sam Bankman-Fried of FTX recently shared that his firm’s involvement in DeFi will be “motivated by short-term profits and is not seeking to have a long-term impact in protocols via governance.” In doing so, he argued that he’s simply using DeFi protocols for their intended....