🔍 Magic Internet Money Exposed

**Scroll DAO announces governance pause** while developing updated model for better efficiency and alignment. **Key changes:** - All previously accepted proposals continue as planned - No new proposals accepted until new model launches - Current governance structure remains active during transition - Focus on creating more efficient and sustainable processes The pause follows Scroll's 7-week Co-Creation Cycle that began in November 2024, which sourced initial DAO proposals. The organization frames this as **responsible evolution** rather than disruption. **Next steps:** Updated governance model will be presented before new proposal processing resumes.

**EtherFi Cash continues strong adoption** with $40M in total spending volume and over $200M locked in vaults. **Key metrics:** - $40M spent through the platform - $200M+ locked in vaults - Up to 5% cashback on purchases - Growing transaction momentum The platform maintains steady growth as users continue spending crypto through the service. The substantial vault deposits indicate strong user confidence in the protocol. **Previous data showed** $185M in vaults and $25M spent across 250k+ transactions on Scroll network, demonstrating consistent platform expansion. The cashback rewards program appears to be driving user engagement alongside the core spending functionality.

**Week 3 Results Are In** The DAO accelerator program hits its midpoint with intense competition at the top. Three participants are tied with **289 points each**, showing how close the race has become. **This Week's Focus** - Covered Scroll's zkEVM architecture - Competition tightening across all participants - **4 weeks remaining** for climbers to make their move **Program Progress** - Week 1: Governance fundamentals - Week 2: Token contracts deep dive - Week 3: zkEVM technical architecture With half the program complete, the leaderboard battle intensifies as participants push toward the finish line.

**Institutional DeFi strategies are now accessible to everyone** through tokenized vaults, eliminating traditional barriers like wealth requirements and exclusive connections. **Key developments:** - Dialectic Group partnered with Makina Finance to democratize hedge fund-grade strategies - Tokenized vaults allow public access to sophisticated yield generation - AI-powered due diligence streamlines risk assessment - Cross-chain automation handles complex multi-step strategies **Technical infrastructure enables:** - Risk scoring and automated portfolio allocation - Atomic execution of complex strategies - Slippage protection across chains - Real-time yield communication This represents a significant shift from exclusive institutional access to **open DeFi participation**, where anyone can deploy capital using the same strategies previously reserved for wealthy investors and connected insiders.

Scroll has launched a comprehensive Delegate Accelerator program to train the next generation of effective DAO delegates. The 7-week curriculum includes: - Interactive workshops - One-on-one mentorship with veteran delegates - Practical experience through mock voting - Skill-building through gamified challenges **Key Details:** - Application deadline: June 23rd - Program focus: DAO governance and delegation - Goal: Building the Open Economy [Apply for the program here](https://app.deform.cc/form/5e670c2f-179c-4041-a37c-037216e5b8c2/?page_number=0)