Aragon

Cyfrin Audits, a leading security firm, has announced the development of improved tools for security researchers. These new tools aim to enhance the security of decentralized autonomous organizations (DAOs) by enabling more thorough audits and vulnerability assessments. The company, known for its innovative approach, is committed to fostering a collaborative environment where organizations can build and launch on-chain solutions using user-friendly technology stacks designed specifically for DAOs.

An event titled 'The State of DAO Security' is scheduled to commence at 3pm UTC on 2024-04-18. The event will feature discussions with CyfrinAudits and CertoraInc, focusing on security best practices for Decentralized Autonomous Organizations (DAOs). Attendees are invited to join the event.

The Aragon Association has provided a monthly update on its ANT Redemption Initiative. As of the update, 21.53 million ANT tokens, representing 63.3% of the outstanding supply, have been redeemed through 1,434 redemptions from both ANT v1 and v2 holders. For Binance users, ANT can be withdrawn until May 20 at 03:00 UTC. ANT holders can participate in the redemption through the official ANT Redemption Portal, and assistance is available by contacting ant@aragon.org.

Aragon has announced that key web3 infrastructure must be underpinned by decentralized governance to be truly unstoppable. A proposal has been made for all Morpho vaults to move to a trustless setup. Aragon is encouraging users to delegate their votes in the App. Recent developments include the launch of the first vaults with trustless on-chain governance on Morpho, facilitated by Aragon in collaboration with Steakhouse Finance. Steakhouse's USDC vault has integrated Aragon's stack for their timelock, moving to a fully on-chain and trustless setup with Aragon DAOs, giving Morpho depositors control over their vaults via veto rights. Aragon highlights Steakhouse's setup as the most secure and trustless vaults on Morpho, with the fastest time to activate guardians, the longest timelock, no trusted intermediaries, one UI for governance, and fully transparent actions.

The news content emphasizes the importance of decentralized infrastructure and decentralized autonomous organizations (DAOs) for ensuring trustless and secure operations in the Web3 ecosystem. It highlights the risks posed by centralized points of failure and advocates for protocols to adopt custom DAO solutions tailored to their specific needs, whether multi-body, multi-process, or multichain. The content encourages readers to explore solutions for building better together and launching organizations on-chain using user-friendly DAO technology stacks.

Aragon has introduced a new application that allows users to create delegated voting DAOs without coding experience. The Aragon App handles the necessary contracts, enabling users to launch their organizations on-chain within minutes on Polygon, Base, or Arbitrum networks. This user-friendly technology stack aims to facilitate collaborative governance of assets in a trustless manner.

SteakhouseFi now uses Aragon for secure and trustless vaults on MorphoLabs. Benefits include fast activation of guardians, long timelock, no intermediaries, single UI for governance, and transparent actions. Onchain governance is gaining popularity.

Steakhouse vaults with $30M have transitioned Guardian roles to Aragon DAOs, becoming most secure and trustless on Morpho. Depositors now control vaults with veto rights. Aragon X to include Steakhouse’s vaults in financial strategy. Incentive alignment is a key principle.

The deployment of decentralized autonomous organizations (DAOs) has become more affordable with the release of the Aragon App on Base. Previously costing around $5, the deployment fee has dropped to approximately $0.03, and voting costs less than a cent. This development, following the Dencun upgrade, makes building and running a DAO more accessible. Base encourages users to 'Build better, together' and launch organizations on-chain using their user-friendly tech stack for DAOs.

In the latest update, 20.47M ANT has been redeemed, accounting for 60.2% of the total supply. There have been 1285 redemptions from both ANT v1 and v2 holders. Binance allows ANT withdrawals until May 20 at 3:00 UTC. For assistance, contact ant@aragon.org.