DeXe DAO Studioan advanced platform for creating and governing DAOs, announced a new partnership with RAK Digital Asset Oasis (RAK DAO)the world’s first free zone serving global digital asset organizations.
What is DeXe DAO Studio?
DeXe DAO Studio is an easy-to-use advanced platform for creating turnkey DAOs and governing them in a democratic, transparent and equitable manner. Projects can launch their DAOs on any chain and manage their governance tokens through a single interface. At the same time, contributors can take advantage of the organization’s platform to vote and participate in the governance of each DAO to which they belong.
What is RAK DAO?
RAK DAO is a dedicated free zone established in the Ras Al Khaimah region of the United Arab Emirates. RAK DAO is the first regulated area that specifically addresses the needs of global DAOs. On October 19, RAK DAO hosted its launch event with innovative crypto companies, a line-up of world-class industry experts, and a roster of attendees interested in discussing exciting topics covering everything related to the future of Web3 , AI and digital assets.
An oasis for decentralized autonomous organizations
Based on DeepDAO data, $15.5 billion is held in the DAO treasuries as of October 19, representing a nearly 65% year-over-year increase since 2022. With DeFi TVL currently stands at $36 billion, this also means that around 43% of the total value locked in decentralized finance dApps is stored in DAO treasuries. Additionally, 7.5 million governance token holders and 2.8 million active voters and proposal creators are currently present in the DAOs.
By combining DeXe DAO Studio’s on-chain governance solution and RAK DAO’s robust legal framework, the two partners are working together to transform the DAO industry and further accelerate its growth. Their goal is for the sector to become a niche that is transparently regulated and equipped with professional and practical tools to create and manage DAOs.
DeXe DAO Studio will act as an infrastructure provider that will support the creation of new DAO projects. To provide decentralized autonomous organizations with a path to long-term prosperity, the Studio will provide them with governance mechanisms to manage their protocols in a decentralized manner, make informed decisions based on expertise, and intelligently distribute rewards. With key features including flexible voting and quorum settings, fair rewards for participation and delegation, and the ability to create meta-governance constructs, DAOs will have access to all the tools necessary to accomplish their mission and take their projects to the next level.
At the same time, RAK DAO will provide a legal framework for the operation of the DAO. As a globally recognized jurisdiction focused on digital assets, RAK DAO also offers DAOs the opportunity to register with the Ras Al Khaimah-based Commerce and Innovation Center to benefit from a clear network and different benefits. of resources.
Launch the journey of efficient and transparent DAOs
Both organizations expect the first DAOs to register with RAK DAO and achieve decentralized governance in the coming months.
“Our partnership with RAK DAO is a crucial step in making DAOs more efficient and transparent,” said Dmytro Kotliarov, co-founder of DeXe DAO Studio and contributor to the DeXe DAO protocol. “These organizations must operate simultaneously in the Web3 industry and in the physical world. To address this challenge, DAOs can take advantage of the UX of DeXe DAO Studio for project governance, as well as the regulatory clarity of RAK DAO.
“By combining on-chain law and international law, the actions of DAOs will become enforceable in court. With RAK DAO, we make this possible, paving the way for many DAOs to operate their projects as efficient and legally compliant entities respected.”
Disclaimer: This article is for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.