（来源：吴说） 吴说获悉，Aave DAO 发布 ARFC 提案《Focussing the Aave V3 Multichain Strategy – Phase 1》，由 ACI 提出，拟作为此前 TEMP CHECK 通过后的延续措施，对 Aave V3 的多链部署进行收缩管理，第一阶段 计划冻结 zkSync、Metis 和 Soneium 三个网络的 Aave V3 实例，理由是相关部署长期使用率、TVL 与 收入贡献较低，但仍持续消耗治理与运维资源并带来风险敞口；同时，提案提出未来任何新的 Aave V3 部署需由目标链承诺每年至少 200 万美元的收入底线，以确保部署成本、风险与收益相匹配。 ...

（来源：吴说） 在这一期节目中，dao5 创始人 Tekin Salimi 讨论了他从传统加密风险投资转向构建 dao5（一个去中心 化自治组织）的过程。他回顾了加密行业的挑战与机遇，分享了关于 DAO、风险投资以及区块链与人 工智能交汇点的见解，探讨了 2024 年市场变化后加密生态系统的演变。 Tekin Salimi 讲述了从 Polychain Capital 到 2022 年创立 dao5 的经历，并重点介绍了他在 dao5 中所采取 的独特投资基金模式，强调了适应性的重要性。他在 dao5 中的做法与传统风险投资不同，特别是在去 中心化框架下优先关注人和社区的构建。Tekin 深入探讨了替代币市场、代币分配以及风险投资向去中 心化转型的趋势。他还重点介绍了 dao5 未来的治理模式，决策将逐步去中心化，但最初会有一个强有 力的领导核心。讨论中还提到了当前的迷因币挑战、机构化采纳以及 DAO 模型如何解决加密行业中的 流动性、激励和治理问题。最后，他分享了关于去中心化人工智能与加密整合的长期潜力的思考。 嘉宾个人观点不代表吴说观点，本文不构成任何投资建议，请读者严格遵守所在地法律法规。 音频转录由 ...

据 Foresight News，Vitalik Buterin 在清迈接受专访时表示，尽管过去一年以太坊在扩容、zkEVM 及钱 包等基础设施层面取得了显著进展，但他在应用层面看到了越来越多的隐忧。早期围绕 DAO 和去中心 化协作的多元愿景正在被逐渐遗忘。这几年 Memecoin 的爆火，最典型的例子就是 2025 年初，连特朗 普都亲自下场发了 Meme 币。但我觉得，当他贪婪地发行第二个代币 MELANIA 的时候，他的第一个 币 TRUMP 其实就已经宣告死亡了。 （来源：吴说） ...

Core Insights - The article discusses the significant developments in the Hong Kong capital market, highlighting its resurgence as a global IPO leader in 2025, with a total fundraising amount exceeding 280 billion HKD, led by CATL's record IPO of 41 billion HKD [3][12]. Group 1: Hong Kong IPO Market - In 2025, Hong Kong's IPO market saw over 110 listings, raising more than 280 billion HKD, reclaiming its position as the top global IPO fundraising market [12]. - The average daily trading volume in the spot market exceeded 230 billion HKD, marking a 43% year-on-year increase and setting a historical high, showcasing Hong Kong's vitality as an international financial center [3][12]. Group 2: Digital Asset Development - On June 26, 2025, Hong Kong released the "Hong Kong Digital Asset Development Policy Declaration 2.0," aimed at optimizing legal and regulatory frameworks, expanding tokenized product categories, and promoting cross-industry collaboration [13]. - The declaration signifies a shift from regulatory framework construction to deep ecological integration, with the goal of establishing Hong Kong as a trusted, innovation-driven global digital asset hub [13]. - On May 21, 2025, the Hong Kong Legislative Council passed the "Stablecoin Ordinance," which took effect on August 1, making Hong Kong one of the first jurisdictions to establish a comprehensive regulatory framework for stablecoins [14]. Group 3: Future Outlook - The company aims to leverage Hong Kong's unique advantages in financial innovation, focusing on "Web 3.0 and digital asset investment" as a strategic direction for growth [14]. - Plans are in place to build a "Shanghai + Hong Kong" operational network, embracing "Web 3.0" and deepening the "DAO" organizational industry chain, with a vision for sustainable growth over the next 40 years [15].

Core Insights - Web3 is transitioning from a conceptual phase to practical applications, with significant developments expected by 2025, including the implementation of Ethereum's ETHGas mechanism and the management of over $50 billion in assets by global DAOs [1][3]. Group 1: Technological Foundations - Blockchain serves as the backbone of Web3, providing a decentralized trust ledger that eliminates the need for third-party trust through a consensus mechanism [4][5]. - The evolution of blockchain technology has progressed from single chains to multi-chain collaborations, enhancing transaction speeds and enabling asset pricing through the ETHGas mechanism [5]. - Cryptoeconomics acts as the driving force of the ecosystem, incentivizing decentralized operations and governance through designed mechanisms [6]. - Key technological advancements in Web3 focus on privacy protection and self-sovereign identity, with zero-knowledge proofs (ZKP) enabling verification without data disclosure [7]. Group 2: Core Characteristics - Web3 fundamentally shifts data ownership from platforms to users, allowing individuals to control their data through private keys [8][9]. - The value distribution mechanism in Web3 promotes direct compensation for user contributions, moving away from platform monopolization [10]. - Governance in Web3 is decentralized, with DAOs allowing community-driven decision-making through on-chain voting [11]. - The composability of Web3 applications enables innovative combinations of existing protocols, fostering rapid ecosystem growth [12]. Group 3: Ecosystem Applications - Decentralized Finance (DeFi) has emerged as a leading application of Web3, providing financial services without intermediaries and evolving into practical financial tools by 2025 [13][14]. - Non-Fungible Tokens (NFTs) are redefining ownership in digital and physical assets, transitioning from digital art to practical applications across various sectors [15]. - DAOs represent a revolutionary organizational form, facilitating transparent community governance and collaborative decision-making [16]. Group 4: Future Challenges - Web3 faces technical challenges related to scalability and security, with ongoing issues such as smart contract vulnerabilities and the need for improved network performance [17][18]. - Regulatory challenges arise from the inherent conflicts between Web3's decentralized nature and traditional regulatory frameworks, leading to varying global responses [19]. - The application of Web3 technologies remains limited by high user entry barriers and a lack of genuine demand, necessitating the development of user-friendly applications [20].

👀✍️Hasu⚡️🤖 (@hasufl):@GeorgeYourself Lido has no equity-token mismatch and never had:- DAO controls all revenue + treasury, from which pool maintainer cos are paid- all maintainer cos are non-profit foundations and their boards are in addition legally controlled by token vote- IP/frontends belong to DAO as well ...

RT MetaDAO (@MetaDAOProject)Just launch your business on @solana instead. https://t.co/hAevWvPrtK ...

Aave founder charts 'master plan' to trillion-dollar scale as DAO tensions mount, SEC ends 4-year probe https://t.co/5KBAGqCtKj ...

AAVE token holder proposes 'poison pill' for DAO to absorb Aave Labs amid contentious revenue debate https://t.co/yOfPkRJPvs ...

aave labs diverts $200k weekly from cow swap fees plus undisclosed horizon rwa revenues from the dao treasury. token trades 21x earnings but actual p/e is 63-81x after accounting for labs revenue capture. $2.85b market cap prices dao control that doesn't exist. stani buying $10m worth doesn't change the math ...