ChainCatcher news, according to Unchained, over four months ago, the Arbitrum DAO authorized the allocation of 225 million ARB for the "Game Catalyst Program" (GCP). However, due to a lack of transparency and accountability mechanisms, community members have raised concerns.Arbitrum community member Joseph Schiarizzi (@CupoJoseph) has posted a governance proposal suggesting that 220 million ARB in the GCP multi-signature wallet be returned to the Arbitrum DAO treasury.The proposal points out that the GCP council has not fulfilled its responsibilities, delaying several oversight and transparency commitments made in the initial proposal. On-chain data shows that 1.35 million ARB have already been transferred out of the GCP multi-signature wallet, leaving 223.65 million ARB remaining. If the proposal passes, GCP will retain only about 2 million dollars in funds to continue operations until it can prove that more funding is needed.Schiarizzi stated that his proposal may not pass, but its purpose is to introduce a certain level of accountability for the 120 million ARB tokens supporting GCP. He said, "I believe this will encourage the relevant parties to release updates more quickly."

According to ChainCatcher news, as reported by Bitcoin.com News, the latest data shows that the total value of decentralized autonomous organization (DAO) treasuries has decreased from $37 billion at the end of March to $24.5 billion in October, a shrinkage of $12.6 billion over six months.Currently, the top five DAOs by treasury value are: Optimism ($3.8 billion), Uniswap ($2.9 billion), Mantle ($2.7 billion), Arbitrum ($2.4 billion), and GnosisDAO ($1.7 billion). These treasuries are primarily composed of their respective governance tokens, mainstream cryptocurrencies, and stablecoins.

ChainCatcher news, DeFi protocol Abracadabra.Money (MIM_Spell) has stated that it is aware of a protocol vulnerability issue, and the engineering team is investigating. The DAO treasury will repurchase MIM from the market and then burn it.According to previous reports, PeckShield monitored that the DeFi protocol Abracadabra.Money (MIM_Spell) was attacked by hackers, resulting in a loss of 6.49 million dollars.

ChainCatcher news, the decentralized trading platform Trader Joe officially stated that based on recent feedback received from the Arbitrum representative office, its application for ARB funding from the Arbitrum DAO treasury has been reduced from 1.83 million to 1.51 million ARB, which will be used to enhance spot liquidity and trading efficiency, promote the development of the Arbitrum ecosystem, and attract more users to join the Arbitrum ecosystem.

ChainCatcher news, according to Twitter user Yu Jin's monitoring, the Arbitrum airdrop has been claimed at block 18208000 on Ethereum. Ten minutes ago, 69,448,385 unclaimed ARB (approximately 56.54 million USD) has been transferred from the airdrop contract to the DAO treasury.According to ChainCatcher previous report, Arbitrum will stop ARB airdrop claims at block 18208000 (expected on September 24), after which all unclaimed ARB tokens will be sent to the DAO treasury.

ChainCatcher message, Arbitrum reminds that the ARB airdrop claim will stop at block 18208000 (expected on September 24). After this, all unclaimed ARB tokens will be sent to the DAO treasury.

ChainCatcher message, according to information from the Web3 community NounsDAO official website, NounsDAO has launched a fork page, allowing community members who support the fork to choose to join the fork and split the DAO treasury. The time window for supporting the fork is one week. After the window period ends, if 20% of Nouns NFTs support this fork, the supporters will be separated from the main NounsDAO and will split a corresponding proportion of ETH from the project's treasury.

ChainCatcher message, the Snapshot page shows that the proposal from the Frax Finance community regarding "using community treasury funds to purchase CRV" has been voted through.The proposal states that Frax Finance will use 1 million FRAX from the FRAX DAO treasury to purchase CRV from the Curve founders via OTC. The treasury will not sell these CRV tokens but will instead stake them in veCRV (through Frax's whitelisted locking contract) or cvxCRV, in order to promote Frax's development within the Curve ecosystem.

ChainCatcher news, AzukiDAO announced that it has closed the application window for governance tokens and plans to propose transferring all tokens to the DAO treasury, after which multi-signature contributors will be selected from the community.Previously, the governance token contract of AzukiDAO was attacked due to a vulnerability, with two attackers profiting 35 ETH from the exploit. (Source link)

ChainCatcher message, a proposal from the Mantle community requests Mantle to allocate 40,000 ETH (approximately 72 million USD) from the BitDAO treasury to Lido stETH, and then use the allocated stETH to bootstrap DEX liquidity and integration across Mantle, as well as establish the first 12-month revenue-sharing agreement between BitDAO and Lido DAO. Additionally, it is proposed to include Mantle in Lido's bridging program for seamless stETH bridging with Mantle, and to collaboratively develop a no-Gas bridge for Mantle users powered by stETH. (source link)

ChainCatcher message, MakerDAO reminds that according to the recently passed execution vote, LINK-A, MATIC-A, YFI-A, and UNIV2USDCETH-A vault types will be offline in the Maker protocol on May 22, 2023, at 22:00. Users are advised to fully repay their DAI debts and close LINK-A, MATIC-A, YFI-A, or UNIV2USDCETH-A vaults before this deployment. (Source link)

ChainCatcher news, the decentralized universal domain name protocol [SPACE ID](https://www.rootdata.com/zh/Projects/detail/SPACE ID?k=MjM0MQ==) has announced the establishment of a DAO Treasury, which will implement a token buyback and burn mechanism. The platform's revenue will include all registration earnings accumulated since the TGE date and will be executed quarterly moving forward.Specifically, 50% of the total net income generated by the SPACE ID platform (including revenue from domain name registrations, renewals, gift card purchases, and SPACE ID marketplace fees) will be used to buy and burn $ID tokens. The remaining 50% of the total net income will be added to the DAO Treasury, which will hold it in stablecoins and be managed by all eligible $ID token holders.It is reported that the SPACE ID DAO is a community-driven platform, and the application deadline for governance delegates is April 28, 2023, at 22:00 Beijing time. (Source link)

According to ChainCatcher's message, the governance proposal to "return 700 million ARB to the DAO treasury" on Arbitrum failed to pass the vote, as per snapshot data. This proposal aimed to return the 700 million ARB that was unfairly allocated to the foundation. A total of 118 million ARB votes were cast against it, accounting for 84.01% of the total votes. (source link)

ChainCatcher news, the Arbitrum community has initiated a temperature check vote on the AIP 1.05 proposal on snapshot, proposing that the Arbitrum Foundation returns 700 million ARB to the DAO treasury. The voting will end on April 15, and currently, 83.35% of the votes are against.Previous report, the Arbitrum Foundation has submitted two new proposals aimed at limiting its own power and expanding the budget oversight and governance power of ARB token holders. (Source link)

ChainCatcher news, the Arbitrum community has initiated a temperature check vote for AIP 1.05 proposal, which suggests that the Arbitrum Foundation return 700 million ARB to the DAO treasury. The voting will end on April 15, and there are currently 16 million votes in support (approximately 88.12%).Previously, ChainCatcher reported that the Arbitrum Foundation has submitted two new proposals aimed at limiting its own power and expanding the budget oversight and governance power of ARB token holders. (Source link)

According to ChainCatcher news, monitored by Twitter user Ember, during the period from November to December 2021, at least 7 institutions that invested by purchasing SSV DAO treasury SSV tokens have transferred out or sold part of their SSV tokens, including stakewith.us, Amber Group, NGC Ventures, Lead Capital, InfStones, DSRV, and Shard Labs. (source link)

ChainCatcher news, according to The Block, the lending protocol Solend on Solana has accumulated $6 million in bad debt after the price of Solana (SOL) plummeted significantly (about 50% drop in the past three days).Solend stated that liquidations will continue gradually, and the Solend DAO treasury will cover the bad debt. Data from SolanaFM shows that the total asset value of the treasury address is approximately $33 million. (source link)