Treasuries, votes, and the rules behind them

Field reporting on how decentralized organizations actually decide, spend, and govern.

We report on what DAOs record on-chain and in public minutes: proposals, quorum figures, and treasury movements. We do not treat a governance token's price as evidence of how well a organization governs.

We trace audit histories, disclosed vulnerabilities, and how treasury contracts were patched after incidents, so readers can judge the risk for themselves.

Our analysis compares turnout against quorum thresholds across proposals, showing how many votes actually decide outcomes and where participation has stalled.

We follow how courts and regulators have treated DAO members, wrappers, and treasury holders, and what those rulings mean for organizations operating across borders.