The Chainalysis State of Web3 Report

Only 17.9% of DAO treasury funds came from centralized services, while the remaining 82.1% originated at decentralized services. This suggests that most DAO contributors also engage with DeFi platforms and likely self-host their cryptocurrency.

Currently, even some of the largest protocols are unable to generate enough revenue to cover operational expenses (audits, salaries/payments to contributors, marketing, etc.). Yearn, for instance, operates at a loss even after accounting for non-operating income from yield farming. As such, retaining protocol revenue alone is likely to be insuffici... See more

Collective asset management DAOs are seeded with some initial capital in the form of governance tokens and assets used to buy governance tokens. The initial treasury of a DAO consists of 500 governance tokens and 100 ETH if it mints 1,000 governance tokens and sells 500 for 100 ETH to genesis members. When a DAO grows in terms of users or cash flow... See more

According to analytics from DeepDAO , the total value locked in DAO treasuries is estimated to be around $10 billion at the time of writing. There are about 18 DAOs with over $100 million in their treasuries. The number of people with memberships in DAOs (governance token holders) surged past a million and keeps on growing. A combined total of over... See more

DAO treasuries are typically thought to be transparent. But if you need to spend several hours digging through Etherscan, Discourse forums, and voting tools to get a summary of the treasury’s activities, is the transparency useful?