Yeap, it's now a quarterly update: It's been a few months already since our last update and there are multiple news we want to share with you!

Welcome to Soroban preview 10: It's the end of July and Soroban Preview 10 is already here, it's said that with this latest preview, we won't see major changes from now on because most of the required tech is now included in Soroban…

The first legally incorporated DAO on Soroban: It's the end of the month and the biggest news is that we are officially the first legally incorporated DAO in the Soroban network, this is a big step for us because it gives legal recognition to the project and in some way, it proves that we are not joking, the goal is set and we are doing what is needed to reach it.

Between papers and lines of code: One of the "challenges" of creating a legally incorporated DAO is the paperwork, not because is something impossible to do but because of how much time we need to spend on it… But we are happy that April was the month of the paperwork and that we should soon be fully approved 🙌.

Current DAO governance models are broken and we need to look for solutions: Governance and voting are more difficult than most people believe. With DAOs, we normally see the classic model "the more shares, the more vote" which we truly believe is not the right way to do governance with DAOs… "Why not?" you might ask, so let's go into more detail in this article and explain how FxDAO proposes its governance.

Because this is the way: In our opinion decentralization is not equal to being Outlawed, being a DAO shouldn't be taken lightly because DAO participants could expose themselves to big liabilities if proper considerations are not considered by the creators of the DAO.

The start of the journey: The journey really started a few months ago when we started talking with lawyers and international advisors about our idea, we want to be different, and in order to achieve that we needed to get advice from professionals in the matter…