UNISWAP’S DAO POISED TO TRY ITS HAND AT VENTURE CAPITAL

Summary from the TLDR Crypto newsletter

After a community vote approving the action, Uniswap's DAO is exploring venture capital investing by potentially using part of its $1.7 billion treasury to acquire a 20% stake in Ekubo Protocol's governance tokens for $12 million. The investment in Ekubo, an AMM on Starknet founded by a former Uniswap engineer, signals a shift towards active treasury utilization by large DAOs, traditionally challenged by asset liquidation issues and issues with decision-making.