On November 25th, Bankless co-founder Ryan Sean Adams clarified on X platform that people were uneasy about BanklessDAO's proposal to request ARB funding from Arbitrum, and that BanklessDAO and Bankless were being confused. However, BanklessDAO is a completely independent entity from Bankless, and neither it nor the other co-founder David Hoffman have received any economic benefits from the DAO, nor have they sold BANK tokens or participated in DAO governance voting. They and David allow the DAO and those who share the values of Bankless to freely use the brand, but to avoid damaging the reputation of Bankless, BanklessDAO has been renamed UdiDAO. Previously, BanklessDAO had applied to Arbitrum for 1.82 million ARB to carry out a 12-month campaign to help guide users from awareness to expertise and further promote adoption.