Dear PermaDAO Community Members:

Last week, the Arweave ecosystem attracted widespread attention in the Web3 market, with the launch of ArFleet, a temporary storage solution, and the participation of stablecoin DAI in AO token minting...... Arweave and AO are about to usher in another ecological explosion frenzy, and PermaDAO contributors have been committed to enhancing Arweave's influence in the Web3 Chinese world! PermaDAO has launched a series of activities such as weekly ecological hotspot review, content guild reform briefing, etc., and more exciting content is in this weekly report!

Author: Lemon

Translator: Lemon

Reviewer: Marshal Orange

Source: Content Guild - Translation

Last week, a total of 126 active contributors participated in PermaDAO. The work data completed by each guild are as follows:

Last Week's Incentive Distribution Ranking for Each Guild and Group:

Last week, PermaDAO distributed a total of  136.1 $AR to our dedicated contributors, amounting to approximately 3,062.7845  USD. Additionally, 6,046.19 $BP was distributed.

Workload Overview

1. Roundtable Discussion: Arweae/AO Weekly Ecosystem Hotspots Review #10

The 10th roundtable review meeting was held last Tuesday evening, where PermaDAO core contributors Lawrence and Orange shared last week's ecological hotspots and project opportunities. This included:

Event Recap: https://permadao.notion.site/44fcdf4738964ac99ad61d39ff7e5b47?p=912ef9fc80684670b75c3c216ee07c7f&pm=s

2. PermaDAO Content Guild Reform Briefing

Last Wednesday evening, Teacher Middle provided us with a preliminary interpretation of the upcoming significant adjustments to the reform plan for the content guild. This included:

Event Recap:https://permadao.notion.site/44fcdf4738964ac99ad61d39ff7e5b47?p=99a7d4c7e0f74cb2ad6c780bc7d7fcff&pm=s

3. Interesting stories about the development of Arweave

Last Thursday evening, Mr. Leon, an old friend from PermaDAO, introduced us to the background and development process of Arweave, as well as interesting anecdotes about the community during the development process, and also introduced the differences between Arweave, IPFS, Storj and other projects in the storage sector.

Event Replay:https://permadao.notion.site/44fcdf4738964ac99ad61d39ff7e5b47?p=b6854f5269ba45e1b66e7bd16340cbe1&pm=s

News Express

$DAI is now eligible for $AO minting! Reward Mechanism Launches on September 4

AO's official announcement supports users in bridging their $DAI assets to the AO network to participate in minting and earn $AO tokens, marking the first stablecoin asset to join the minting process. The total supply of $AO tokens is fixed at 21 million, designed with a halving mechanism similar to Bitcoin, and currently, only 8.2% has been minted.The $DAI reward mechanism will commence on September 4, 2024, at 11 AM Eastern Time, with plans to support $USDS backed by real-world assets in the future.

Bridge $DAI Link: https://ao.arweave.net/#/mint

Article Link: https://www.notion.so/permadao/DAI-is-now-eligible-for-AO-minting-Reward-Mechanism-Launches-on-September-4-902ff81ad9ef44298071ce7aae934c71?pvs=4

Upcoming Events

PermaDAO's next week's events are as follows, so stay tuned!

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Disclaimer: This article does not represent the views of PermaDAO. PermaDAO does not provide investment advice or endorse any projects. Readers should comply with their country's laws when engaging in Web3 activities.

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