On November 25th, encrypted KOL Cobie replied to Bankless co-founder Ryan Sean Adams on X platform, asking what is the point of proposing a request for 30% of all BANK tokens if you clearly do not participate in governance and never sell tokens? In response, Ryan Sean Adams stated that he could not reply because Cobie did not accept his follow. When replying to Bankless co-founder David Hoffman, Cobie stated that it is clear that you are happy to own a DAO and want to participate. But later, you think about the impact, or maybe the price has dropped, and you want to keep your distance. If you never sell or manage, there is no reason to want 25% of the supply.

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.

BanklessDAO has requested a grant of 1.82 million ARB from Arbitrum to carry out a 12-month long campaign. These funds will help the organization guide users from awareness to expertise, further promoting adoption. The campaign will focus on three core audiences: developers, DeFi enthusiasts, and gamers.