DAO Maker (DAO)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• Should not be confused with MakerDAO.
• From this article (19-7-2019):

"DAO Maker is a platform composed of Social Mining operations as well as services to help projects grow. DAO Maker will help projects with their token economy and token metrics as they are really important aspects of a tokenized project."

Audits & Exploits

• Bug bounty program can be found [insert here].
• From Rekt (14-10-2022):

"DAO Maker, after getting rekt for $7M and then $4M last year, proposed a compensation plan to the affected users.

The plan was made up of a partial USDC airdrop alongside a refund token, USDR, redeemable for 110% of its dollar value (in the project’s native token, DAO) a year later.

Concerned DAO Maker users contacted rekt.news wishing to draw attention to what they claim is an attempt by the team to use their protocol governance to halt the refund process. In the year since the publication of the compensation plan, it appears the team have had a change of heart.

The plan was deleted from Medium, but the key points can be seen in this thread from CEO Chris Zaknun."

• From Rekt (6-9-2021):

"Less than a month ago they lost $7M. Now they’ve lost another $4M. DAOMaker’s init() function was left vulnerable, allowing the attacker to reinitialise 4 token contracts with malicious data. Then, the emergencyExit() function was used to withdraw the funds from each. The DAO Maker source code is not public. Was it exposed to an outsider, or is there an insider who should not be trusted?

DaoMaker claimed that they had audits from 3 firms but looking at learn.daomaker.com/audits, 2 of the audits seem to be for unrelated contracts while the third one from @certik_io points to a dead link."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• Full team can be found [here].

Funding

• Orion Money; took part in the Private Farming raise of $70M TVL (12-8-2021).

Partners

• Is mentioned as a partner on the GateToken website (22-10-2021).

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