Mar 12
Updates 3/12/22
Due Diligence Demo for Wolf Certifications
wLiti DAO’s “Wolf Certification” is offering operational due diligence, auditing, scam prevention, insurance services, and more to startup (crypto) projects. To do this, the DAO is utilizing services from or partnering up with vendors that specialize in the investigation, due diligence, cybersecurity, and KYC / AML industries. Many of us in the DAO have been dissatisfied with the work, lack of transparency, lack of useful information, etc that the vast majority of crypto auditing companies provide to their clients and those that are taking on the risk of investing into the projects that they have audited. This dissatisfaction has been a major motivator for the DAO to create its own auditing service that is extremely thorough and comprehensive by factoring in more than just the smart contract code of a project. These comprehensive audits can be used in conjunction with other DAO services, such as the insurance service. The revenue generated from these services will go to the DAO’s treasury. From the DAO’s treasury, the funds can be used for paying the DAO’s expenses, reinvesting, acquiring other assets, or paying out distributions to all of the DAO members (aka $WLD holders).
One of these vendors being Athena Intelligence, a Geneva and Shanghai based company that is made up of several former bankers, journalists, lawyers, accountants, and government employees. Athena is a global consultancy firm that specializes in due diligence, investigations, cybersecurity, and crisis management. They provide high quality intelligence and risk management services to multinationals and ultra high net worth individuals. Therefore, we have chosen them to assist with auditing and investigating.
You can view the due diligence reports that have been conducted on Crypto.com and Shiba Inu as a showcase below. If you or a project that you know may be interested in utilizing the DAO’s “Wolf Certification” services, then please contact us at wlitidao@wliti.io
https://www.slideshare.net/secret/lL2kDNhVSdNQld
Off-chain Voting
The DAO now has a space on Snapshot (Polygon). Snapshot is a decentralized voting system that many projects and DAOs use for off-chain voting. Creating proposals and voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain. To join the space and vote on proposals in the future, please visit the space at https://snapshot.org/#/wlitidao.eth
The DAO will be implementing on-chain voting for the execution of transactions in the future when the audit with Certik is finished too.
Purchasing More WLD
To purchase more WLD, please visit https://quickswap.exchange/#/swap?outputCurrency=0xa936e1f747d14fc30d08272d065c8aef4ab7f810 and use USDC, MATIC, ETH, etc to swap for it.
