August 6, 2019 Former Polychain/Web3 Foundation lead Ryan Zurrer releases whitepaper for a new version of The DAO, a decentralized venture capital fund.

The original DAO raised over $100 million in ETH, which was later lost through a smart contract vulnerability. Zurrer’s DAO uses a broadly similar design, but with Aragon’s governance protocol and collateral options including ETH, major ERC-20s, and Wrapped Bitcoin. The original DAO was designated a security by the SEC; Zurrer’s DAO will establish a compliance team to work with the SEC on this issue.