baoskee said daos.fun halted new DAO launches because the market was driven by speculation and the “degen managed hedge fund” model had structural weaknesses, while adding the team remains positive on some Solana financial gaming projects.
daos.fun founder baoskee said the platform stopped launching new DAOs on April 21, citing a speculation-driven market and structural flaws in the “degen managed hedge fund” model. He said the team did not observe insider trading or token sniping during its operations. While explaining the halt in new DAO products, baoskee added that he remains optimistic about Solana financial gaming projects including pumpcade and megapot.