In this week’s edition:
Editorial: animal spirits, murmurs of Polkadot governance adjustments, and July’s content have seen some notable improvement.
Top Story - OpenGov Revolution: how it’s been going in the world’s largest DAO and will we see adjustments coming soon?
Featured Report - July’s WAG Supply: recapping last month’s standout content through WagMedia.
Wag Roundup: news from our Finders Program between August 5th to August 11th.
Extras: credits and anything else worth a mention.
Editorial
What is up, my friends!
Animal spirits have been stirring. Following last week’s liberation day-esque blip, momentum with Ethereum and ETH treasury plays has some talking alt season. Not to confuse matters, there are those who remain wary of the signals. Then there are those taking liberty with alts, or circling the arc.
Meanwhile, the infrastructure on Polkadot has also been stirring, with more developments expected to follow. Things are stepping up, and this week’s Top Story catches up with the revolution that is OpenGov. Recent murmurs of adjustment are perhaps what’s needed to tame the relentless toll on the community of the world’s largest DAO.
We finally get round to recapping last month’s standout content by WagMedia’s creator economy in our Featured Report. There’s certainly been some decent effort from the community to make some adjustments. For those needing to find an alternative from yapping, you could try wagging.
Wrapping up the weekly musing, while edition 111 is not typically considered a milestone, you can be assured that our coverage remains DOT Dot dot!
Dodow, Chief Editor
Top Story of the Week - OpenGov Revolution
Written by yay.oi
What’s up, shakers? It seems that crypto-economic reform was just the appetizer, as the world’s largest DAO is back in the kitchen. OpenGov is on the menu, and if all goes according to the recipe, we could be in for a serious stir-up.
As covered in Wag is OpenGov, it was not that long ago that Polkadot governance underwent a serious upgrade. The original system, Gov1, was a foundation, but the wider community was hungry for more responsibility.
The overhaul removed the more centralized Council, putting treasury spending in the hands of the public, opening up a wave of referenda, and prompting spirited debate about some big spends. Fast forward to 2025, a new trend of conservative spending has emerged, with Decentralized Voices (DV) delegates holding the balance as fatigue hits the smaller voters.
This isn’t the end of the story. As DOT is DAO laid out, ecosystem agents have been hustling to shape a clear, unified vision for the future, forging a larger and more powerful force for Polkadot's growth.
Now, a fresh initiative is proposing a series of adjustments to OpenGov. It aims to cut voter fatigue, raise proposal quality, and set the stage for more accountable, domain-driven spending.
Open for voting now on the Wish for Change track, the proposed adjustments would reduce the number of active proposals, ensuring only well-supported, high-quality proposals reach the floor. The longer game focuses on moving the majority of spending into bounties and collectives with clearly defined budgets in each domain..………………
Continue with this week’s top story: OpenGov Revolution.
Featured Report - July’s WAG Supply
Written by Dodow
It appears that some in the WagMedia creator’s economy have taken on board Fine-June Content, as there has been a noticeable improvement. During July, along with regular submissions and non-Anglo content, there was also the OpenGuild Bounty, which saw several waggers earn decent rewards.
Jesse, in particular, has been embracing the feedback and did quite well, with the Proof of Personhood thread gaining strong impressions and a monthly WM creator high of 45 DOT. Surprisingly, the piece was even liked by the Cardano Foundation.
Providing perspectives on ecosystem narratives was also something Jesse managed to pull off on topics such as Polkadot token supply and JAM, which received 17 and 18 DOT respectively. A further 17.5 DOT was rewarded for a guide showing how to set up a phone as a mini-cloud to earn rewards with Acurast.
Also exploring the topic of DOT tokenomics was Coco, who questioned why Polkadot has inflation. Likewise, when positioning Polkadot in Africa, Eli asked why the continent holds untapped Web3 potential. They received 20 DOT and 15 DOT respectively.
The month also saw hot moments amplified with timely content. Ravi highlighted Polkadot hitting 1 million active accounts in an infographic and earned 25 DOT. And towards the end of the month, 20 DOT went to Lily, who used a combination of text and an infographic to welcome the new era of Ethereum-compatible dApp development.
When it comes to moments, LV has been seizing them with live streams that also serve as a way of providing tips to fellow waggers focused on video content. Check out his clip covering Hydration TVL and listings, which earned him 23 DOT..………………
Continue with this week’s featured story: July’s WAG Supply.
Wag Roundup
Written by yay.oi
News found by the community. Curated by the community. Backed by OpenGov.
Birdo revealed in the July update for the Polkadot App that it has received approval on the Apple and Google stores. It is expected to be ready for launch after the audit of an additional piece of code.
Moonbeam multi-chain swaps on Squidrouter just got a much-needed liquidity boost thanks to the integration of Stellaswap V4 pools. Users can benefit from fee-free, low-slippage, and fast swaps across numerous chains.
Stellaswap has now hit the milestone of $50K protocol revenue distributed to voters since the launch of the veSTELLA.
With all gas fees still burning, Mythical has now reduced a total of 5.5M MYTH to ashes.
The Mythical Ambassador Program is now live. Top content creators will be spotlighted on socials and receive monthly and quarterly incentives of MYTH and game NFTs.
To help the pengus beat the heat this summer, Pudgy Party has paired up with ICEE to bring some refreshing collaborative in-game drops.
Scytale has launched the FIFA Rivals Gaffer contest on X. Follow them, share the tweet, and reply with your best club management advice for a chance to share in a 1000 MYTH prize pool.
As the sun sets for Koda, from the dusk, chaos rises. Introducing Chaotic, Koda's next evolution, with a streamlined codebase, expanded team, and plenty of new features in the works.
Taking community feedback on board, Snowfork has submitted Referendum 1695, its third attempt to secure ongoing funding for completed milestones and future Snowbridge development. They are now requesting the majority of funds (2.44M USDC) in stablecoins, an additional cancelable milestone payment (116K DOT) would be scheduled for August 2026.
Round 2 of the Hydration Boost Wars was open for voting this week. The candidates were GIGAETH, SOL, and DOT.
And the winner is... Solana! Following Referendum 150, a GIGAHydration boosted farm for SOL will run for three weeks with a maximum APR of 222%.
Seraya (Web3 Foundation) appeared on a panel at ETH VIETNAM on August 10th to discuss the evolution of the Web3 startup system.
Full Wag Roundup August 5th to August 11th.
Extras
Dynamite cover art by SKULLZ.
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