**Kujira Faces Challenges, Proposes DAO for Stability**

Kujira, a decentralized finance (DeFi) platform, recently encountered significant hurdles after deploying operational funds to boost liquidity. This move led to exploits, socially engineered attacks, and market instability, resulting in rapid sell-offs.

In response, Kujira announced plans to establish a decentralized autonomous organization (DAO) called the Kujira Operational DAO. The team aims to transfer ownership of the Kujira Treasury and core protocols to the DAO, with an initial focus on reducing debt safely.

Despite the turmoil, the team reassured that 14 million native KUJI tokens remain secure. The proposal also includes migrating the Community Pool to the DAO for extended voting periods on grant requests. The roadmap for upcoming projects like BOW v2 and USK v2 will be unveiled in the coming months.