The airdrop will account for 7.5% of the total OBOL supply. There are “three main buckets” of recipients, Thomas Heremans said.
Multichain Capital partners Tushar Jain and Vishal Kankani introduced a proposal to address the inflation of Solana’s native crypto, SOL. The goal is to use a market-driven mechanism to adjust Solana’s emissions dynamically, moving away from the network’s current fixed-rate issuance model. Solana’s existing emissions mechanism, established in 2021, follows a rigid, time-based schedule that […]
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The Polygon community has decided against a proposal to deploy $1.3 billion in stablecoins from its Proof of Stake (PoS) bridge into yield-generating programs on Morpho, an Ethereum-based DeFi platform. The announcement, made on Dec. 17 through Polygon’s official social media account, highlighted concerns raised by users regarding the lack of a consent mechanism and […]
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The Cardano Foundation has addressed the mounting concerns and criticism over its role within the blockchain network’s ecosystem. Over the past weeks, the Foundation has faced increased criticism for alleged internal conflicts and claims of sidelining key contributors, including Cardano’s founder, Charles Hoskinson. Concerns also emerged regarding its role in Catalyst Fund 13, where it […]
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The Cardano Foundation (CF) has regained control of its official X account after it was compromised in a hacking incident. The breach, which occurred on Dec. 8, saw the account misused to promote a fraudulent ADASOL token. The attackers also spread fabricated claims about the Foundation, claiming the organization faced legal action from the US […]
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Decentralized exchange aggregator Jupiter’s governance has approved a proposal to airdrop $860 million worth of JUP tokens to community voters called Jupuary. The proposal, spearheaded by Jupiter founder Meow, aims at incentivizing long-term participation. It lays out a detailed roadmap for the airdrop, emphasizing unity within the community. Meow highlighted the importance of collective decision-making. […]
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Meta's Mark Zuckerberg Could Teach DAOs Like Compound a Governance Lesson
The Ethena Foundation announced on Nov. 15 that the risk committee approved Wintermute’s proposal to overhaul revenue sharing for the Ethena protocol. The changes, aimed at benefiting staked ENA (sENA) holders, are expected to take effect by the end of November, pending the finalization of implementation details. Wintermute, a prominent market maker and Ethena backer, […]
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Just four MKR whales constituted 98% of the voting power in favor of sticking with the Sky rebrand.
Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back […]
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An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token.
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen.
The plan would create markets for DAI-replacement USDS on Aave.
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors.
Solana validators voted to allocate 100% of priority fees to themselves on May 27, ending the previous 50/50 split between burning fees and rewarding validators. The proposal, known as SIMD-0096, passed with 77% approval. It aims to address perceived flaws in the current system and align incentives for network security and efficiency. The change in […]
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Aave Labs has released its strategic roadmap for 2030 that introduces several key initiatives, including the launch of Aave V4, a new visual identity, and expanded DeFi functionalities. The “Temp Check” proposal aims to gather the Aave community’s feedback on the proposed enhancements to advance the Aave protocol. Aave V4 At the heart of the […]
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Scott Sunshine discusses how advisors can leverage blockchain-based governance to enhance trust, improve accountability, streamline operations and unlock new investment opportunities for their clients.
The activist's new book "Governable Spaces" explores ways blockchains can help people experiment with self-governance online.
Uniswap's UNI gained 20% as a governance proposal to distribute protocol revenues among token holders gets overwhelming support in a temperature check before voting.
The upgrade would reward UNI token holders who staked and delegated their tokens, according to the proposal.
A new, non-standard token standard called ERC-404 circumvented the usual token approval process and is capitalizing on a term with an actual definition.
Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol.
The low-latency oracle network's new "strategic partners" include Castle Island Ventures, Multicoin Capital and Wintermute Ventures. They could play a major role in shaping how the platform evolves.
David Hoffman, cofounder, responds to criticism surrounding the media brand’s DAO. Should he have been more hands-on?