Aave governance conflict widens over $10 million revenue dispute
A governance dispute within Aave has intensified over the allocation of an estimated $10 million in annual protocol revenue, sparking accusations that Aave Labs redirected...
DAO
Pyth Network creates strategic reserve allocating 33% of revenue to native buybacks
Pyth Network, a prominent blockchain oracle provider, has announced a significant restructuring in its treasury management to strengthen its market position. The organization will implement...
Magma launches on Monad mainnet with MEV-optimized liquid staking
Magma debuted on Monad’s mainnet with an MEV-optimized liquid staking protocol that allows users to convert MON into a liquid asset, gMON, and participate in...
BONK collapses through support — But what happens when the sellers run out?
BONK fell below $0.0000137 to $0.00001232 amid a surge in volume, a move that dragged retail traders and liquidated leveraged positions. This breakdown matters for...
DAOs should take the place of crypto cult leaders
DAOs must replace crypto cult leaders because they distribute governance and reduce reliance on charismatic figures. Concentration of power in a single person has caused...
Curve DAO Votes on a $21 Million CRV Grant
TL;DR Michael Egorov proposes a 21 million CRV grant to fund Swiss Stake AG, the Swiss company behind Curve. The funds will be used for...
Gyroscope Launches Yield-Generating Stablecoin to Attract DAO Treasuries
TL;DR Gyroscope’s New Stablecoin: Gyroscope has launched “Savings GYD” (sGYD), a yield-generating stablecoin backed by Galaxy, offering DAOs an annualized yield of 12%-15%. Revenue and...
Aave DAO Approves $12 Million Grant for Aave v4 Development by Aave Labs
TL;DR Aave v4 Development Grant: Aave’s governance has approved a $12 million grant for Aave Labs to develop Aave v4, a new version of the...
ZKsync Launches ZK Nation: The New Era of Community Governance on Ethereum
Key points of the news: ZKsync announces ZK Nation, a community governance system to empower token holders in protocol development. Users can actively participate in...
Exploit Leads to Significant Loss for AirDAO
TL;DR AirDAO Heist: On March 21, 2024, AirDAO reported the theft of 35.2 million AMB tokens and 125.51 ETH from its AMB/ETH Uniswap liquidity pool due...