News
The agentic AI project’s contributors envision an AI-focused layer-1 with AI16Z as the native currency.
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Governance Token News
Governance tokens are a particular category of crypto tokens used to allocate voting powers to selected users of a blockchain project and are provided in proportion to the contribution done, either in terms of invested capital or computing power. While governance tokens can usually be traded just like any other crypto token, their core function lies in enabling their holders to participate and vote in matters pertaining to the functioning of the blockchain project, thereby determining its future course of development.
Used by decentralized autonomous organizations (DAOs) to facilitate decision-making, governance tokens have more intrinsic value than other types of native tokens for a blockchain project. These tokens can be ascribed a higher valuation considering that they provide the holders with voting rights and therefore differ from other cryptocurrencies used as mere mediums for transacting, financial speculation or as a store of value. Governance token holders together deliberate on matters such as adding new features, deciding whether hard forks are needed, or even changing the governance mechanism altogether, among other blockchain decision-making.
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DeFi firms have feared implementing “value accrual mechanisms” for their tokens under the SEC’s oversight — but that could change with president-elect Donald Trump.
1748 - News
A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.
5437 - News
Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.
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The community will now move forward with proposals supporting the development of its core protocol software.
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Snapshot X enables gasless onchain voting for DAOs using Starknet technology, advancing governance with lower costs and enhanced security.
2360 - News
The decentralized trading blockchain Vega Protocol says it expects its alpha mainnet chain to stop within the next three months.
7533 - Opinion
A group of Compound DAO members called the "Golden Boys" won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.
1629 - News
A member of the “Golden Boys” voting bloc, Humpy, appears to have accepted a new staking proposal while agreeing to rescind the controversial Proposal 289.
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Community risk assessors warned against the perceived centralization effort days before the proposal’s passage.
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Optimism also sold 116 million OP tokens in another private sale held back in September 2023.
2721 - Altcoin Watch
DEX users’ support of a fee share proposal for Uniswap appears to be backing UNI’s rally to a two-year price high.
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An analysis by Web3 firm De.Fi shows that nearly 75% of the top tokens by volume feature governance risk factors.
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The Fantom Foundation expects the changes will beef up Fantom’s security without slowing down the network.
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The investor claimed that 64% of LDO tokens are controlled by just a few venture capital firms, preventing ordinary investors from having any control over decisions.
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