News
Pendle will begin to slowly phase out its governance token vePENDLE and replace it with sPENDLE this month, offering a more flexible model it hopes will boost adoption.
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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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Approved with 99.89% support, the proposal updates issuance and buyback parameters that govern how INJ is removed from circulation over time.
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Ethereum co-founder Vitalik Buterin says DAOs must move beyond simple token-voting treasuries and be redesigned to power core infrastructure like oracles and onchain courts.
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Zcash developer activity has fallen to its lowest level since 2021 as a governance dispute weighs on sentiment and ZEC extends a two-month decline.
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A new plan would tie OP token value to network performance by using half of all Superchain fee revenue for systematic repurchases.
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Stani Kulechov's comments followed an uproar in the Aave community about the relationship between the Aave decentralized autonomous organization and Aave Labs.
4629 - Newsletter
Cryptocurrency markets experienced a modest recovery this week, but spot Bitcoin ETFs extended a five-day losing streak amid thin year-end liquidity.
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The failed vote highlights deeper tensions over token value capture, governance power and whether DAO structures can effectively manage protocol identity.
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Aave founder Stani Kulechov is facing criticism after a $10 million AAVE purchase ahead of a key DAO vote, as critics raise concerns over voting power concentration.
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Critics say the decision to fast-track a brand ownership vote exposed weaknesses in how one of DeFi’s largest DAOs handles governance process.
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Solana Mobile says its SKR token, tied to its Seeker phone, will launch early next year, with a total supply of 10 billion tokens.
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Sonic Labs’ strategic shift aims to bring “measurable, lasting value” for builders, validators and S token holders through upgraded fees, token burns and institutional partnerships.
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The Uniswap token rose over 38% after the introduction of a protocol fee switch and burning mechanism that could strengthen UNI.
3717 - Opinion
Tokenomics favor speed over conviction, using genuine supporters as exit liquidity. Crypto’s mainstream future requires replacing extraction with participation incentives.
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ZKsync co-creator Alex Gluchowski has proposed to shift the project’s governance token to one with “economic utility” and value capture.
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