Governance


Tech

‘Most important tokenholder rights debate’: Aave faces identity crisis

The Aave community has become sharply divided over control of the protocol’s brand and related assets, intensifying an ongoing dispute over the relationship between the DAO and Aave Labs.

person casting votes

Markets

Aave slides as community debates over who controls the brand

A dispute over who controls Aave’s brand and online assets has moved to a vote, sending the token sharply lower.

Stylized AAVE logo (CoinDesk)

Finance

Foundation behind restaking protocol EigenLayer plans bigger rewards for active users

An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.

EigenLayer CEO Sreeram Kannan (University of Michigan, modified by CoinDesk)

Markets

World Liberty Financial proposes using treasury funds to boost USD1 stablecoin growth

The team argues that targeted incentives are needed to sustain that momentum in what it described as an increasingly crowded stablecoin landscape.

World Liberty Financial leadership team

Tech

dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue

The new proposal, which 59.38% of the community approved, charts a course to raise the buy-back allocation up from 25% of net protocol fees.

person casting votes

Finance

Curve Finance Pitches Yield Basis, a $60M Plan to Turn CRV Into an Income Asset

A Curve DAO proposal seeks to introduce Yield Basis, a protocol with a $60 million stablecoin mint that offers direct rewards to veCRV token holders.

Fee flow in Curve pools used in Yield Basis (CRV Governance Forum)

Markets

Hyperliquid Faces Community Pushback Against Stripe-Linked USDH Proposal

Paxos, Frax and Agora are competing for Hyperliquid’s USDH stablecoin contract as MoonPay backs Agora CEO Nick van Eck’s coalition and concerns mount over Stripe’s potential conflicts of interest.

Hyperliquid faces community pushback against Stripe-linked stablecoin proposal. (Getty Images/iStockphoto)

Finance

Sonic Community Approves $150M Token Issuance for U.S. ETF Push, Nasdaq Vehicle

Sonic Labs pitched the proposal as a necessary break from its “2018 tokenomics,” which involved Fantom giving away most of its supply to the community.

A women drops her vote into a wooden box.

Tech

Cardano Community Approves $70M Core Dev Budget, Boosting ADA Prospects

Proposed technical implementations are designed to lead to increased developer activity and new use cases for applications on the network, contributing to demand for ADA, the network’s gas token.

Rolls of dollar bills of varying denominations. (NikolayFrolochkin/Pixabay)

Tech

Lido Proposes a Bold Governance Model to Give stETH Holders a Say in Protocol Decisions

Proposal comes as ETH surges 30% on Pectra upgrade, boosting attention on Ethereum-native protocols.

Cash