Governance
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.
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.
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.
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.
DAO Infrastructure Provider Tally Raises $8M to Scale On-Chain Governance
Tally is used by decentralized autonomous organizations (DAOs) to manage the governance process.
Cronos’ CRO Supply to Grow 200% After Last-Minute Governance Flip
Crypto governance is notorious for being community-governed in name only; with large token holders able to dominate any proposals and changes at their will.
DAO Governance Platform Agora Acquires Older Competitor, Boardroom
Industry insiders hope that regulatory clarity under a Trump administration might renew interest in decentralized governance.
Mark Zuckerberg Could Teach DAOs Like Compound a Governance Lesson
A $24M "governance attack" led by a whale known as Humpy shows the flaws of a "one token, one vote" system, says security audit firm OpenZeppelin.
Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO
An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says its concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token.
DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns
The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.
