Aave Shifts Revenue to DAO in $50M Plan
Aave Labs proposes redirecting 100% of product revenue to the Aave DAO and moving IP to a new foundation, requesting $50M funding. Debate over DeFi control intensifies. #Update #DeFi
DAO
Aave Seeks $50M Grant for DAO Revenue
@AaveLabs proposes a $50 million grant to redirect product revenue to its DAO, raising concerns among community members about potential voting power concentration. #Update #Crypto $AAVE
TRON DAO Advances Stablecoin Dialogue at Duke
@TRONDAO participated as a Gold Tier Sponsor at the Digital Assets at Duke Conference, discussing stablecoin adoption and blockchain infrastructure. #Update #Crypto $TRX
Ethereum Converts DAO Hack Funds to $220M
Ethereum is repurposing unclaimed funds from the 2016 DAO hack into a $220M endowment for security improvements, including audits and incident response. #Update #Crypto $ETH
Ethereum Launches New DAO Defense Fund
The DAO, once a threat to Ethereum, returns as a $220M security fund to strengthen the network. #Update #Crypto $ETH
TRON DAO Secures $8M for Expansion
River secures $8M from TRON DAO Ventures to expand its chain-abstraction stablecoin infrastructure within the TRON ecosystem. #Update #Crypto
JustLend DAO Burns 11% JST Supply
JustLend DAO completes a second buyback and burn of 525M $JST tokens, valued at $21M, removing nearly 11% of total supply. #Update #Crypto $JST
Aave Founder Denies Token Influence in DAO Vote
@StaniKulechov denies claims of purchasing $15M in $AAVE tokens to sway a failed governance vote, emphasizing his commitment to Aave and future communication improvements with token holders. #Update #Crypto $AAVE
Aave Faces Identity Crisis Amid Tokenholder Rights Debate
Aave’s community is divided over control of its brand and assets, sparked by an integration that favored Aave Labs. A vote is ongoing; 58% oppose transferring ownership to the DAO. #Update #Crypto $AAVE
Aave Governance Vote Divides DAO Community
@AaveLabs’ decision to advance a governance proposal without original author Ernesto Boado’s consent has caused division in the DAO community, raising concerns over procedural integrity. #Update #Crypto $AAVE
Balancer DAO Exploit Triggers Compensation Review
@BalancerDAO plans to compensate liquidity providers for over $110M lost in a recent exploit, issuing payments in affected tokens on Ethereum, Polygon, Base, and Arbitrum. #Update #Crypto $BAL
Balancer DAO Launches $8M Recovery Plan
@BalancerDAO is discussing an $8M recovery plan following a $110M exploit that reduced total value locked (TVL) by two-thirds; tokens will be returned in their original forms. #Update #Crypto $BAL
dYdX Approves 75% Revenue Buyback Increase
The dYdX community approved proposal #313, increasing buy-back allocation to 75% of net protocol fees, with 5% to Treasury SubDAO and MegaVault each, enhancing tokenomics. #Update #Crypto $DYDX
Ethereum DAO Launches Automated LDO Buyback
Lido DAO proposes an automated LDO token buyback mechanism using NEST automation and wstETH pairs, activating when ETH exceeds $3,000 and DAO revenue tops $40M. #Update #DeFi $LDO