An attacker drained 116,500 $rsETH worth $292 million from @KelpDAO’s bridge, affecting liquidity across 20 chains; Aave and others froze markets amid fears of further contagion. #Breaking #Crypto $rsETH (-8) ↘
Aave founder Stani Kulechov announced that the Aave DAO has nearly unanimously supported a proposal to move forward with a binding on-chain vote for V4’s deployment on Ethereum. #Update #DeFi $AAVE
@Tally has announced its closure after five years, serving over 1 million users and processing $1 billion in payments. Experts highlight concerns over DAO governance models’ sustainability. #Update #Crypto
@Tallyxyz is shutting down after five years due to unsustainable business models in DAO governance, winding down operations by March and canceling its ICO plans. #Update #Crypto
Tally is shutting down after six years due to reduced demand for DAO governance tools, following a strategic reassessment of market conditions. #Update #Crypto
Aave Chan Initiative will exit Aave DAO after a governance clash over a $42.5 million funding package, following a 52.58% Snapshot vote; next step is ARFC stage. #Update #Crypto $AAVE
Namik Muduroglu highlights flaws in token models that incentivize selling over holding, ineffective DAO governance, and regulatory fears stifling innovation. #Update #Crypto
Dr. Michael Egorov of @CurveFinance emphasizes that disagreements within decentralized autonomous organizations (DAOs) indicate health, citing recent governance disputes in Curve and Aave DAOs as vital for engagement. #Update #Crypto $AAVE
Ethereum cofounder @VitalikButerin proposed using personal AI agents for decentralized autonomous organizations (DAOs) to enhance governance and privacy, addressing low participation and centralization issues. #Update #Crypto $ETH
@BGD Labs will end its four-year involvement with the Aave DAO on April 1, citing organizational issues and a lack of support for its contributions. Users express concern over the departure’s impact. #Update #DeFi $AAVE
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
@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
@TRONDAO participated as a Gold Tier Sponsor at the Digital Assets at Duke Conference, discussing stablecoin adoption and blockchain infrastructure. #Update #Crypto $TRX
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
