Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC, with over 96% of participating GMX tokenholders voting in favor of the proposal. The new Chainlink oracles — which were built with the input of GMX core contributors — were brought in to improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, the author of the proposal explained. The…
Tag: Votes
Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token
Relwyn said the treasury operations team “agrees” with community members’ bullishness, but cautioned the protocol can’t just YOLO everything into ETH without incurring a hearty dose of risk. Number may go up right now, but “number can go down, too,” said Relwyn, Source
Pfizer-Backed VitaDAO Votes on Creating For-Profit Company to Fund Longevity Research
The company, to be called VitaTech, would leverage public funding to license longevity technologies developed in U.S. universities and support their continued development. The funds would come from research foundations and government grants such as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR). Source
Arbitrum to break up governance votes after community backlash
Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders. On April 2, the Arbitrum Foundation tweeted that its first governance proposal, AIP-1, “likely will not pass” and added its “committed to addressing the feedback received from the community.” The move will break up the debatable governance package into smaller segments. The team noted: “AIP-1 is too large and covers too many topics. We will follow the DAO’s advice and split the AIP into parts. This will allow the community to…
Arbitrum Foundation Pledges New Votes, No ‘Near-Term” ARB Sales Amid Community Revolt
In the Discord post, Eli_DeFi said that 750 million ARB token allotment will now be subject to a standalone vote. “We’re working on options to add more accountability,” he said, noting Foundation tokens will not be used in votes. (The current vote treats the Foundation’s power over that sum as a foregone conclusion; it started spending and sending tokens even before passage). Source ARBArbitrumCommunityFoundationNeartermPledgesRevoltSalesVotes CryptoX Portal
BNB Chain-Based DEX Level Finance Votes on Transferring $200M to Treasury
“Rewards, incentives, as well as all emissions will be made directly out of the DAO. Proposals and delegations of votes will be live, and the community (along with our new ecosystem partners), will collectively materialize the full potential of the project alongside our team,” it added. Source
MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan
MakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for Dai. An alternative proposal to “diversify” collateral into Gemini Dollar (GUSD) and Paxos Dollar (USDP) was rejected in a 20% to 79% vote, according to the proposal’s official page. Vote totals for the proposal to normalize PSM Parameters. Source: MakerDAO official website In the proposal posted on March 17, the MakerDAO Risk Core Unit suggested that the risk of a cascading bank run in the U.S. has…
MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan
MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote, according to the proposal’s official page. Vote totals for the proposal to normalize PSM Parameters. Source: MakerDAO official website In the proposal posted on March 17, the MakerDAO Risk Core Unit suggested that the risk of a cascading bank run…
Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
“Issuer diversification is one of the only immediate risk mitigation strategies MakerDAO can apply quickly in a rapidly deteriorating environment for U.S. regulated issuers and their stablecoin products,” pseudonymous ACREinvest commented early Thursday. Source
IoTeX Blockchain’s DAO Votes 97% in Favor of Adding Ether Liquid Staking Derivatives
“Increasing the IOTX staking ratio and, therefore, the security of its blockchain has always been the goal for IoTeX,” co-founder Raullen Chai said in a message to CoinDesk. “The primary motivation behind IIP-13 is improved security and further decentralization of the IoTeX blockchain.” Source link