The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element. Source
Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin
Tag: Votes
SecretDAO votes to restructure foundation after public spat between organizations
The decentralized autonomous organization that governs privacy-focused blockchain Secret Network has voted to restructure its foundation as a nonprofit with a “transparent operation,” according to the proposal’s official page. Congrats to the #SecretNetwork community! The Secret Foundation has been restructured as an NPO, with a community-elected board & amendments requested by the founder. #blockchain #cryptocurrency — Krypton AI (@KryptonAi) February 10, 2023 The proposal states that the new foundation “will be registered as an NPO [nonprofit organization] and provide an annual account of its activities, including key performance indicators (KPIs),…
ConsenSys adds 7.03M votes to Uniswap BNB Chain migration proposal amid VC battle
Web3 infrastructure developer ConsenSys, the maker of the popular MetaMask digital wallet, has cast 7.03 million votes in favor of a proposal that would see decentralized exchange Uniswap’s v3 protocol deployed on BNB Chain, according to data from Tally. The votes are denominated by the number of underlying UNI owned by ConsenSys, which is worth an estimated $47.5 million. At the time of writing, 77.56% of participants were in favor of the proposal, with 22.07% against it. The week-long voting process will close on Feb. 10. As Cointelegraph previously reported,…
Community votes to deploy Uniswap v3 on Boba Network
Members of the Uniswap community voted in favor of deploying Uniswap v3 on Boba Network’s layer-2 protocol on Ethereum. Gaining over 51 million votes, the proposal submitted by Boba Foundation and FranklinDAO to deploy Uniswap v3 in Boba Network passed. This means that the Boba Network will be the sixth chain to deploy Uniswap v3, with the deployment scheduled to proceed in the coming weeks. The move was backed by several entities such as GFX Labs, Blockchain at Michigan, Gauntlet and ConsenSys. According to Alan Chiu, the co-founder and CEO…
a16z votes against proposal to deploy Uniswap V3 on BNB Chain
Venture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, shows the Uniswap DAO forum. The governance proposal to deploy the latest Uniswap iteration on the BNB Chain was submitted on Feb. 2 by 0xPlasma Labs on behalf of the Uniswap Community, after passing a temperature check with 20 million (80.28%) votes for yes, and 4.9 million (19.72%) votes for no. The venture firm used its 15 million UNI holding against the move. At the time of…
Celo Votes To Increase Minimum Gas Threshold
Celo, a mobile-focused smart contracting platform compatible with Ethereum’s virtual machine, is voting on a proposal to increase the network’s minimum gas threshold. Voting for Celo Governance Proposal 0066 started today, Wednesday, January 18, and ends on Friday, January 27. As of the time of writing, the turnout stands at 2.6% of the total supply, with 6,840,826 CELO locked as votes. Out of this, 6,840,116 CELO supports the proposal, 620 CELO is against the idea, and 90 CELO are voting to abstain. CELO is the native currency of the Celo proof-of-stake smart…
DeFi Protocol Sushi Passes Two Governance Votes to Strengthen Treasury
xSushi tokens were issued to users who staked tokens on the trading platform SushiSwap allowing them to receive 0.05% as a reward from each trade. Of this, 10% was directed to the SushiSwap treasury. However, as a result of Monday’s proposal decision, 100% of all fees will be sent to the treasury, leaving no rewards for xSushi holders. Source
MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
“Recent MakerDAO governance discussions have raised concerns about GUSD’s heavy reliance on the PSM and Gemini holding GUSD reserves at Silvergate,” Riyad Carey, analyst of digital asset research firm Kaiko, wrote in a report earlier this month. Source
Aave DAO Votes to Integrate Chainlink Proof-of-Reserves to Tighten Network Security
“The focus is more on automatically detecting and acting whenever any symptom of security issues on a bridge appears,” said Ernesto Boado, the former CTO at Aave and co-founder Bored Ghost Developing, which wrote the proposal. “We think that obviously, transparency goes first, in this case, our development goes a step further.” Source AaveChainLinkDAOintegrateNetworkProofofReservesSecuritytightenVotes CryptoX Portal
Aave DAO Votes to Integrate Chainlink Proof of Reserves to Tighten Network Security
“The focus is more on automatically detecting and acting whenever any symptom of security issues on a bridge appears,” said Ernesto Boado, the former chief technology officer at Aave and co-founder at Bored Ghost Developing, which wrote the proposal. “We think that obviously, transparency goes first, in this case, our development goes a step further.” Source