Tag: Votes

US lawmaker hints at calling for Republican votes in 2022 midterms over crypto policies

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North Carolina Representative Patrick McHenry may have used his virtual appearance at a cryptocurrency conference as a soapbox to call for votes in the 2022 United States midterm elections. In a prerecorded message for the attendees of the Converge22 conference in San Francisco on Sept. 29, McHenry suggested that the goal of a “clear regulatory framework” for digital assets could drive U.S. lawmakers to develop legislation. The Republican lawmaker used terms including “bipartisan consensus” and support from both major political parties over certain regulatory frameworks related to digital assets and…

Tribe DAO votes in favor of repaying victims of $80M Rari hack

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After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralized finance (DeFi) platform Rari Capital’s liquidity pools. Following several rounds of voting and governance proposals, Tribe DAO, which consists of Midas Capital, Rari Capital, Fei Protocol and Volt Protocol, took the decision to a vote on Sept. 18 with the intent to fully reimburse hack victims. Data from on-chain voting platform Tally shows that 99% of those who voted were in favor and the proposal was executed on Sept.…

It’s a go! Uniswap Foundation becomes reality after 86M votes in favor

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The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders. According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system.  Former Uniswap Labs executive Devin Walsh, now serving as executive director of UF shared the results in a tweet on Aug. 24, noting that the proposal to create the foundation “passed its final vote!”  Last night…

Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin

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According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week prior, the price of aUSD fell to less than $0.01 from its dollar peg after it was discovered that 3.022 billion aUSD had been erroneously minted through a misconfiguration of the iBTC/aUSD liquidity pool, which went live on August 14.  The misconfiguration has since been rectified, and wallet addresses that had…

Number of DAOs increases 8X along with spike in votes and proposals

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The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward, and the number of votes cast, have all seen astounding 8X growth over the past 12 months. Data compiled by Snapshot Labs, shared by Electric Capital Engineer Emre Caliskan in a June 9 tweet, highlighted that DAO numbers have increased by 8.8X, from 700 in May 2021 to 6,000 now. The number of proposals has increased by 8.5X, and the number of total votes have increased by 8.3X over the past 12 months, from 448,000…

Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem – Altcoins Bitcoin News

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The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project’s native token APE has lost 57% against the U.S. dollar in the last 30 days. Apecoin Community Begins Voting on Whether or Not Asset Should Remain Operating on Ethereum This week the Apecoin community is voting on whether or not the native token apecoin (APE) should remain…

DeFi Platform Lido Votes Against Supporting New Terra Blockchain

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Juno Blockchain Community Officially Votes to Revoke Whale’s Tokens

Juno is part of Cosmos, an ecosystem of blockchains that are purpose-built to interoperate, meaning they can easily communicate and recognize some of the same on-chain assets. In February, a few months after the Juno blockchain was introduced, its creators used a familiar tactic – an airdrop, or giveaway, of the chain’s native JUNO token – to attract users from the wider Cosmos community. Source