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The Yearn Finance community has been discussing expanding the supply of YFI as a way to compensate the decentralized finance (DeFi) platform’s de facto staffers. The vote went live on the web app Snapshot on Jan. 28 and ended today at 18:00 UTC (1 p.m. ET).There’s a total of 30,000
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Curve Finance, a decentralized exchange, will distribute nearly $3 million in accrued fees to the platform’s governance token holders, following a community vote.On Friday, a week-long voting period seeking to determine how “admin fees” were to be allocated closed in favor of token holders. Now, in three days, some $2,631,601.92
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Flash loans can be used for more than just siphoning funds out of poorly put-together decentralized finance (DeFi) protocols.That’s one lesson investors can learn from Israel-based startup BProtocol’s manipulation of flash loans to sway election results on DeFi legacy project MakerDAO earlier this week.According to the MakerDAO community forum, on
Read MoreClose to 30,000 votes were recorded on the blockchain during the Russian parliamentary elections in what appears to have been the biggest case of blockchain-based voting yet. The blockchain component of the online voting platform was built by Waves Enterprise. The voting concluded early yesterday, and according to the chief product
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The United States Securities and Exchange Commission (SEC) announced it would be streamlining the application process for investment companies, potentially resulting in expedited crypto and blockchain firms operating in a “more efficient and less costly manner.”In a July 6 announcement on the SEC website, the Commission said it had voted
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Following the meteoric launch of Balancer Labs’ governance token, the decentralized finance (DeFi) protocol has quickly implemented changes to limit large players from exploiting the platform to mine BAL tokens, rather than for crypto asset trading.With $3 million worth of tokens airdropped to users storing assets in Balancer pools, the
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