Aave Community Voting to Deploy Its V3 on Ethereum
If the proposal passes, the latest iteration of the Aave protocol will come to the Ethereum blockchain, Aave’s first and largest market. Original Source
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Voting
MakerDAO Favors Holding GUSD Stablecoin as Part of Reserve in Early Voting
The voting comes as Gemini, the issuer of GUSD, is under pressure after halting withdrawals from its yield-paying product, called Gemini Earn, and because of a lawsuit by the top U.S. securities regulator. Gemini is the brainchild of mega-crypto investors Cameron and Tyler Winklevoss, who still helm the company. Source
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Uniswap Foundation Proposes Changes to Crypto DEX’s Governance, Voting Processes
The biggest changes would see Uniswap governance ditch its requirement for off-chain "snapshot votes" that precede on-chain votes. It would drastically raise the barrier for clearing preliminary votes, a move that will "prevent lower quality proposals" from breaking through, according to Walsh's blog. Original Source
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DeFi Giant MakerDAO Holds Voting on Hiking DAI Stablecoin Rewards
Increasing the DAI savings rate would make Maker’s stablecoin more competitive among rivals and help mitigate capital outflow from crypto to traditional financial markets, MakerDAO contributors said. Source
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Binance Becomes Second-Largest Voting Entity on Uniswap DAO
A group of core developers maintains the Uniswap codebase, but key protocol decisions are governed by the Uniswap DAO, which grants users voting rights according to how many UNI tokens they hold. Users may also “delegate” their tokens to other entities, thereby enabling those entities to vote on their behalf. Original
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MakerDAO voting on collaborating with a traditional bank
MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using decentralized finance (DeFi).Currently 83% of voters are in favor of the proposal. Voting ends at 12pm ET on July 7.The proposal involves
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Less than 1% of all holders have 90% of the voting power in DAOs: report
Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate governance. DAOs are organizations without a centralized hierarchy, intended to work in a bottom-up manner, where the community collectively owns and contributes to an organization's decision-making process. However,
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Here Is How to Improve DeFi Governance Using Ideas from Computational Voting Theory
An interesting idea that has been outlined by several forward thinkers in the DeFi ecosystem, including Vitalik Buterin, is to limit governance to accounts that are actively participating in the protocol. Imagine a DeFi lending protocol that restricts its governance mechanics to addresses that have actively issued and borrowed loans,
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Popular DAO Voting Platform Snapshot Labs Raises $4M
Snapshot, a key piece of tooling for decentralized autonomous organizations (DAOs), has taken a step forward today, raising $4 million to expand operations.The DAO voting portal announced the funding round on Friday. It was led by investment fund 1kx and included participation from The LAO, MetaCartel Ventures, Gnosis, StarkWare, Coinbase
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DOT Holders Are Voting on Polkadot’s New Look
After months of iteration, Parity Technologies – one of the developers of interoperability protocol Polkadot – launched a web portal on Wednesday for DOT token holders to vote on the future of the blockchain’s logo and brand assets.The brand overhaul kicked off in January with the hiring of Koto, a
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