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Category: Governance
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Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems again. According to banteg, a Yearn developer, someone called a function that moved more funds to be available for users to claim. Now, users can claim up to $140 million of the protocol’s native currency, comp. Compound is hoping users won’t […]
South African University to Commence Blockchain and Digital Currency Education in November
A South African university, the University of Cape Town (UCT) has revealed it will commence blockchain and digital currency classes starting in November. According to the institution, students that enroll and complete the $693 six-week course will be issued a legal certificate. Better Understanding of Blockchain As explained on UCT’s website, students that successfully complete […]
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Defi Platform Compound Bug Allows Users to Claim $88 Million in Tokens
Compound, one of the trademark defi protocols on the Ethereum blockchain, is experiencing a bug that allows users to reclaim unusually high amounts of its native token. The issue was caused by the implementation of a proposal that modified the contract that awards tokens to users. Compound Labs founder Robert Leshner declared that user funds […]
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Avalanche Pulls Down $230 Million Investment Led by Polychain and Three Arrows Capital
Avalanche, a smart contract-enabled cryptocurrency, has received a $230 million investment from a group of VC companies. The funding round, which is being described as a private sale, was led by Polychain and Three Arrows Capital, with the participation of other companies. This investment will give these companies participation in on-chain Avalanche governance and exposure […]
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Dydx Protocol Unlocks Airdrop Rewards; Users Get up to $50K
Dydx, a decentralized exchange, finally unlocked its airdrop rewards for users. Its governance token, dydx, was locked due to airdrop restrictions since the protocol announced its distribution on August 3rd. Since its release the price has skyrocketed, giving some of the more active users on the platform more than $50K worth of dydx. However, some […]
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Vitalik thinks token-based decentralized governance is holding DeFi back
Buterin asserts that things need to move beyond coin voting as it exists in its present form, suggesting “proof-of-humanity” or “proof-of-participation” alternatives.
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Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users
Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Platform Advancing Further Voting Powers in Future Updates Blockchain’s innate ability to decentralize products and services has long been among its key value propositions, especially when providing […]
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MakerDAO to dissolve Foundation and become truly decentralized again
MakerDAO plans to complete its roadmap to decentralized governance with the dissolution of its foundation in the coming months.
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Blockchain Groups From Major Universities Are Powerful Voters in Defi Governance Protocols
Data shows a number of groups from major universities are participating in decentralized finance (defi) governance. For instance, out of 15 of the largest voters in Uniswap’s last governance proposal, six of the major voters were tied to universities like Harvard, Berkeley, Stanford, Penn, Michigan, MIT, and Columbia University. Blockchain University Groups Identified as Major […]
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Concern as Uniswap-backed ‘DeFi Education Fund’ dumps $10M worth of UNI
The recently formed DeFi Education Fund has come under fire for abruptly announcing it had liquidated half of the 1 million UNI tokens donated to it through UNI governance.
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