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Pyth DAO Approves 100% Revenue Buyback Strategy as ARR Hits $6.49M
The Pyth Network DAO has officially ratified a significant shift in its fiscal policy, implementing the so-called "100 Rule" to enhance the ecosystem's tokenomics. Under this new mandate, the decentralized autonomous or…
Marinade Finance Thwarts Malicious DAO Governance Attack on Solana
Marinade Finance, a prominent liquid staking protocol on the Solana blockchain, successfully defended its decentralized autonomous organization (DAO) against a sophisticated governance attack on September 25, 2024. An u…
Compound Foundation Accused of Misusing 8.42 Million DAI for Voting Power
The Compound Finance ecosystem is facing internal controversy following allegations that the Compound Foundation mishandled community reserves to influence governance outcomes. A detailed report by community member ugur…
Balancer DAO Proposes Protocol Shutdown and $30M Treasury Distribution
The Balancer community has introduced a formal proposal to initiate an orderly shutdown of the decentralized finance (DeFi) protocol, marking a significant pivot for the long-standing liquidity provider. The plan outlin…
Arbitrum Watchdog Proposes Permanent Ban for Three Projects Over Fund Misuse
The Arbitrum Watchdog Committee has formally recommended the permanent exclusion of three decentralized finance projects—Good Entry, Limitless, and APX Finance (formerly ApolloX)—from all future Arbitrum DAO initiatives…
Lido Launches NEST Mechanism for Automated LDO Token Buybacks on Mainnet
Lido DAO, the leading liquid staking protocol, has officially deployed the NEST automated LDO repurchase mechanism on the Ethereum mainnet. This rules-based system is designed to manage the protocol’s staking revenue su…
ENS DAO Activates New Security Committee to Shield Governance Protocol
The Ethereum Name Service (ENS) DAO has officially approved the activation of a new Security Committee, a strategic move designed to bolster the integrity of its decentralized governance process. This new oversight body…
Jito Network Initiates JTO Buyback and Burn Program via JIP-38 Approval
The Solana-based liquid staking protocol Jito has officially implemented JIP-38, a governance proposal that fundamentally alters the project's economic structure. Under this new framework, the network has transitioned i…
ENS DAO Proposes Delegating 5 Million Tokens to Decentralize Governance
The Ethereum Name Service (ENS) DAO is considering a significant restructuring of its governance framework to address concerns regarding the concentration of voting power. According to a proposal submitted to the govern…
ENS DAO Dissolves Public Goods Working Group Amid Restructuring
The Ethereum Name Service (ENS) DAO has officially announced the dissolution of its Public Goods Working Group after more than four years of supporting the broader ecosystem. Simona Pop, the head of the working group, c…