Token Governance

Token Governance is a critical aspect of the cryptocurrency ecosystem and DAOs (decentralized autonomous organizations). It refers to the system of rules and procedures that dictate how a cryptocurrency token operates within a blockchain network. This includes decisions on protocol upgrades, token distribution, and other operational aspects. Token holders often have voting rights, enabling a decentralized and democratic decision-making process. Key players in token governance include individual token holders, crypto companies, blockchain networks, and crypto exchanges.


Markets

Floki on Course for Europe ETP as DAO Floats Proposal to Provide Early Liquidity

A Floki exchange-traded product is set to go live in Europe in early 2025, a project developer told CoinDesk.

(Floki)

Markets

Jade Protocol Faces Calls to Liquidate $31M Token Treasury

A longtime member says the DAO “poses a major investment risk to all token holders,” and should shut down.

Jade Protocol (Danny Nelson/CoinDesk)

Finance

A $27M Crypto Loss Reveals a Toxic Mix of Money-Hungry Traders and DAO Idealists

It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project's treasury.

Riot Pepe wearing noggles. (Story illustration by Danny Nelson;Hazard/Rook)

Finance

Yearn Finance Voters to Wintermute: Drop Dead

One of the biggest market makers in crypto is having trouble getting nearly free money out of Yearn Finance.

Wintermute CEO Evgeny Gaevoy (Danny Nelson/CoinDesk)

Finance

Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis

The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov.

(Arnaud Jaegers/Unsplash)

Finance

Mantle Introduces New Governing Body for Treasury Management

The new layer 2 network passed a governance vote that establishes the Mantle Economics Committee as well as introduces more liquid staking into the ecosystem by authorizing liquid staking protocol Mantle LSD and the allocation of 40,000 ETH from its treasury to stETH.

(Dan Kitwood/Getty Images)

Finance

Arbitrum DAO’s First Grants Programs Take Shape

Two governance proposals are collectively requesting nearly $5 million worth of ARB tokens to launch grants programs.

(Danny Nelson/CoinDesk)

Markets

Parrot Finance to Begin PRT Token Buyback on Monday, Capping Fiery Vote

Activist investors applied heavy pressure to Parrot’s developer team.

Parrot Finance failed to catch fire despite raising over $90 million. (Parrot Finance)

Finance

For Crypto Investors Down Bad in Hector, the DAO Can’t Die Fast Enough

Hector Network will take six to 12 months to hold a liquidation. Token holders want their money back sooner.

(Getty Images)

Tech

Polygon Mulls Governance Restructure in Polygon 2.0 Roadmap

Developers have proposed an “Ecosystem Council” to push smart contract upgrades, as well as changes to how community-based funding works.

(Arnaud Jaegers/Unsplash)

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