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.


Finance

Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%

FLEX holders can convert their tokens for OX at a ratio of 1:100.

Kyle Davies (left) and Su Zhu (middle). (Kyle Davies/X)

Tech

Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins

Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.

(Adi Goldstein/Unsplash)

Markets

Optimism Token Prices Slide 7% Ahead of $580M OP Unlock, Doubling Token Supply

The initial vesting period for early investors and contributors ends today and will nearly double the circulating supply of the tokens.

Los primeros inversores podrán vender una parte de sus tenencias. (Unsplash, modificada por CoinDesk)

Tech

BNB Chain Expected to Undergo ‘Luban’ Upgrade in June. Here’s all You Need to Know

Three distinct enhancements aim to make the network faster and more secure.

BNB Chain to undergo upgrade in June (Moritz Mentges/Unsplash)

Tech

Tornado Cash DAO Attacker Starts to Move Ether, TORN Tokens

The attacker holds over 20 ether in their wallet, and continues to have access to potentially all of Tornado Cash’s treasury funds as of Thursday.

A illustrative example of a Tornado. (NOAA)

Tech

Aave V2 Users Temporarily Unable to Access $120M on Polygon After Governance Bug

All funds remain safe and a governance proposal is underway to update the faulty strategy, developers said.

(Markus Winkler/Unsplash, modified by CoinDesk)

Tech

Attacker Takes Over Tornado Cash DAO With Vote Fraud, Token Slumps 40%

A malicious proposal allowed an unidentified attacker to take over Tornado Cash, opening up the floodgates to a potential treasury drain.

(Kevin Ku/Unsplash)

Finance

Hector Network Fight Centers on Efficacy of DAO Governance

The Olympus DAO fork is debating whether to tack on some of the hallmarks of a conventional corporation – something critics view as antithetical centralization.

Debate has ensued over the proliferation of BRC-20 tokens on the Bitcoin blockchain. (Кусмарцева Дарья / Getty Images)

Tech

ApeCoin DAO Approves Proposal to Boost Bored Ape NFTs, APE Ecosystem Growth

Ape Accelerator will incubate and launch new projects that strengthen the Bored Ape Yacht Club and ApeCoin ecosystems.

(Yuga Labs)

Tech

Lido Community Members Propose LDO Token Staking and Buyback Plan

The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”

(Micheile/Unsplash)

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