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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.
Starknet DAO Heads Toward First Governance Vote
The vote, opening on March 21, will let members approve a new upgrade for the scaling system’s mainnet.
DYdX Passes Vote to Reduce Trading Rewards by 45%, Sending Token Up 29.89%
The DYDX token is up by 121% since the turn of the year.
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
Rune Christensen said on a call with community members DAI suffers from bad branding that could be slowing its growth.
Gaming Protocol Aavegotchi Members Are Voting to End Multiyear Token Sale, Which Could Limit GHST Supply
If passed, roughly $33 million DAI will be allocated to support the development of the Aavegotchi ecosystem.
Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin
The offboarding proposal won overwhelming support from members of the Aave DAO.
Curve Yield Farmers Rush to Deploy $60M on Newly Launched Conic Finance, Capture 21% APY on USD Coin
Conic is the latest player in the game to offer unlocked yield rewards to users from the prominent DeFi protocol Curve.
DeFi Exchange PancakeSwap to Deploy Version 3 on BNB Smart Chain in April
The project burned $27 million in its CAKE tokens on Monday.
EOS Blockchain Plans Second Innings Ahead of April’s EVM Launch
The EOS Foundation will grant funds to EOS-based applications, among other steps, as the platform gears for a “new life.”
Gitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index
The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.
Klaytn Blockchain Will Focus on Increasing KLAY Token Demand in 2023
Klaytn intends to establish KLAY as a deflationary asset and provide more tools for developers intending to launch products on the network.
