As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 forum post that the current proposal is flawed. According to him, the plan to use Wormhole as the sole governance bridge for Uniswap should be abandoned. Instead, he claimed that Uniswap researchers should work on a standardized system for using multiple bridges to handle governance decisions. The ongoing discussion on @Uniswap's forum is critical for the multi-chain ecosystem in 2023. TL;DR: Uniswap's model for x-chain governance will likely become industry standard. As an unbiased member of the community, @lifiprotocol is rooting …

The Uniswap DAO has approved a second non-binding proposal, called a “temperature check,” to make Wormhole the official bridge for cross-chain governance of the protocol between BNB Chain and Ethereum, according to the official proposal page. BREAKING: Wormhole has won the vote to be Uniswap's designated bridge to the Binance Chain! This is a major step forward in the development of the DeFi ecosystem. #DeFi #BNBChain #Uniswap #Wormhole — BitArchive (@ChainArchives) January 31, 2023 The proposal will now become part of a final plan to deploy Uniswap V3 to the BNB Chain, which will go up for a binding governance …

Real-world adoption is what really matters when it comes to being a successful blockchain project and one project that benefited from a recent uptick in adoption is Algorand (ALGO), a pure proof-of-stake protocol aiming to become the go-to base layer for the global financial industry. Data from Cointelegraph Markets Pro and TradingView shows that since bottoming out at $0.67 on July 20, the price of ALGO has rocketed 268% to a daily high at $2.47 on Sept. 9 as its 24-hour trading volume surged to a record-high $4.83 billion. El Salvador builds on Algorand The sudden surge in price and …

Disclaimer. This article has been updated to include comments from both Dune Analytics and Flipside Crypto as well as the fact that the governance vote has flipped in favor of those against the grant allocation. Dune Analytics, a decentralized finance (DeFi) analytics service, has voiced its opposition to a Uniswap (UNI) governance vote for “Community-Enabled Analytics” that would see fellow analytics provider Flipside Crypto managing about $25 million worth of UNI tokens. Tweeting on Thursday, Dune highlighted the lack of community attention to the matter while also stating that grants should be given to community members and not to service …

Pioneering decentralized finance protocol, MakerDAO, has announced its foundation will formally dissolve in the coming months, marking one of the final milestones in the protocol’s roadmap to decentralized governance. A July 20 blog post describes Maker’s decentralized autonomous organization, or DAO, as now being “fully self-sufficient” — with its globally distributed community “now responsible for every aspect of the Maker protocol.” “Complete decentralization of Maker means that future development and operation of the Protocol and the DAO will be determined by thousands or perhaps millions of engaged, enthusiastic community members, all determined to extend the benefits of digital currency to …

The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community. On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC in an over-the-counter (OTC) trade, despite the Uniswap proposal for the fund indicating it would liquidate the 1 million UNI over four to five years. In May, the student organization, Harvard Law Blockchain and Fintech Initiative, launched a governance proposal advocating for the creation of the fund and allocation of 1 million UNI (worth roughly $18 million at …

The MakerDAO Foundation has returned 84,000 MKR tokens from its development fund to MakerDAO’s governance module, marking a milestone in the project’s path to decentralization. In a May 3 blog post, the foundation notes that “no conditions or expectations” have been placed on MakerDAO regarding the returned tokens, with Maker Governance now having complete control over the tokens. The announcement states that with the return of the development and the completion of recent technical contributions to Maker’s liquidation engine and its DAO’s core unit framework, the foundation will now focus on working toward its own dissolution to further decentralize the …

A multiblockchain game says it delivers a unique blend of decentralized finance and nonfungible tokens, or NFTs — meaning players, developers, traders and crypto veterans all benefit. The team behind the Blockchain Cuties Universe claims traditional gaming presents a plethora of problems. Players never truly own the items they purchase, and these assets often lack interoperability with other games. Although blockchain technology does help alleviate some of these pain points, the team argues that issues still remain. A difficult onboarding process can be offputting for newcomers who are buying crypto for the first time, transactions can be slow and expensive, …

Origin Protocol, a DeFi stablecoin project, will begin accepting claims from users who were affected by a $7 million exploit that occurred back in November 2020. According to a blog post from Origin on Jan. 20, the project announced it will be making good on a December promise to compensate more than 700 victims of a $7 million flash loan attack on the protocol’s Origin Dollar (OUSD). In addition, Origin users who lost more than 1,000 OUSD can make a second transaction “to claim and stake OGN,” the protocol’s governance token. Though users who stake OGN will have their funds …

Blockchain at Berkley, a student-run blockchain organization, has become the tenth-largest delegate for the Uniswap exchange, highlighting the diverse groups involved with the emerging DeFi platform. The student group has amassed 2.5 million votes, where it’s tied with three other organizations, according to Sybil, an Ethereum governance tool. That gives Blockchain at Berkley a vote weight of 2.336%. Dharma is the largest delegate with 16,659,333 votes, or 14.632%. Verifying ourselves as a @UniswapProtocol #UNIDelegate on Sybil️https://t.co/SuuzI9Tj7Y addr:0x458cEec48586a85fCFEb4A179706656eE321730E sig:0xd18f9512640a34b30aa63ac13f6f8281971f2ee54ecd789c9311f57ace51a399707e37bb8b417b8ed9b54c9d6db98b8e83935c45d7521219a79fc3bb2f2eda161b — Blockchain at Berkeley (@CalBlockchain) December 21, 2020 Founded in Oct 2016, Blockchain at Berkeley describes itself as a “hub for blockchain …

PowerPool, a project exploring the utility of Ethereum-based governance tokens, has launched YETI — an index and “meta-governance” token for the Yearn.finance ecosystem. YETI was conceived by Messari’s Ryan Watkins, who published the proposal for a Yearn.finance ecosystem index token to PowerPool’s governance forums on Dec. 4. The Messari researcher noted that “despite development and community resources being merged” among the YFI ecosystem members, “governance among these protocols remains separate.” He wrote the index would offer investors “a passive vehicle for board exposure to the Yearn ecosystem” while providing Yearn an opportunity to formalize its recent mergers, and align “the …

Leading decentralized exchange Uniswap has announced an “unofficial community call” set for Nov. 12 at 5:00 pm UTC. The call is scheduled to discuss several core governance issues central to Uniswap, including the future of its liquidity mining program. After a slew of rival DEX clones sought to siphon away Uniswap’s users through exorbitant native token rewards to liquidity providers during the DeFi boom, Uniswap retroactively airdropped its native token UNI to users and launched its own liquidity mining program in mid-September. Uniswap’s current liquidity mining program is scheduled to end on Nov. 17, with the call set to discuss …