Cardano governance hits a wall as treasury reaches 91% cap
Thirty enacted withdrawals have used 457.4 million ADA of the 500 million allowance, which incoming funds and refunds do not replenish. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst…
Compound DAO used protocol reserves to buy $52 million worth of COMP, and delegates call it a mandate breach
A new on-chain reconstruction says COMP acquired, through Compound DAO reserves, a majority of all delegated voting power at a May snapshot. That position did not change the recorded result that Proposal 582 passed with zero votes against. Bitquery says…
Three DeFi projects face possible exclusion from future Arbitrum DAO programs
Arbitrum’s Watchdog Committee, a grant oversight body, has given three DeFi projects until a tentative Sept. 10 deadline to answer high-severity misuse findings and return funds it considers unresolved, or face separate votes on permanent exclusion…
DAOs are forcing crypto protocols to choose between code and emergency brakes
Compound is a crypto lending protocol governed by holders who delegate their COMP tokens, a setup known as a decentralized autonomous organization, or DAO. It works like an online republic, with token holders debating proposals, voting, and letting…