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SOL $87.48 +2.41%
TRX $0.3257 -0.01%
DOGE $0.0968 +0.16%
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BCH $447.70 +0.98%
LINK $9.35 +0.47%
HYPE $43.53 -4.55%
AAVE $111.97 +5.31%
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XLM $0.1645 +2.68%
ZEC $331.56 -2.71%

centralized

European Central Bank document questions whether DeFi DAOs are sufficiently decentralized

On March 26, the European Central Bank published a working paper studying the governance concentration of four major DeFi protocols: Aave, MakerDAO, Ampleforth, and Uniswap.The paper, based on holding snapshot data from November 2022 and May 2023, found that although governance tokens are distributed across tens of thousands of addresses, the top 100 holders in each protocol control over 80% of the supply, and a large number of governance tokens can be linked to the protocols themselves or centralized and decentralized exchanges, with Binance being the largest identified centralized exchange holder among the four protocols.In terms of voting participation, the paper noted that actual voters are mainly representatives who obtain proxy voting rights from small holders. The top 20 voters in Ampleforth control 96% of the proxy voting rights, the top 10 voters in MakerDAO hold 66%, and the top 18 voters in Uniswap hold 52%. About one-third of the main voters cannot be publicly identified.The paper argues that these findings challenge the assumption of inherent decentralization in DAOs, making it more difficult to determine regulatory anchors under the EU MiCA framework. MiCA currently excludes "fully decentralized" services from its scope. The paper also points out that it is impossible to determine from public data whether the holdings associated with the protocols belong to founders, developers, or treasuries, nor can it be determined whether exchange wallets are voting on behalf of themselves or their clients. The paper represents the authors' views and does not represent the official position of the European Central Bank.

The decentralized GPU computing infrastructure Aethir officially launches managed Kubernetes services

The decentralized GPU computing infrastructure Aethir officially launched its managed Kubernetes service today, strategically extending into the enterprise AI infrastructure market.Kubernetes (K8s), as the "gold standard" in the open-source container orchestration field, can automate the management of large-scale server clusters. Aethir's move aims to provide global AI teams with a high-performance development environment that is ready to use without the hassle of managing underlying hardware.The core features of Aethir's managed Kubernetes service include: minute-level cluster deployment: enterprises can launch GPU-supported Kubernetes clusters in minutes through a self-service API; high-end GPU support: offering the latest generation of GPUs such as NVIDIA H100, H200, B200; transparent pricing: starting at $1.45/hour with no outbound data transfer fees; enterprise-grade security: zero-trust access control, RBAC, and complete audit logs.Aethir offers a pricing model that is lower than traditional centralized cloud providers. By eliminating redundant intermediary premiums and high virtualization taxes, Aethir has reduced overall computing costs by 60% to 80%. Aethir's decentralized infrastructure spans 95 countries and regions globally, with 435,000 GPU containers providing low-latency computing access across more than 200 physical nodes, serving over 150 enterprise clients.
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