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voting

The vote to "reduce JUP net release to zero" has passed, and the Jupuary airdrop will be indefinitely postponed

The voting on Jupiter's proposal to "reduce the net release of future tokens to zero" officially ended today at 19:00, with the community passing the proposal with a 75% support rate.Previously, Jupiter initiated a new proposal to reduce the net release of JUP to zero in the foreseeable future. The proposal mainly targets the three major sources of JUP releases at present ------ Jupuary airdrop, team share unlock, and Mercurial quota unlock. The specifics are as follows:First, the Jupuary airdrop will be indefinitely postponed, and all 700 million JUP will be returned to the community multi-signature cold wallet for future use. The usage amount and staking snapshot at the current time will be retained. When the market environment, token status, and market sentiment are more suitable, this matter will be re-discussed with the DAO.Second, the release of tokens to team members will be indefinitely suspended. As an alternative, team members will receive JUP in the form of Jupiter's balance sheet debt. If any member wishes to sell their allocated tokens, they will be directly purchased by Jupiter's balance sheet. This move will further strengthen JUP reserves while demonstrating the team's commitment to the future of the JUP token.Third, the selling pressure from Mercurial stakeholders will be fully hedged, which will accelerate the unlocking process, and an equivalent amount of tokens will be purchased through Jupiter's own balance sheet to absorb any impact from potential token sales.

Vitalik: We need more and better DAOs, rather than just treasury controlled by token voting

Vitalik Buterin stated that the current practices of DAOs in the crypto industry have deviated from the original vision, and it is necessary to rethink and construct "different and better DAO designs." Vitalik pointed out that Ethereum's initial concept was heavily inspired by decentralized autonomous organizations, but today DAOs are often simplified to "treasuries controlled by token voting." While they may function in form, they are inefficient, easily manipulated, and fail to truly alleviate the issues arising from human political games.Vitalik emphasized that DAOs remain an indispensable infrastructure, with application scenarios including: improving oracle designs, implementing on-chain dispute arbitration, maintaining various critical lists, quickly launching short-term collaborative projects, and supporting long-term project maintenance after the original team exits. He believes that the current problem lies not in the motivations of participants, but in the governance and system designs, such as oracles, which are still inadequate.In terms of governance frameworks, Vitalik introduced an analysis perspective of "concavity and convexity problems," arguing that different types of issues require different governance structures: scenarios leaning towards consensus and robustness should emphasize broad participation and resistance to manipulation; while scenarios requiring decisive decision-making should allow for leadership, balanced by decentralized mechanisms.Vitalik further pointed out that for DAOs to truly function, they must address two major challenges: privacy and decision fatigue, and can leverage privacy technologies such as zero-knowledge proofs (ZK) and multi-party computation, as well as AI and consensus-based communication tools to alleviate governance burdens. He emphasized that AI should not replace human judgment but should serve as a tool to amplify and assist human intentions.Finally, Vitalik stated that future DAO designs need to consider governance mechanisms, privacy technologies, and communication layers as core components rather than auxiliary modules, to ensure that the decentralization and robustness of Ethereum's underlying infrastructure are sustained in its upper-layer applications.

Aave founder: The DAO's revenue this year exceeds the total of the past three years, reaching $140 million, and the funds used to buy AAVE were not used for proposal voting

Aave founder and CEO Stani.eth stated on the X platform that the recent DAO vote has concluded, raising important questions about the relationship between Aave Labs and $AAVE token holders. This has been a productive discussion, crucial for the long-term healthy development of Aave. While the process was somewhat chaotic, debate and disagreement are inherent features of decentralized governance.Stani.eth pointed out: "I am committed to clarifying the economic interests between Aave Labs and $AAVE token holders. Our explanations in this regard have not been sufficient, and we will strive to improve in the future. Additionally, one point that was overlooked in this discussion is that the DAO has generated $140 million in revenue this year, surpassing the total revenue of the past three years, and $AAVE token holders have control over these funds.In the future, we will more clearly articulate how the products developed by Aave Labs create value for the DAO and $AAVE token holders." Regarding the community's heated discussion about the $15 million spent to purchase $AAVE tokens, Stani.eth clarified: "These tokens were not used to vote on the recent proposal; that was never my intention. This is my lifelong career, and I support my beliefs with my own funds."Previously, the proposal regarding the ownership of Aave brand assets was rejected, with over 55% voting against it and 41% choosing to abstain.
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