A US courtroom has frozen over US$71.1m (AU$99.5m) in ETH tied to the Kelp DAO hack, blocking Arbitrum’s deliberate redistribution. Plaintiffs with unpaid terrorism-related judgments in opposition to North Korea declare the funds by way of alleged hyperlinks to Lazarus Group exercise. The choice disrupts a broadly supported DAO proposalContinue Reading
Aave deposits fell by US$15.1 billion in 3.5 days after attackers used Kelp DAO rsETH as collateral to borrow wrapped Ether. DeFiLlama knowledge confirmed Aave TVL dropping from about US$26.4 billion to US$18.6 billion as stablecoin swimming pools reached 100% utilisation. Aave froze rsETH and WETH markets whereas LayerZero attributedContinue Reading
Aave’s first binding “Aave Will Win” vote handed with roughly 75% assist, approving US$25 million in stablecoins and 75,000 AAVE tokens for Aave Labs. Aave Labs will direct 100% of product income from Aave.com, Aave Professional, Aave Card, and different branded providers again to the DAO treasury, estimated at US$10Continue Reading
Two competing stories have triggered a governance battle within the Aave group over the way to worth Aave Labs’ previous contributions and future funding wants. Marc Zeller’s report argues the DAO ought to deal with the proposed $42.5 million funding bundle as an funding, citing $86 million in prior fundingContinue Reading
Egorov argues that inside disagreement signifies energetic participation somewhat than instability in decentralised governance methods. A disputed US$6.3m grant and a later 80% turnout vote illustrate how competition can drive engagement. A separate Aave battle highlights unresolved tensions round payment flows, IP possession and authorized standing. Michael Egorov, founding fatherContinue Reading
Aave Labs has proposed a brand new “Aave Will Win” governance framework the place 100% of income from Aave-branded merchandise goes on to the DAO treasury as an alternative of the corporate. The plan covers present and future income streams, together with swap charges from Aave v3/v4. To resolve possessionContinue Reading
Aave DAO member tulipking has proposed a “poison capsule” plan to grab Aave Labs’ IP, branding, fairness, and previous income. The transfer follows considerations that front-end income modifications, together with the CoW Swap integration, bypassed DAO approval. The proposal underscores broader tensions over governance, income management, and the position ofContinue Reading
Polkadot’s decentralised autonomous organisation (DAO) has approved a referendum to set a permanent supply cap of 2.1 billion DOT, marking a significant shift from its previous inflationary model with no maximum limit. The decision to cap the supply, which received overwhelming community support, is intended to appeal to long-term holdersContinue Reading
