Token Governance

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Token Governance is a critical aspect of the cryptocurrency ecosystem and DAOs (decentralized autonomous organizations). It refers to the system of rules and procedures that dictate how a cryptocurrency token operates within a blockchain network. This includes decisions on protocol upgrades, token distribution, and other operational aspects. Token holders often have voting rights, enabling a decentralized and democratic decision-making process. Key players in token governance include individual token holders, crypto companies, blockchain networks, and crypto exchanges.

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BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork
The upgrade will push security measures immediately on the occasion of a blockchain exploit to safeguard user assets.
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Balancer releases token governance proposal. (Arnaud Jaegers/Unsplash)
DeFi Firms Sign Up to Balancer's Plan for Tackling Lack of Liquidity
The initiative will allow holders to vote in governance proposals while providing liquidity to decentralized exchanges.
Balancer releases token governance proposal. (Arnaud Jaegers/Unsplash)

The MIM stablecoin has a $700 million market cap (Abracadabra DAO)
Centralization Comes to DeFi as Group Behind MIM, SPELL Tokens Mull Legal Shakeup
A project leader called for adding lawyers, jurisdictions and trustees for Abracadabra DAO, the entity overseeing Magic Internet Money (MIM) and SPELL tokens.
The MIM stablecoin has a $700 million market cap (Abracadabra DAO)

The DAO-approved sponsorship included outfield signage (Danny Nelson)
Terra Classic Revival Plans Continue as 6 Engineers Aim to Revive LUNC Ecosystem
Some LUNC token holders remain committed to a Terra ecosystem revival.
The DAO-approved sponsorship included outfield signage (Danny Nelson)

Lens protocol releases new governance model (Arnaud Jaegers/Unsplash)
Aave's Decentralized Social Media Platform Lens Protocol Releases New Governance Model
Lens Improvement Proposals (LIPs) is an attempt to create a framework for developers, creators and users to participate in the decision-making process of Len’s future developm...
Lens protocol releases new governance model (Arnaud Jaegers/Unsplash)

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Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
OKX periodically buys back and burns the tokens to reduce their supply on the open market.
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Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)
Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet
The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday.
Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)

Floatie in the form of a unicorn, the emblematic mythical creature featured in Uniswap's logo and marketing materials. (Unsplash/Modified by CoinDesk)
Uniswap Community Votes Down Protocol Fees for Liquidity Providers
The initial snapshot poll was voted against by the community in a surprising move.
Floatie in the form of a unicorn, the emblematic mythical creature featured in Uniswap's logo and marketing materials. (Unsplash/Modified by CoinDesk)

Kyle Davies, Su Zhu and Mark Lamb (Kyle Davies/Twitter)
Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%
FLEX holders can convert their tokens for OX at a ratio of 1:100.
Kyle Davies, Su Zhu and Mark Lamb (Kyle Davies/Twitter)