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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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Volumes on Minswap are rising as meme coins catch on. (Adi Goldstein/Unsplash)
Technology
Cardano
Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
Volumes on Minswap are rising as meme coins catch on. (Adi Goldstein/Unsplash)
By Shaurya Malwa
May 30, 2023 at 6:33 a.m. UTC
May 30, 2023
CardanoDeFiToken GovernanceOn-chain Data
Early private investors will be able to sell some of their holdings. (Unsplash, modified by CoinDesk)
Markets
Defi
Optimism Token Prices Slide 7% Ahead of $580M OP Unlock, Doubling Token Supply
The initial vesting period for early investors and contributors ends today and will nearly double the circulating supply of the tokens.
Early private investors will be able to sell some of their holdings. (Unsplash, modified by CoinDesk)
By Shaurya Malwa
May 30, 2023 at 5:57 a.m. UTC
May 30, 2023
DeFiToken GovernanceMarketsTrading
BNB Chain to undergo upgrade in June (Moritz Mentges/Unsplash)
Technology
Bnb chain
BNB Chain Expected to Undergo ‘Luban’ Upgrade in June. Here’s all You Need to Know
Three distinct enhancements aim to make the network faster and more secure.
BNB Chain to undergo upgrade in June (Moritz Mentges/Unsplash)
By Shaurya Malwa
May 25, 2023 at 9:45 a.m. UTC
May 25, 2023
Bnb chainDeFiToken GovernanceOn-chain Data
A illustrative example of a Tornado. (NOAA)
Technology
Defi
Tornado Cash DAO Attacker Starts to Move Ether, TORN Tokens
The attacker holds over 20 ether in their wallet, and continues to have access to potentially all of Tornado Cash’s treasury funds as of Thursday.
A illustrative example of a Tornado. (NOAA)
By Shaurya Malwa
May 25, 2023 at 7:05 a.m. UTC
May 25, 2023
DeFiHacksTornado CashToken GovernanceOn-chain Data
Funds on Aave v2 are temporarily stuck on Polygon. (Markus Winkler/Unsplash, modified by CoinDesk)
Technology
Tech
Aave V2 Users Temporarily Unable to Access $120M on Polygon After Governance Bug
All funds remain safe and a governance proposal is underway to update the faulty strategy, developers said.
Funds on Aave v2 are temporarily stuck on Polygon. (Markus Winkler/Unsplash, modified by CoinDesk)
By Shaurya Malwa
May 23, 2023 at 6:56 a.m. UTC
May 23, 2023
TechAaveDeFiToken Governance
Tornado Cash DAO was hit by an attack. (Kevin Ku/Unsplash)
Technology
Defi
Attacker Takes Over Tornado Cash DAO With Vote Fraud, Token Slumps 40%
A malicious proposal allowed an unidentified attacker to take over Tornado Cash, opening up the floodgates to a potential treasury drain.
Tornado Cash DAO was hit by an attack. (Kevin Ku/Unsplash)
By Shaurya Malwa
May 21, 2023 at 8:19 a.m. UTC
May 21, 2023
DeFiToken Governance
The debate is raging inside Hector Network (Кусмарцева Дарья / Getty Images)
Finance
Dao
Hector Network Fight Centers on Efficacy of DAO Governance
The Olympus DAO fork is debating whether to tack on some of the hallmarks of a conventional corporation – something critics view as antithetical centralization.
The debate is raging inside Hector Network (Кусмарцева Дарья / Getty Images)
By Danny Nelson
May 18, 2023 at 3:36 p.m. UTC
May 18, 2023
DAOToken GovernanceFantomActivist investment
(Yuga Labs)
Technology
Apecoin
ApeCoin DAO Approves Proposal to Boost Bored Ape NFTs, APE Ecosystem Growth
Ape Accelerator will incubate and launch new projects that strengthen the Bored Ape Yacht Club and ApeCoin ecosystems.
(Yuga Labs)
By Shaurya Malwa
May 18, 2023 at 11:08 a.m. UTC
May 18, 2023
ApeCoinOn-chain DataToken GovernanceDAO
LDO staking might go live if a community proposal is passed. (Micheile/Unsplash)
Technology
Defi
Lido Community Members Propose LDO Token Staking and Buyback Plan
The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”
LDO staking might go live if a community proposal is passed. (Micheile/Unsplash)
By Sage D. Young
May 18, 2023 at 8:26 a.m. UTC
May 18, 2023
DeFiToken GovernanceOn-chain Data
Washington Crossing the Delaware by Emanuel Leutze (Wikimedia Commons)
Finance
On-chain data
Balancer Might Arbitrage Itself to Rescue Inverse Finance’s Frozen Crypto
The plan would see Balancer raid its own trading pools before other arbitrageurs have the chance to.
Washington Crossing the Delaware by Emanuel Leutze (Wikimedia Commons)
By Danny Nelson
May 16, 2023 at 7:40 p.m. UTC
May 16, 2023
On-chain DataToken GovernanceBalancerEulerInverse Finance