The decentralized exchange (DEX) and automated market maker (AMM) protocol SushiSwap has been at the center of a significant controversy as users and a former associate express their opposition to proposed governance changes. The controversial proposal aims to transfer assets from the Decentralized Autonomous Organization (DAO)-controlled treasury to a new entity called “Sushi Labs,” while […]
According to a report by Fortune Magazine, the state of Wyoming is looking to solidify its position as a crypto-friendly state with the recent signing of the Decentralized Unincorporated Nonprofit Association Act. The legislation establishes a legal framework for Decentralized Autonomous Organizations (DAOs) and addresses a significant challenge in fitting these entities into existing financial […]
In a recent analysis of Compound Finance’s token distribution, Bubble Maps, a blockchain analytic platform on December 11, reveals that a16z, a crypto-focused venture capital firm, holds 11% of COMP’s total supply. Bubble Maps notes that a significant stake held by a16z in Compound Finance’s governance model raises concerns over the protocol’s decentralization. A16z’s influence on proposals […]
Shytoshi Kusama, the anonymous Lead Developer for Shiba Inu, has shed more light on the future of SHIB and how the team intends to fulfill Shiba Inu founder Ryoshi’s vision in a foundational blog post dubbed Shibarium: The Foundational blog. Shiba Inu Lead Developer On Founder’s Vision The lead dev started off by highlighting some […]