Tagged: governance tokens

Balancer, a “Decentralized” Finance Protocol, Votes to Implement a Quick Codebase Change to Prevent Large Players from “Gaming” the Platform

The developers of Balancer, a “decentralized” digital asset manager and protocol, has reportedly made changes to its codebase, in order to limit or prevent large players from taking advantage of the platform to mine Blancer’s BAL governance tokens, instead of using them for crypto-asset trading…. Read More

Maker (MKR) Governance Token Holders Approve Adding Wrapped Bitcoin (BTC) as Acceptable Collateral Type for MakerDAO

Maker (MKR) governance token holders have decided (through community voting) to approve a proposal which recommends adding Wrapped Bitcoin (WBTC), an Ethereum-based token backed 1-to-1 by Bitcoin (BTC), as the decentralized finance (DeFi) protocol’s (MakerDAO) newest collateral type. WBTC is an ERC-20 compliant token that… Read More

DeFi: Compound, an Ethereum-based Lending Protocol, to Decentralize Governance Process by Transferring Control to Native COMP Token Holders

The developers of Compound, a leading Ethereum-based decentralized finance (DeFi) solution, will be decentralizing the governance process of the lending protocol. This will be achieved by launching a token-based governance model. The Compound team had announced plans to use a governance token back in February… Read More

DeFi: Maker Foundation to Hand Over Governance, via Smart Contract, to MakerDAO’s MKR Token Holders

The Maker Foundation, an organization that supports the ongoing development of MakerDAO, a decentralized autonomous organization that operates an Ethereum-based lending system, has decided to hand over governance (through a smart contract) to MKR token holders. The Maker Foundation said the decision was the initiative’s… Read More

Maker Foundation, which Supports Ethereum-based DeFi Platform MakerDAO, Appears to be Winning All Auctions of MKR Governance Tokens

MakerDAO, a leading Ethereum (ETH)-based decentralized finance (DeFi) platform, is currently in the process of carrying out an auction of MKR governance tokens in exchange for stablecoin Dai, in an attempt to cover around $4.5 million undercollateralized debt. On-chain (blockchain) data reveals that the Maker… Read More

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