DAO

Crypto Firm Terraform Labs Seeks to Sell Businesses Amid Bankruptcy

Thursday. July 11 at 5:00 PM

1 min. read

Bankrupt crypto company Terraform Labs is aiming to offload four of its entities in a $4.5 billion agreement with the US securities regulator, marking the end of its operations. Terraform announced plans on July 9 to explore selling its assets, including Pulsar Finance, Station crypto wallet, Enterprise DAO management platform, and Warp smart contract protocol. Following its bankruptcy filing in January, Terraform is looking to maximize value for creditors and stakeholders. The company's settlement with the SEC involves hefty payments and bans from the crypto sector for its co-founder Do Kwon. Terraform's ecosystem suffered a setback when its stablecoin, TerraClassicUSD, lost its peg to the dollar, leading to a drastic decline in token prices. Interested buyers can reach out to CAVU Securities, Terraform's investment banker.

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Xandeum Token Launch and Storage-Enabled Liquid Staking Program

Wednesday. October 30 at 4:00 AM

Xandeum, a Solana storage scaling solution, has announced details of its upcoming token launch and storage-enabled liquid staking program. The XAND token will officially launch on October 29, offering rewards to the community. The launch will include an airdrop of 60M tokens to eligible users. Various exchanges, such as Raydium and MEXC, will support the token launch. The Xandeum DAO powers the scalable storage layer and liquid staking solution, providing governance through the XAND token. Early stakers on the liquid staking platform will receive boosted rewards. Xandeum's storage solution aims to enable dapps to access large amounts of data, supporting new use cases. The platform addresses the blockchain storage trilemma by being scalable, offering random access, and being smart contract native. Xandeum is set to launch its storage provider network in 2025, revolutionizing decentralized Solana storage.

DAO

Enhancing Ethereum Decentralization with Lido DAO's Community Staking Module

Saturday. October 26 at 10:00 AM

Lido DAO has introduced the Community Staking Module (CSM) to promote decentralization on the Ethereum network. Launched on Oct. 25, the CSM enables individual ETH stakers to become solo validators with reduced technical requirements and a deposit threshold lower than the standard 32 ETH. Currently in the 'Early Adoption' phase, the CSM is limited to curated community stakers, with plans for a fully permissionless phase in the future. The mainnet release was approved by 109 Lido DAO governance members, allocating 71 million LDO tokens, despite 86 members voting against it. With over $24 billion locked in its smart contracts, Lido is the largest decentralized application. The CSM underwent testing on Ethereum's testnet Holesky, attracting over 370 node operators during the trial period. By lowering the entry barrier for validators, the CSM contributes to Ethereum's decentralization efforts, allowing more individuals to participate in securing the network.

DAO

The Fight for Julian Assange's Freedom

Saturday. October 26 at 7:30 AM

Julian Assange's family members spoke at the Plan B Forum in Lugano, Switzerland, shedding light on the extensive efforts to prevent his extradition to the US and secure his release. The panel, featuring Julian's wife, father, and half-brother, revealed that over $30 million and 14 years were invested in this cause. Gabriel Shipton, Assange's half-brother, highlighted the significant financial support, including contributions from the decentralized autonomous organization AssangeDAO. This group, with 10,000 members, played a crucial role in funding legal fees and awareness campaigns. Despite facing financial challenges, Bitcoin donations aided Assange's return home after his release. Crypto assets have become vital for WikiLeaks, especially after facing restrictions from the US government. The story reflects the ongoing struggle for press freedom and the role of digital currencies in supporting whistleblowers.

DAO

Challenges and Benefits of Decentralized Governance in Web3 Systems

Friday. October 25 at 10:00 AM

At the Cardano Summit in Dubai, a Cardano Foundation executive, Giorgio Zinetti, discussed the advantages and obstacles of decentralized governance in Web3 systems. Zinetti highlighted Cardano's commitment to onchain governance, calling it the largest layer-1 with onchain governance. He acknowledged that while centralized systems can make decisions quickly, true decentralization requires distributing authority. Zinetti emphasized that decentralized governance ensures community-driven decision-making, free from hidden agendas. Educating voters is crucial for effective decentralized governance, and Cardano is actively promoting community education and incentivizing informed participation. Zinetti believes that decentralizing authority will enhance Cardano's credibility and long-term sustainability. Despite the challenges, Cardano stands out as one of the few major blockchain projects fully implementing decentralized governance, setting a precedent for the industry.

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