DAO

TRON DAO HackaTRON Season 7 Qualifiers and Winners

Wednesday. November 20 at 12:30 AM

1 min. read

TRON DAO, along with HTX DAO, BTTC, and JustLend DAO, announced the winners of HackaTRON Season 7, sponsored by Google Cloud. The competition attracted over 1,300 participants who showcased innovative blockchain projects across various categories. Winners received prizes in TRX or TRON network Energy. The event highlighted projects in Web3, DeFi, Artistry, Builder, and Integration tracks. Winners were chosen by expert judges and the TRON community. HackaTRON's success is attributed to the 'Top 10 Community Contributors' who received rewards. TRON DAO is gearing up for Season 8 to provide more opportunities for blockchain innovation. TRON network has achieved significant milestones, including full decentralization and partnerships with national governments. TRON's memecoin ecosystem is thriving, with projects like SunPump and $SUNDOG gaining visibility. Readers are advised to conduct their own research before engaging in cryptocurrency activities.

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TRON DAO HackaTRON Season 7 Qualifiers and Winners

Wednesday. November 20 at 12:30 AM

DAO

Legal Liability of Lido DAO Members

Tuesday. November 19 at 8:30 AM

A federal court judge ruled that Lido DAO members can be held liable under partnership laws. The court classified Lido DAO as a general partnership, rejecting its claim of not being a legal entity. This ruling sets a precedent for the treatment of profit-driven DAOs. The court found identifiable participants managing the DAO's operations, making them unable to evade liability through its decentralized structure. General partners like Paradigm Operations, Andreessen Horowitz, and Dragonfly Digital Management were implicated due to their active involvement in Lido governance. However, Robot Ventures was dismissed for lack of active participation allegations. The decision was seen as a setback for decentralized governance by a16z crypto's Miles Jennings. The court agreed with a plaintiff's claim that Lido DAO's structure constitutes a general partnership under California law, holding it liable for losses from unregistered securities. The court's broad interpretation of 'offers or sells' includes solicitation on crypto exchanges.

DAO

Overhauling Ethena's Revenue Sharing Model

Saturday. November 16 at 2:00 AM

Wintermute has received approval to revamp Ethena's revenue sharing model. The Ethena Foundation recently announced that Wintermute's proposal to overhaul revenue sharing for the Ethena protocol has been approved by the risk committee. The changes, which aim to benefit staked ENA (sENA) holders, are set to be implemented by the end of November pending finalization of details. Wintermute, a key market maker and supporter of Ethena, proposed the changes to address a perceived misalignment between sENA holders and the protocol's revenue success. The proposed adjustments include allocating a portion of Ethena's revenue to programs enhancing the value of staked governance tokens. The foundation has committed to ensuring that future revenues solely benefit the protocol, with governance processes determining fund usage. Transparency regarding revenue allocations and earnings will also be increased. The Ethena Foundation is working with the risk committee to finalize the new revenue-sharing model, with activation parameters expected by Nov. 30. This development signifies a step towards aligning incentives and enhancing transparency in the Ethena ecosystem.

DAO

Decentralization Efforts of Linea Association

Wednesday. November 13 at 3:30 PM

Linea, a layer-2 zero-knowledge Ethereum Virtual Machine rollup developed by Consensys, is moving towards decentralization with the establishment of the Linea Association. The Swiss nonprofit, announced at the Devcon event in Bangkok, aims to support Linea's technology, develop its market, and advance its decentralization roadmap. Joseph Lubin, founder of Consensys, sees this as a crucial step towards true decentralization of the network. The association will oversee the development and governance of Linea's open-source technology, including the launch of the Linea token in 2025 for tokenholder governance. Linea's founder, Nicolas Liochon, emphasizes the importance of community-driven governance for Linea's vision of being owned and governed openly. The Linea Association represents a growing ecosystem of Ethereum stakeholders working towards empowering global onchain living. Consensys' Lubin believes that the association will address governance challenges faced by layer 2 solutions, ensuring alignment with the Ethereum platform's values.

DAO