What Lido staking dominance may mean for Ethereum’s future

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lido DAO token holders have commenced voting to determine whether the DeFi platform should reduce its staking pool. The vote is a follow-up to a governance proposal released on June 24. The voting process results from a month-long deliberation over Lido’s…

Solend backtracks on ’emergency power’ proposal following community backlash

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Solana-based decentralized finance protocol Solend backtracked on its initial proposal to take over a whale’s wallet by allowing users to vote on whether it should proceed or find another solution. The decision was made after the crypto community extensively criticized its…

TronDAO to initiate a 3 billion withdrawal to guard TRX’s value

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! TronDAO announced it would be withdrawing another 3 billion TRX from a CeFi and DeFi lending platform. It, however, failed to name the platforms where these withdrawals will be taking place. In the tweet that carried notice of the impending withdrawals,…

DAO votes to give $5M seed money back to YGG openly breaking contract

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! In May, the Merit Circle DAO voted in favor of a proposal to remove one of its seed investors and return their initial investment. The proposal claimed that Yield Guild Games had not offered sufficient value beyond their fiscal investment. Today,…

Optimism Foundation sends $20M to the wrong wallet – OP drops 36%

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Optimism Foundation has issued a statement confirming that 20M OP tokens meant for a liquidity provisioning partner have been sent to the wrong address. The price of the OP token dropped from $1.12 on June 8 to just $0.70 after…

Op-Ed: How AI and blockchain technologies liberate art

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! In 2022, it’s hard to imagine any art that’s isolated from technology. AI, NFT, blockchain, DAO: these advances significantly impact the creative process. Almost all of these technologies are rooted in the desire to make human life better and free us…

Avalanche’s new proposal wants ApeCoin on its subnet

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Avalanche is seeking to be the new home for ApeCoin DAO’s APE token and its Otherside metaverse project, according to a proposal submitted by the L1 blockchain platform. Per the proposal, the Otherside metaverse project should be launched on an Avalanche…

10 DAO tools you should familiarize yourself with

Decentralized Autonomous Organizations, or DAOs, provide a new way of organizing humans by utilizing blockchain technology. A DAO usually consists of people who come together around a common goal and create a fund to act on that purpose. That purpose can be investing in NFTs or startups, managing a stablecoin, supporting charities, or buying historical…