Vote Escrowed Tokens (VeToken) – The Good, The Bad, The Ugly
Vote-Escrowed Tokens have you lock-up money in return for more voting power in the protocol. Popularized by Curve, VE is starting to take…
Vote-Escrowed Tokens have you lock-up money in return for more voting power in the protocol. Popularized by Curve, VE is starting to take…
At this point, most DeFi protocols at least brand themselves as a Decentralized Autonomous Organization, or DAO. This form of on-chain governance places operational control of the protocol in the hands of token holders, rather than a centralized body. If incorrectly implemented, DAOs can be vulnerable to hostile takeover by malicious actors, aka a governance … Read more
Uncovering what is behind the growth of DeFi, NFTs, and why Ethereum is the most widely used blockchain in the world.
The infamous 2016 exploit of The DAO looted 3.6 million Ether, almost 5% of the Ether in existence at the time, and led to the controversial hard fork between the Ethereum and Ethereum Classic blockchains. Today, journalist Laura Shin claims to have uncovered the DAO hacker’s identity. She alleges that one Toby Hoenisch, an Austrian … Read more
Prior to its fall from grace earlier this year, Wonderland Money was pivoting to operation as a DeFi hedge fund. On the advice of treasury manager Sifu, the DAO invested $18,337,000 USD into Betswap.gg, a crypto-native betting platform, in exchange for $BSGG tokens. On February 12th, a $BSGG airdrop went live to all snapshotted $wMEMO, … Read more
A big announcement recently was the Washington Nationals (MLB) officially partnering with Terra. Marking this deal the first Major Sports Franchise to partner with a DAO (Decentralized Autonomous Organization). This is a pretty big deal for Terra ($LUNA) as the partnership brings public visibility to the DAO. It also looks to bring the Terra stablecoin, UST, as … Read more
Pro Sports and Crypto partnerships continue to be an indicator of longterm growth even in volatile market conditions. As the market has continued to bounce up and down, one important narrative in the short term to look at is Crypto.com, Binance, FTX and other Crypto companies have laid out the most capital investment ever for … Read more
Omar Dhanani, aka Michael Patryn aka OxSifu, sent 2,000 Eth through tornado cash just days after being voted off Wonderland DAO.
Wonderland is voting to dissolve the protocol after a series of controversies around Frog Nation’s leader Daniele Sesta & CFO Omar Dhanani…
Dani Sesta gets liquidated on his own platforms. Rumors of him rugging swirl. A liquidation cascade and merger proposal rile frog nation &…