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Lido DAO has passed the “On-chain Delegation and Representative Incentive Program”

Aug 27, 202410024 Views

Aug 27, 2024

On August 27th, according to the official blog, Lido DAO has introduced an "on-chain delegation and representative incentive plan" through Vote178 and Snapshot voting. The plan establishes a public representative platform, simplifies governance processes, increases participation and decision transparency. The pilot representative incentive plan, which lasts for six months, will provide a total of $150,000 worth of LDO tokens to incentivize active representatives who meet the criteria. Token holders retain full control over voting and can override representative decisions.

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Lido DAO has passed the “On-chain Delegation and Representative Incentive Program”

Aug 27, 202410024 Views

Aug 27, 2024

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Lido DAO has passed the “On-chain Delegation and Representative Incentive Program”

Aug 27, 202410024 Views

Aug 27, 2024

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Lido DAO has passed the “On-chain Delegation and Representative Incentive Program”

Aug 27, 202410024 Views

Aug 27, 2024

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Lido DAO has passed the “On-chain Delegation and Representative Incentive Program”

Aug 27, 202410024 Views

Aug 27, 2024

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Lido DAO has passed the “On-chain Delegation and Representative Incentive Program”

Aug 27, 202410024 Views

Aug 27, 2024

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SEC charges Adam brothers with $60 million crypto Ponzi scheme

Aug 27, 202412428 Views

Aug 27, 2024

The US SEC has announced an emergency asset freeze against brothers Jonathan Adam and Tanner Adam and their company, accusing them of committing a $60 million Ponzi scheme from January 2023 to June 2024, involving over 80 investors.

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BeraChain Ecosystem Automated Leverage Protocol Origami Finance Completes $1.5 Million Seed Round Financing

Aug 27, 20247347 Views

Aug 27, 2024

The automated leverage protocol Origami Finance announced the completion of a $1.5 million seed round financing on the X platform. Investors include Ouroboros Capital, Fjord Foundry, Good Partners, Upside, BeraLand, TempleDAO, Boba Tea Capital, Three Three Ventures, Smokey The Bera, janitooor.eth, and others. The valuation information is not disclosed yet. The new funds will be used to build its automatic leverage protocol launched on Ethereum and BeraChain, which supports integration with third-party lending services and can achieve automated folding of yield-bearing tokens (YBT) exposures, thereby improving capital efficiency and reducing liquidation and bad debt risks.

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FTX cold wallet address transfers 240,200 mSOL to Coinbase Prime

Aug 27, 202410845 Views

Aug 27, 2024

On August 27th, according to Paiduin monitoring, the FTX cold wallet address marked as Cold Storage #2 has transferred 240,200 mSOL (valued at approximately $46.3 million) to Coinbase Prime.

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Societe Generale: The Federal Reserve is unlikely to cut interest rates by 50 basis points in September

Aug 27, 202412518 Views

Aug 27, 2024

Kit Juckes, the Chief Global Foreign Exchange Strategist at BNP Paribas, stated in a report that the current expectations of a rate cut in the US in 2024 may be overstated, and the likelihood of a larger rate cut of 50 basis points in September is still unlikely. Refinitiv data shows that the US currency market currently expects a rate cut of 103 basis points in 2024, suggesting that the Federal Reserve will cut rates by at least 50 basis points in one of the remaining three meetings this year. Juckes said, "Unless the economy slows down significantly, the front end of the interest rate curve for the next six months has already reflected too much of a rate cut." He also noted that there is significant uncertainty regarding the extent of the economic slowdown.

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