Aave finds itself at a pivotal moment in one of the most significant governance disputes of its existence. The community is deeply split over who will have the right over the brand and trademarks as well as the domains and social media handles of the respective protocol. This is not a battle that will stay isolated to the Aave community. Instead, it will have broader implications, as it reflects the tension between the holders of its respective tokens and the teams who develop the biggest protocols. This tension will have widespread repercussions within the crypto space.
The dispute was also reignited when Aave incorporated CoW Swap by routing a portion of swap fees to Aave Labs and not the DAO treasury. It is argued that this revealed a deeper problem related to brand ownership, particularly because over $33 billion was locked within the Aave ecosystem. The ownership of the brand by the DAO was defended by arguing that token holders assume economic risk and must therefore own the brand.
Ethereum engineers have already started working on the upcoming significant upgrade named Glamsterdam, in the wake of the recent Fusaka upgrade. Additionally, the upcoming significant update, named Glamsterdam, encompasses an update of Ethereum's execution and consensus layers, with an emphasis on enshrined Proposer Builder Separation. This update helps curb the abuse of MEV by introducing Proposer Builder Separation.
Bitcoin engineers remain alert to developments in quantum computing, although no current danger exists. Noted Bitcoin developer Jameson Lopp pointed to the fact that if a problem did arise, it would take five to ten years to implement an upgrade to Bitcoin and to transfer the funds. While far-off risks matter less in bitcoin’s emerging institutional market, they do impact longer-term confidence.
The underlying foundation of EigenLayer has proposed a new governance structure centered on the ideology of incentivizing engaged contributions. The governance structure proposes the redirecting of fees associated with Actively Validated Services as well as EigenCloud payments to EIGEN token holders.
Elsewhere, Upexi has filed to raise as much as $1 billion to support the expansion of the company's cryptocurrency treasury and currently possesses in excess of 2 million SOL. The IMF commended the economic expansion of El Salvador but expressed the ongoing dialogue with bitcoin transparency and risk management. The Russian Central Bank has recommended an approach that would legalize the trade of cryptocurrency but with risk warnings, in conjunction with the EU suggesting that research of a digital euro must be considered with safeguards.
$AAVE #AAVE
