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Ignas: There Are Currently Fewer Than 20 Quality Tokens, Looking Forward to Polymarket Launching a TGE
Odaily reports: DeFi researcher Ignas posted on X that there are currently too few quality tokens in the market that truly have strong revenue support—only about 20 projects have holders generating daily revenue of over $50,000. However, this may also further concentrate capital and market attention toward a small number of projects. For this reason, he looks forward to more projects that have already generated actual revenue launching token generation events (TGEs), and hopes Polymarket will also adopt a TGE model.Ignas added that after further considering valuation, token unlocks, and revenue sustainability, the pool of viable targets will shrink even further. Although some tokens may appear attractive, their market cap to fully diluted valuation (MC/FDV) ratios are not ideal. As a result, investors need to bet that demand growth will outpace the supply growth brought by token unlocks, making some tokens more suitable for trading than for long-term holding.Ignas believes that for most tokens, what investors are still trading is narrative and market sentiment, and they need to trust that project teams will deliver on their promises. With several DAOs having recently dissolved, the so-called "decentralized" accountability mechanisms are also not sufficient.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
DeFi asset management and risk analysis company Gauntlet secures $125 million financing from Japanese financial giant SBI Holdings
According to Fortune, DeFi asset management and risk analysis company Gauntlet completed a $125 million financing round, exclusively invested by Japanese financial group SBI Holdings. The financing was completed in June this year, and the specific valuation was not disclosed. This is Gauntlet's largest financing round since its establishment in 2018, far exceeding its $24 million Series B round in 2022 led by Ribbit Capital at a $1 billion valuation. Gauntlet was founded by former Wall Street quantitative trader Tarun Chitra. It initially focused on providing stress testing and vulnerability analysis services for DeFi protocols. Later, as the DAO governance model waned, it gradually transitioned to a "treasury curation" business—assessing yield strategy risks through quantitative analysis to help institutional investors manage digital asset allocation. Currently, its clients include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.
Aave CEO: Will Never Sell AAVE Tokens at a 70% Discount, Designing Aavenomics 3.0 Buyback Mechanism
Odaily Odaily: In response to recent community discussions, the Aave CEO issued a statement clarifying that Aave will never sell AAVE tokens at a 70% discount.According to the "Aave Will Win (AWW)" proposal, 100% of the revenue generated by the Aave protocol and the GHO stablecoin belongs to AAVE token holders. This principle also applies to all product revenues, including Aave App, Aave Pro, and Swaps. As a service provider for Aave DAO, Aave Labs is solely responsible for protocol development and expansion and does not receive any protocol or product revenue.The Aave CEO revealed that Aave's current annualized revenue has reached $134 million, all of which belongs to Aave DAO. Additionally, the Aave brand and related software intellectual property rights belong to AAVE.Furthermore, the team is designing Aavenomics 3.0, which plans to introduce a new, automated, non-discretionary buyback mechanism. More details will be announced later. He stated that Aave's goal is not only to serve the crypto market but also the entire financial asset market, including Real World Assets (RWA).
Aave Founder Responds to Payward Acquisition Rumors: Will Not Sell AAVE at a 70% Discount
Aave founder Stani Kulechov has responded to reports suggesting Kraken's parent company Payward is interested in acquiring a 15% stake in the Aave protocol, stating that AAVE is "not going to be sold at a 70% discount."Prior reports from CoinDesk indicated that Payward was in talks to acquire a 15% stake in Aave at a valuation of $385 million. If calculated at this valuation, it would represent only approximately 30% of AAVE's fully diluted valuation, significantly below the market valuation.In a post on X, Kulechov stated that the relevant reports were not entirely accurate. He did not completely deny the possibility of Aave Labs selling a portion of its held AAVE tokens, but noted that Aave Labs does have a certain allocation of AAVE, and that multiple market participants have discussed purchasing either directly or indirectly, or engaging in deeper collaboration centered around long-term partnerships.Aave is the largest decentralized lending protocol on the Ethereum ecosystem. Kulechov stated that Aave currently generates an annualized revenue of approximately $134 million, with the relevant revenue flowing to the Aave DAO. He has also previously proposed a governance plan to redirect revenue from Aave Labs, the protocol, and its products to the Aave DAO and token holders.These rumors emerge at a time when Aave is experiencing certain pressures. Following the Kelp DAO incident in April, Aave's TVL saw a significant decline. Although Aave itself was not directly attacked, the KelpDAO cross-chain bridge attacker utilized Aave to convert the stolen rsETH into other assets.
Radiant Capital Announces Shutdown, Unable to Recover from $50 Million Hack
According to The Block, the DeFi lending protocol Radiant Capital has announced it will officially cease operations. The protocol suffered a hack in October 2024, losing approximately $51 million; the attacker gained unauthorized access by deploying backdoor contracts on Arbitrum and BNB Chain. Earlier in 2024, the protocol had also been hit by a flash loan attack, resulting in a loss of roughly 1,900 ETH (approximately $4.5 million). After 18 months of recovery efforts, Radiant Capital stated that it has neither recovered a significant portion of the stolen funds nor secured new financing, declaring that “the DAO has no viable path forward.” The protocol will now enter a “maintenance mode”: its frontend and smart contracts remain accessible, allowing users to withdraw funds, repay loans, and manage positions. Any funds recovered in the future will be returned to affected users.
Arbitrum Activates ArbOS 61 Elara Upgrade, Introducing Optional Compliance Filtering and Priority Fee Support for Dedicated Chains
According to The Defiant, Arbitrum officially activated the ArbOS 61 Elara upgrade on August 20, which was approved for deployment via an ArbitrumDAO governance vote. The core features of this upgrade include: introducing an optional protocol-level transaction filtering mechanism for Dedicated Chains, allowing chain owners to independently select external compliance service providers such as TRM Labs and Chainalysis to configure restricted address rules; the filter is disabled by default and does not affect existing Arbitrum One users; adding Priority Fee support, also disabled by default, with its activation on Arbitrum One still requiring a separate DAO constitutional vote; introducing the BaseFeeManager contract, which authorizes Offchain Labs to adjust the L2 minimum Gas fee within a DAO-approved range of 0.01 to 0.10 gwei over a two-year authorization period; additionally, the maximum code size limit for Stylus contracts has been increased from 24 KB to 96 KB, though this does not apply to Solidity contracts.
Andre Cronje: DeFi No Longer Exists, Only On-Chain Finance Remains
Odaily News: Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network, stated that most DeFi protocols are no longer truly decentralized, with only a few niche areas still qualifying as DeFi. He believes DeFi has evolved into "on-chain finance" or "open finance." He pointed out that true DeFi should possess characteristics such as decentralization, immutability, and the absence of intermediaries, whereas the intermediaries in most current protocols have become corporations, taking on traditional financial institution roles such as decision-makers and risk committees. Cronje noted that this does not mean true DeFi has completely disappeared, as some protocols are still innovating. Data from DefiLlama shows that the total value locked (TVL) in DeFi has dropped from $167 billion in early October 2025 to $75 billion at the time of the original report over the past 10 months, a decline of more than half. In a working paper published in March, the European Central Bank (ECB) analyzed Aave, MakerDAO, Ampleforth, and Uniswap, finding that based on holding snapshots from November 2022 and May 2023, the top 100 addresses holding governance tokens in these protocols each controlled over 80% of the token supply. The ECB consequently questioned the level of decentralization of these DAOs and whether they should continue to be regarded as "fully decentralized" services exempt from the Markets in Crypto-Assets Regulation (MiCA). (Cointelegraph)
ENS DAO Passes Proposal to Officially Establish Foundation, Strengthening Decentralized Domain Ecosystem Governance
Odaily News ENS DAO has voted to pass the "Next Era of ENS DAO" proposal and completed on-chain execution, officially establishing the ENS Foundation to usher the ENS ecosystem into a new phase of governance.According to the proposal, the ENS Foundation will become a fully operational organization, equipped with a full-time executive director, a professional team, and a board of directors consisting of 5 members. It will be responsible for ENS's institutional work in legal, policy, standards-setting, and brand protection. ENS stated that over the past nearly decade, it has developed into critical infrastructure within the Ethereum ecosystem, with millions of registered domain names and integration across numerous wallets, applications, and Layer 2 networks. However, the DAO itself lacks a legal entity status, which prevents it from effectively participating in internet naming system governance, signing institutional cooperation agreements, hiring full-time employees, safeguarding trademark rights, or engaging in regulatory discussions. The establishment of the ENS Foundation aims to fill this gap. Going forward, the Foundation will be responsible for:1. Representing ENS in internet standards organizations such as ICANN, IETF, and W3C, to promote the recognition and management of the ".ens" top-level domain (TLD);2. Participating in policy discussions as a legal entity, communicating with regulators and government agencies;3. Holding and protecting ENS trademarks and intellectual property, and combating phishing and impersonation activities;4. Hiring full-time employees to manage ecosystem operations, grant programs, and treasury management;5. Serving as the formal cooperation entity between traditional institutions such as registrars and standards organizations and the ENS ecosystem.
JustLend DAO's fourth repurchase and burn completed, JST cumulative deflation exceeds 17%
Odaily News on July 20th, according to official sources, JustLend DAO, a core project in the TRON ecosystem, has completed four consecutive rounds of efficient repurchase and burn plans. Over 17% of the total supply of $JST has been permanently removed from circulation, marking another milestone in the deflationary process. All funds for this round were raised in compliance with previously approved community mechanisms, with full transparency on-chain, and the burn data can be verified at any time. As a cornerstone of the TRON DeFi ecosystem, JustLend DAO will continue to optimize its repurchase and burn mechanism, driving the ongoing deflation of the token economic model as the market evolves, building a more stable long-term value expectation for JST holders.
Specter Reveals Clues to BONK DAO Governance Attack: Realms Founder's Fund Flow Suspectedly Linked to Attacker
Odaily, on-chain security firm Specter has released preliminary findings on the BONK DAO governance attack. After tracing on-chain fund flows, significant suspicions have emerged: the Realms founder, an address associated with Crypto Notte, shows signs of capital flow interaction with the suspected attacker's wallet.According to the review, the attacker published a malicious governance proposal on June 30. The proposal required 1% of the total BONK circulating supply in voting power to pass. Between July 4 and 5, the attacker acquired sufficient voting weight by purchasing tokens through exchanges and borrowing from Marginfi, totaling approximately $4 million, thereby pushing forward and executing the governance attack.
BonkDAO 遭恶意治理提案攻击，约 2000 万美元 BONK 被盗
据官方消息，BonkDAO 表示，其 DAO 金库 因一项恶意治理提案遭攻击，约价值 2000 万美元的 BONK 代币被盗。调查显示，相关地址曾在提案发起前通过交易所钱包购买 BONK。BonkDAO 正与交易所、跨链桥及 Solana 基金会合作处理此事，执法部门已获通知，后续将继续推进资金追回及责任追查。
Gnosis Safe Wallet Hacked, $7.8M Worth of rsETH Stolen
According to CoinDesk, a Gnosis Safe wallet on Ethereum was attacked, with approximately 2,900 rsETH (valued at around $7.8 million) transferred. Security firms BlockSec, Blockaid, and SlowMist pointed out that the root cause of the attack lies in an authorization check flaw within the wallet-approved Multicall contract—the contract is intended to verify caller permissions, but the vulnerability allows anyone to bypass validation simply by targeting the contract itself. The attacker subsequently moved the rsETH into a liquidity pool based on the valueless token "Permissionless Attacker Token." An automated bot named "yoink" paid approximately $47,000 to frontrun the transaction, transferring 2,882 rsETH to a separate address. rsETH issuer Kelp DAO stated that its smart contracts are secure and rsETH is fully collateralized, and has implemented a 24-hour pause measure on the relevant addresses.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
Bonk Guy Responds to Buying EMBER: Started Building Position at Around $7M Market Cap, Bullish on Its Launchpad Data Growth
Odaily News: Crypto trader Bonk Guy posted on X platform responding to recent controversy surrounding his purchase of EMBER and explaining his position-building logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was around $3 million but did not buy in. After observing for a day, he revisited his research due to the platform's rapid data growth and bought in from around a $7 million market cap all the way up to a $20 million market cap.Bonk Guy said that EMBER is a major Launchpad built on Meteora, supporting SOL, USDC, and over 150 tokenized stocks as pairing assets for token issuance. It utilizes Meteora Dynamic Bonding Curve technology and offers features such as token fee distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember has recorded approximately $51.7 million in trading volume, $561,000 in fees, and has cumulatively issued 2,041 tokens within 3 days of launch, with over 41,800 unique holder addresses and 149,000 Solana transactions. BonkGuy compared his Ember purchase to his previous PONS trade, noting that he first saw PONS when its market cap was below $1 million, similarly ignored it for a full day, and then started buying at around a $4 million market cap. Rather than whether a trending token has already emerged, what matters more is observing the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, while Solana's Meme trading ecosystem has been developing for a longer time, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also stated that his trades are not based on market consensus. Some of his most successful trades in the past often came from discovering opportunities before the market formed a consensus; by the time everyone agrees, the asymmetric upside potential has usually already been significantly reduced.Regarding the recent controversy, Bonk Guy said that the claim of "EMBER having over 50% Bubblemaps address clusters" has been clarified by Bubblemaps; his earlier statement that Ember was "launched by Meteora" was also inaccurate—a more precise description is that Ember is built on Meteora-related infrastructure and has now been listed on Meteora's ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.
Core DAO Plans Emergency Hard Fork as Validators Receive Excess CORE Rewards
Odaily News: Blockchain project Core DAO has announced a coordinated emergency hard fork, caused by validators receiving CORE rewards exceeding the blockchain's originally scheduled issuance. Core DAO stated that the incident is under control, malicious validators can no longer continue to obtain excess rewards, and the upgrade will not roll back the network or revoke confirmed transactions.Core DAO previously stated that a small number of validators had accumulated rewards significantly higher than the protocol's set issuance, and that the incident only involved reward distribution, with user assets remaining secure. Coinbase, Bithumb, Coinone, Bitget, and LBank had restricted CORE deposits, withdrawals, or transfers.Core DAO has not yet disclosed the amount of excess CORE issued, the duration of the related activity, whether the extra tokens entered circulation, or the cause of the vulnerability, and stated that it will publish a technical post-mortem report. (Cointelegraph)
All-time high: Robinhood Chain surpasses $13.05 million in cumulative fees within two months of launch
Odaily News – Just two months after its launch, Robinhood Chain has seen cumulative transaction fees rise to $13.05 million, setting a new all-time high. Based on the annualized average of the last 30 days of fee revenue, the annualized revenue scale stands at approximately $110 million. At current cumulative revenue levels, roughly $1.3 million will flow directly to the Arbitrum ecosystem. Under the cooperation licensing agreement between the two parties, Robinhood Chain is required to return 10% of its protocol net revenue to the Arbitrum ecosystem, with 8% going to the Arbitrum DAO treasury and 2% to the Arbitrum Developer Guild.
Optimism governance vote sparks controversy: 5.469 million OP tokens redirected from user airdrop to ecosystem fund
an Optimism community governance proposal has been passed, reallocating 546.9 million OP tokens originally intended for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions within the community over governance transparency and user rights.The OP tokens involved in this proposal account for approximately 12.7% of the total supply, valued at around $49.7 million at current prices. The Optimism Foundation stated that as the ecosystem strategy shifts toward institutional adoption and enterprise partnerships, large-scale user airdrops no longer fully align with the current development direction, and unused tokens can be deployed for ecosystem incentives, partnership building, and enterprise-level project expansion.The vote ultimately passed with 17.974 million OP in favor and 10.931 million OP against. The pivotal turning point came 16 minutes and 52 seconds before the vote closed, when Test in Prod (delegate.testinprod-io.eth), the core development team of the Optimism ecosystem, cast 8.486 million OP in support, raising the approval ratio from 45.77% to 61.84% and ultimately pushing the proposal through.Excluding Test in Prod's vote, the proposal's support rate would stand at only 46.47%, failing to pass, and the relevant tokens would likely have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related outcomes through annual budget reports. This vote has also reignited discussions about the influence of "large delegated voting power" in DAO governance and the balance of token holder rights. (CoinDesk)
Marinade Discloses DAO Voting Vulnerability: Attacker Submitted Malicious Proposal Without Causing Financial Loss
Attackers exploited a voting power calculation vulnerability to submit two malicious proposals attempting to replace the voting mechanism and transfer funds from the DAO treasury, but neither proposal passed, and no funds were transferred.
Chainlink Releases CCIP 2.0, Allowing Large Crypto Apps to Customize Cross-Chain Security Verification
Odaily News: Cross-chain protocol Chainlink has released CCIP 2.0, allowing enterprises to add their own security checks for cross-blockchain transfers on top of its default network of 16 operator validators.The upgrade comes after Kelp DAO suffered a $292 million hack in April, an incident attributed to a LayerZero cross-chain bridge setup using a single validator; Kelp DAO subsequently migrated its rsETH token to Chainlink.Chainlink's risk management network no longer operates as a standalone security safeguard, and users who do not add their own validators will rely on one validation network rather than two. (CoinDesk)
Gnosis Safe Wallet Hacked, $7.8M Worth of rsETH Stolen
According to CoinDesk, a Gnosis Safe wallet on Ethereum was attacked, with approximately 2,900 rsETH (valued at around $7.8 million) transferred. Security firms BlockSec, Blockaid, and SlowMist pointed out that the root cause of the attack lies in an authorization check flaw within the wallet-approved Multicall contract—the contract is intended to verify caller permissions, but the vulnerability allows anyone to bypass validation simply by targeting the contract itself. The attacker subsequently moved the rsETH into a liquidity pool based on the valueless token "Permissionless Attacker Token." An automated bot named "yoink" paid approximately $47,000 to frontrun the transaction, transferring 2,882 rsETH to a separate address. rsETH issuer Kelp DAO stated that its smart contracts are secure and rsETH is fully collateralized, and has implemented a 24-hour pause measure on the relevant addresses.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
YAM Finance faces governance takeover attack, attacker submits empty proposal aiming to control Timelock
Odaily News: According to Defimon monitoring, YAM Finance has suffered a governance takeover attack. The attacker self-delegated approximately 504,000 YAM tokens, accounting for about 3.3% of the total supply, slightly above the legal voting threshold, and subsequently submitted proposal #45 to YamGovernorAlpha. The proposal description is empty and only contains an operation to call the setPendingAdmin method of the YAM Timelock contract, redirecting permissions to the attacker's address. If the proposal passes and is executed, the attacker will become pendingAdmin and can then fully control the Timelock through acceptAdmin, thereby gaining administrative access to all YAM protocol contracts and the DAO treasury, involving a risk amount of approximately $337,000. As the YAM protocol is currently in a dormant state, Defimon Alerts reminds YAM holders to vote against this proposal before block height 25897343, with approximately 34 hours remaining until that block.
Core DAO Plans Emergency Hard Fork as Validators Receive Excess CORE Rewards
Odaily News: Blockchain project Core DAO has announced a coordinated emergency hard fork, caused by validators receiving CORE rewards exceeding the blockchain's originally scheduled issuance. Core DAO stated that the incident is under control, malicious validators can no longer continue to obtain excess rewards, and the upgrade will not roll back the network or revoke confirmed transactions.Core DAO previously stated that a small number of validators had accumulated rewards significantly higher than the protocol's set issuance, and that the incident only involved reward distribution, with user assets remaining secure. Coinbase, Bithumb, Coinone, Bitget, and LBank had restricted CORE deposits, withdrawals, or transfers.Core DAO has not yet disclosed the amount of excess CORE issued, the duration of the related activity, whether the extra tokens entered circulation, or the cause of the vulnerability, and stated that it will publish a technical post-mortem report. (Cointelegraph)
Aave Labs proposes establishing an Aave Foundation to hold and protect protocol intellectual property rights.
The decentralized lending protocol Aave community has released an ARFC proposal, proposing the establishment of a "memberless" foundation entity, Aave Foundation, in the Cayman Islands to hold the Aave trademarks, core domain names, and intellectual property rights of the codebase. According to the proposal's plan, the structure will be implemented in phases. Phase I involves solely the establishment of the entity and the appointment of independent directors and supervisors, with all associated costs borne by the decentralized autonomous organization (DAO) and no regular budget established.
Sentora Initiates ARFC Proposal to Operate an Independent Lending Market on Aave V4
Odaily News: DeFi protocol Sentora has initiated an ARFC proposal to operate an independently curated lending market on Aave V4. The initial deployment will be on Ethereum, supporting stablecoin lending such as RLUSD, PYUSD, and OUSD, with Aave DAO receiving 50% of the revenue from this instance.The Aave DAO governance short-term executor will retain structural ownership of the instance and hold the management roles for all hub-and-spoke contracts, configurators, and the native AccessManager.
Chainlink Releases CCIP 2.0, Allowing Large Crypto Apps to Customize Cross-Chain Security Verification
Odaily News: Cross-chain protocol Chainlink has released CCIP 2.0, allowing enterprises to add their own security checks for cross-blockchain transfers on top of its default network of 16 operator validators.The upgrade comes after Kelp DAO suffered a $292 million hack in April, an incident attributed to a LayerZero cross-chain bridge setup using a single validator; Kelp DAO subsequently migrated its rsETH token to Chainlink.Chainlink's risk management network no longer operates as a standalone security safeguard, and users who do not add their own validators will rely on one validation network rather than two. (CoinDesk)
Compound Foundation Exposed for Misappropriating 8.42 Million DAI to Manipulate Governance Votes
According to disclosures by Compound community member ugurmersin, the Compound Foundation is suspected of violating the strict provisions of Proposal #536. The proposal originally assigned 8.42 million DAI from the DAO's reserves to the Foundation for management, explicitly stipulating that the funds could only be used to support protocol operations, strictly prohibiting proprietary trading or speculation, and forbidding their use to fund the Foundation's own business.
Aave V4 Lists Coinbase Tokenized Stocks, Enabling USDC Borrowing Against Tokenized US Equities
Odaily News: Coinbase tokenized stocks are now live on the Base deployment of Aave V4. Eligible users in jurisdictions outside the United States can use AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc as collateral to borrow USDC. This V4 instance was deployed by Aave Labs on behalf of the Aave DAO, with risk analysis conducted by LlamaRisk. Chainlink, as Coinbase's official oracle solution, provides price data for the tokenized stocks, including underlying stock prices and issuer multipliers.
Fees Reach $114 Million, Robinhood Chain's August DEX Trading Volume Rises to $1.5 Billion
Odaily reports: According to Spartan Capital monitoring, Robinhood Chain launched its mainnet on July 1, 2026. By the end of August, on-chain TVL had grown to $711 million, with August on-chain gas revenue reaching $6.6 million. The majority of August trading volume came from Uniswap, and on August 31, single-day on-chain fees briefly reached $2.1 million.Robinhood operates the sequencer and receives approximately 90% of on-chain fees; after deducting Ethereum settlement costs and the 10% licensing share paid to Arbitrum DAO, August net revenue was approximately $6 million.Robinhood Earn users deposited USDG and borrowed through Morpho, with deposits growing from $9.5 million on July 1 to $456 million on August 31, accounting for 68% of TVL at the end of the month. Users' estimated annualized yield was approximately 7%, while the lending side yield was approximately 3.7% at the end of August, with the spread subsidized by incentive funds from Morpho and its lending partners.As of the end of August, more than 340,000 tokens had been issued on-chain; Meme tokens paired with Robinhood Stock Tokens recorded $518 million in trading volume in August. Currently, on-chain trading activity is primarily driven by crypto-native users, and Robinhood's 27 million funded accounts have not yet migrated to the chain at scale. Robinhood wallet gas subsidies will continue until September 29, and Earn yields are planned to be gradually reduced.
Related news
TRON DeFi Summer S3 officially kicks off, with $2 million and Boosted APR rewards lasting for 60 days.
TRON DeFi Summer S3 officially launches with a total prize pool of $2 million, comprising a $1 million TRX pool, a $600,000 USDD pool, a $300,000 JST pool, and a $100,000 SUN pool. The four asset pools are simultaneously launching a 60-day Boosted APR incentive program. Users can participate in JustLend DAO via Binance Wallet DeFi. Those who took part in S2 do not need to redeposit; maintaining their current positions will seamlessly carry over S3 reward eligibility. Although S2 has concluded, the 60-day Boost window for S3 has just opened—both new and existing users can join immediately to continue maximizing their earnings on TRON DeFi through JustLend DAO.
TRON DeFi Summer S3 to Launch Tomorrow with $2 Million Total Prize Pool
Odaily News On October 3, TRON DeFi Summer announced that S3 will officially launch tomorrow (October 4) at 08:00 SGT, with a total prize pool of $2 million, including $1 million in the TRX pool, $600,000 in the USDD pool, $300,000 in the JST pool, and $100,000 in the SUN pool. All four asset pools will simultaneously launch a 60-day Boosted APR incentive.Users can participate by entering JustLend DAO through Binance Wallet DeFi. S2 position holders will automatically retain their S3 reward eligibility without any additional action required.
Aave Labs proposes establishing an Aave Foundation to hold and protect protocol intellectual property rights.
The decentralized lending protocol Aave community has released an ARFC proposal, proposing the establishment of a "memberless" foundation entity, Aave Foundation, in the Cayman Islands to hold the Aave trademarks, core domain names, and intellectual property rights of the codebase. According to the proposal's plan, the structure will be implemented in phases. Phase I involves solely the establishment of the entity and the appointment of independent directors and supervisors, with all associated costs borne by the decentralized autonomous organization (DAO) and no regular budget established.
TRON DeFi Summer S3 Set for October 4: $2 Million Prize Pool Takes Over, Yields on Four Major Assets Continue
TRON DeFi Summer announces the latest schedule for S3: The event will officially launch on October 4 at 08:00 (SGT), lasting 60 days, with a total prize pool of $2 million, comprising a $1 million TRX pool, a $600,000 USDD pool, a $300,000 JST pool, and a $100,000 SUN pool. Users can access JustLend DAO through Binance Wallet DeFi to participate in Boosted APR incentives. Users who have already participated in S2 do not need to re-apply; simply maintaining their positions will automatically extend their eligibility for S3 rewards. New users can prepare their assets in advance and join immediately once the event goes live. More S3 activities will be announced soon.
Alliance DAO Co-Founder: The crypto era from the early 2010s to the early 2020s provided ordinary people with rare early investment opportunities.
He believes that, in contrast, most technological waves, including AI, typically emerge first within Silicon Valley, and those who are able to participate at an extremely early stage and thereby accumulate substantial wealth are usually just a small minority who were already closely connected to the core circles.
TRON DeFi Summer S3 to Launch on October 4 with $2 Million Total Prize Pool
Odaily News: On October 1, TRON DeFi Summer announced that S2 is coming to a close, and S3 will officially launch on October 4 at 08:00 (SGT), bringing 60 days of Boosted APR incentives and a $2 million total prize pool, with TRX, USDD, JST, and SUN continuing to participate. Users can access JustLend DAO through Binance Wallet DeFi to explore on-chain yield opportunities. Users who have already participated in S2 do not need to re-subscribe; maintaining their current positions will allow them to seamlessly participate in S3 and continue to qualify for rewards. Users who have not yet participated can prepare their assets in advance and join as soon as the campaign begins. More S3 gameplay will be announced soon — the next chapter of the yield journey continues without pause.