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“# Nightlife comes to the metaverse as Decentral Games opens Atari Casino ” Virtual land governance DAO Decentral Games is continuing to expand into the metaverse nightlife space with the launch of an Atari-branded casino. The casino will be the third such gambling establishment for the DAO, which purchases land in virtual worlds like Decentraland…
“# Inverse Finance acquires Tonic Finance in possible first-ever DeFi protocol merger ” In a possible decentralized finance (DeFi) first, Inverse Finance’s governance has approved today a proposal to buyout Tonic Finance in a $1.6 million-dollar deal that will bring Tonic under Inverse’s umbrella. First floated after “weeks of negotiation” in early April, members of…
“# Lending giant Aave set to launch liquidity mining program ” With a liquidity mining program set to launch on Monday, Aave could be on the cusp of becoming the dominant decentralized finance (DeFi) ledning protocol. Earlier today, Aave Improvement Proposal (AIP) 16 reached quorum, meaning that starting on Monday, 4/26 liquidity providers and borrowers…
“# Nexus Mutual moves to sundown legal entity, lift KYC requirements ” In a move that could point towards greater decentralization and wider access, the Nexus Mutual community is currently considering a proposal to sunset the coverage protocol’s legal entity and lift Know Your Customer (KYC) burdens currently necessary to interact with the platform. The…
“# Yearn Finance reveals ‘Coordinape’ decentralized grant distribution platform ” Yield vault protocol Yearn Finance has revealed today the details of “Coordinape,” a new platform for distributing the $40,000-per-month Yearn DAO community grants budget — just one initiative in a wider effort to further decentralize Yearn’s governance. Yearn founder Andre Cronje — who said in…
“# Vitalik Buterin: NFTs can be a social good, not just a casino for rich celebrities ” Ethereum co-creator Vitalik Buterin believes NFTs can be applied to socially relevant causes such as charities and funding public goods, but not while the technology is still viewed as a “casino that largely benefits already-wealthy celebrities.” The author…
“# Gnosis and Snapshot create tool to bind DeFi governance votes on-chain ” Gnosis and Snapshot have collaborated to develop SafeSnap, a product that allows automatically executing successful governance votes on Snapshot. The module, which combines features of Gnosis Safe Multisig and the Snapshot off-chain governance platform, was released on Tuesday. Snapshot is a “governance-as-a-service”…
“# DeFi summer 2.0? ‘Gen 2’ tokens on a tear amid wider market slump ” As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances. It’s a set of outlier projects…
“# ‘Better as friends’: DeFi protocols Yearn and Cover announce cessation of merger ” Decentralized finance (DeFi) protocols Yearn Finance and Cover have announced today the end of a protocol merger process initiated in November last year. The two protocols were initially linked during a spree of a half-dozen Yearn acquisitions, mergers, or collaborations, the…
“# Reno to digitize Burning Man ‘Space Whale’ as NFT on Tezos blockchain ” Reno, the closest major city to the famous art festival Burning Man, is developing its own decentralized autonomous organization, or DAO, and a token in partnership with Tezos. Mayor Hillary Schieve announced the city’s plans to create the Reno DAO in…