🚀 Aragon Introduces Gas-Free On-Chain Voting and Integrates LayerZero V2
#Aragon #GasFreeVoting #OnChainVoting #LayerZero #DecentralizedGovernance #DAO #ZKsync #AccountAbstraction #VotingEfficiency #BlockchainGovernance #ZRO
According to Odaily, decentralized governance solution Aragon has announced an update that introduces gas-free on-chain voting. This new feature aims to enhance the voting experience for DAO members by eliminating gas fees, making participation more accessible and cost-effective.
The update also includes the integration of LayerZero V2, which aggregates votes across different chains, ensuring a more streamlined and efficient voting process. Additionally, Aragon leverages ZKsync's native account abstraction and txSync's Tsuko payment functionality to subsidize gas fees for DAO members, further reducing the financial burden associated with on-chain voting.
These enhancements are expected to significantly improve the usability and efficiency of Aragon's governance platform, making it easier for DAO members to participate in decision-making processes without worrying about gas costs.#Aragon #GasFreeVoting #OnChainVoting #LayerZero #DecentralizedGovernance #DAO #ZKsync #AccountAbstraction #VotingEfficiency #BlockchainGovernance #ZRO
🚀 DYdX Community Initiates On-Chain Voting for Zebec Network Support
#DYdX #ZebecNetwork #ZBCN #OnChainVoting #Governance #Blockchain #CryptoVoting #DYDX
According to Odaily, the official governance page of dYdX has announced that the community has initiated an on-chain vote to support the Zebec Network (ZBCN). The voting process is set to conclude on October 19 at 12:07 UTC+8.#DYdX #ZebecNetwork #ZBCN #OnChainVoting #Governance #Blockchain #CryptoVoting #DYDX
🚀 LayerZero to Hold Public Referendum on Fee Conversion
#LayerZero #ZRO #publicreferendum #feeconversion #protocolfees #crosschain #governance #onchainvoting #Arbitrum #Optimism
According to BlockBeats, Risitas Capital announced on December 10 that LayerZero (ZRO) will conduct a public referendum on December 19 to decide on the activation of a fee conversion mechanism.
The official documentation previously outlined that ZRO holders have perpetual control over the accumulation of protocol fees. An immutable voting contract mandates a public on-chain referendum every six months, allowing ZRO holders to vote on whether to enable or disable the protocol's fee switch.
The LayerZero protocol may impose fees equivalent to the total cost of verifying and executing cross-chain messages. For instance, if an application chooses a DVN and executor configuration that charges $0.01 for transactions between Arbitrum and Optimism, LayerZero could also levy a $0.01 fee.
Should the governance activate the fee switch, the referendum's financial contract will collect and burn these fees on the local chain.#LayerZero #ZRO #publicreferendum #feeconversion #protocolfees #crosschain #governance #onchainvoting #Arbitrum #Optimism
🚀 Spotify User Community Votes to Tokenize Data for AI Music Platform
#Spotify #UnwrappedDAO #tokenization #AI #musicplatform #SoloAI #dataSovereignty #Vana #VRC20 #datatokens #valueSharing #onChainVoting #musicdata
According to Foresight News, the community of Spotify users known as Unwrapped DAO has voted to tokenize their Spotify usage data and sell the dataset to the AI music platform SoloAI. This transaction is executed using the decentralized infrastructure of the data sovereignty protocol Vana. Through this process, users receive VRC-20 data tokens by pooling their data.
These VRC-20 data tokens grant contributors programmable control, value-sharing rights, and on-chain voting rights. Additionally, they can be used to authorize access to the dataset.
Currently, Unwrapped, which focuses on music data, holds the second position in Vana Epoch 6.#Spotify #UnwrappedDAO #tokenization #AI #musicplatform #SoloAI #dataSovereignty #Vana #VRC20 #datatokens #valueSharing #onChainVoting #musicdata
🚀 Arbitrum DAO Considers $1.5 Million Plan to Encourage Active Voting
#Arbitrum #DAO #VotingIncentives #ARB #CryptoGovernance #Blockchain #OnChainVoting #VoterParticipation #SnapshotData #Proposal #Rewards #DecentralizedGovernance #CryptoNews
According to ChainCatcher, Arbitrum DAO is currently voting on a $1.5 million proposal aimed at rewarding representatives for active participation in voting. The proposal, introduced on November 19, seeks to reduce voter apathy and enhance active voting rights. To qualify for rewards, representatives must hold at least 200,000 ARB voting rights, participate in voting on proposals, and publicly disclose their voting rationale within five days.
The reward amount is determined by the representative's share of voting rights, the type of proposal, and the remaining budget. Major on-chain votes can earn up to $700 each, while smaller off-chain votes have a cap of $300. As of the end of today's voting, Snapshot data indicates that 55.8% support the plan, 27.5% abstain, and 16.5% oppose it. The plan is set to run for an initial period of one year, with the DAO Operations Committee tracking expenditures and managing the budget quarterly. If the plan ends early, any remaining funds will be returned.#Arbitrum #DAO #VotingIncentives #ARB #CryptoGovernance #Blockchain #OnChainVoting #VoterParticipation #SnapshotData #Proposal #Rewards #DecentralizedGovernance #CryptoNews
🚀 Galaxy to Utilize Broadridge's ProxyVote for Onchain Shareholder Voting
#Galaxy #Broadridge #ProxyVote #OnchainVoting #ShareholderVoting #AnnualMeeting #AvalancheBlockchain #TokenizedSecurities #GovernanceVotes #Blockchain #AVAX
Galaxy has announced its plan to employ Broadridge's ProxyVote platform for its upcoming annual meeting and shareholder vote in May. According to NS3.AI, this move marks Galaxy as the first company to leverage the expanded platform for onchain shares. Broadridge has revealed that ProxyVote now accommodates both traditional and tokenized securities. Initially, the service will record governance votes on the Avalanche blockchain, with plans to extend support to additional chains in the future.#Galaxy #Broadridge #ProxyVote #OnchainVoting #ShareholderVoting #AnnualMeeting #AvalancheBlockchain #TokenizedSecurities #GovernanceVotes #Blockchain #AVAX
🚀 Galaxy Digital Initiates First On-Chain Shareholder Voting for Tokenized Stocks
#GalaxyDigital #OnChainVoting #TokenizedStocks #CorporateGovernance #Blockchain #TransparentVoting #OnChainDemocracy
Galaxy Digital is set to conduct the world's first on-chain shareholder voting for a publicly listed company, allowing holders of tokenized stocks to directly exercise their voting rights. According to PANews, this initiative signifies a shift in corporate governance from opaque proxy systems to a transparent and immutable era of on-chain democracy.#GalaxyDigital #OnChainVoting #TokenizedStocks #CorporateGovernance #Blockchain #TransparentVoting #OnChainDemocracy