Arbitrum DAO is reportedly reconsidering its Gaming Catalyst Program (GCP), potentially reclaiming 225 million tokens. The Gaming Catalyst Program aimed to cement Arbitrum's status as a powerhouse in on-chain gaming.
Members of the Arbitrum DAO are actively debating whether to revoke funds previously allocated to its gaming ecosystem initiative. The post Arbitrum DAO Debates Revoking Gaming Fund Over Lack of Progress appeared first on Cryptonews.
Members of Arbitrum's decentralized autonomous organization (DAO) are discussing a potential clawback of funds allocated to build a gaming ecosystem on the network, citing a lack of progress and transparency. On March 24, DAO member Nathan van der Heyden submitted a proposal calling for the recovery of unused funds allocated to the Arbitrum Gaming Catalyst Program (GCP).
The GCP was approved during a period of exceptionally optimistic projections that, in hindsight, proved unsustainable, the authors argue.
This week, several significant events are poised to impact the crypto market. The new SEC chair ascension, developments in Ethereum's Pectra Upgrade, and new ecosystem developments have the crypto space buzzing with anticipation.
AAVE could be a focal point for traders this week.
Base and Arbitrum are the leading layer-2 (L2) blockchains by on-chain activities and revenue generation.
The crypto market dipped back into bearish territory as prominent cryptocurrencies, including Bitcoin (BTC), registered notable declines. BTC reached a high of $86,444 as markets rallied.
A poorly timed trade cost a crypto whale $10.9M in potential profits, even as they secured $1.8M from their transactions.
The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.
Many cryptocurrency projects such as Aave, dYdX, Jupiter, and Hyperliquid have recently announced token buyback mechanisms.
Aave Chan Initiative (ACI) founder Marc Zeller, has said that the proposal to revamp the Aave protocol tokenomics has passed the quorum. In a post on X, he noted that implementation of the Aavenomics could start this month.
Aave v3 has launched on Celo, expanding DeFi access to Celo's mobile-first users and opening the platform to broader user growth.
TL;DR New Incubator Initiative: Offchain Labs launches Onchain Labs to accelerate the growth of Arbitrum's DApp ecosystem with hands-on support for innovative projects. Fair Launch Focus: The program emphasizes equitable, community-aligned launches to counter extractive, zero-sum market practices.
The Arbitrum Foundation has announced Onchain Labs, a program that will offer strategic support and resources to experimental projects.
Offchain Labs and the Arbitrum Foundation have launched Onchain Labs, a new initiative to accelerate early-stage projects within the Arbitrum ecosystem. This program aims to provide go-to-market support for experimental and high-risk blockchain applications, fostering innovation and expansion.
Offchain Labs said it will offer collaboration from ideation through launch on Arbitrum, including strategic product development support.
The new program is designed to provide go-to-market support to "experimental and volatile" projects, according to Arbitrum's main developer.
The crypto market has had a bearish start to the week, with most cryptocurrencies trading in the red. However, some have managed substantial gains, including Toncoin (TON), Polkadot (DOT), Hedera (HBAR), and Litecoin (LTC).
The Aave deployment on Celo allows builders and users globally to borrow, lend, and earn yield with “sub-cent” transaction costs and one-block finality. The post Aave V3 is Now Live on Celo appeared first on Cryptonews.
Aave Labs confirms no new token will be issued for Horizon, its initiative to integrate real-world assets into DeFi, maintaining $AAVE as the primary governance and utility asset. The post Aave Confirms No New Token for Horizon, Only $AAVE appeared first on Cryptonews.
Smart money investors have sold some popular cryptocurrencies during the ongoing crypto bear market. At the same time, on-chain data shows that these smart money pros are buying the dip in some cryptocurrencies.
TL;DR Aave DAO rejects the new token proposal for its Horizon initiative, emphasizing the commitment to preserving the value of the existing AAVE token. The Horizon initiative aims to integrate real-world assets into DeFi, facilitating institutional participation through tokenized money market funds.
Aave Labs founder Stani Kulechov has confirmed that no new token will be created for Horizon, Aave's initiative to integrate real-world assets into decentralized finance. According to Kulechov's Mar.
The proposal hinted at a potential 15% token allocation to Aave DAO, raising concerns about diluting the existing AAVE token's value.
The Aave DAO has reached a consensus. According to Aave Labs' CEO, the DAO is not currently looking to invest in tokens other than AAVE.
After a big surge in price last week, AAVE coin has seen a bit of a drop, but it's still the leading lending protocol in the crypto industry.
Aave Labs launched the Horizon initiative on Thursday targeting institutional investors with products centered on tokenized real-world assets (RWAs) to bridge decentralized finance (DeFi) and traditional financial systems.
Leading DeFi protocol Aave has announced plans to launch Horizon, a new initiative focused on building institutional DeFi products. The protocol founder, Stani Kulechov, announced this on X, noting that this initiative will take decentralized finance to the next level.
Offchain Labs Co-Founder & CEO Steven Goldfeder breaks down Arbitrum's BoLD protocol and the broader Layer 2 ecosystem.
Digital asset exchange DigiFT has launched Invesco's tokenized private credit strategy on Arbitrum, further expanding the use cases of real-world assets (RWA) and giving institutional investors access to onchain credit markets.According to a March 13 announcement, Invesco's US Senior Loan Strategy (iSNR) token is now live on Arbitrum, a popular Ethereum layer-2 network. The tokenized asset was launched on Feb. 19 and is designed to track the performance of a private credit fund managed by Invesco, a publicly traded investment manager headquartered in Atlanta, Georgia.
Aave Labs has launched a new initiative called Horizon, which aims to enhance the integration of institutional Real-World Assets (RWAs) into DeFi. Announced on March 13, the project seeks to bridge DeFi's open financial ecosystem with the structured needs of institutional asset issuers, creating a framework that encourages broader participation in on-chain finance.
TL;DR Bridging TradFi and DeFi: Aave Labs launches Horizon to integrate tokenized real-world assets into the DeFi ecosystem, linking traditional finance with decentralized solutions. Unlocking Stablecoin Liquidity: Horizon enables institutions to use tokenized money market funds as collateral to borrow stablecoins like USDC and GHO, reducing costs and enhancing 24/7 liquidity.
The primary goal of Horizon is to bridge the gap between traditional finance and DeFi using the Aave ecosystem as a foundation.
Horizon, an initiative by Aave Labs, proposed a new financial product to bring real-world assets (RWAs) into decentralized finance (DeFi) under a regulatory framework.
This means users can borrow EURC or use it as collateral, opening up new possibilities for DeFi enthusiasts. If you've been looking for more ways to put your crypto to work, this could be a game-changer.
Aave has launched MiCA-compliant EURC stablecoin on Base, enabling users to use it as collateral for lending and borrowing. The decentralized lending and borrowing platform Aave (AAVE) has launched Circle's EURC (EURC) stablecoin on Base layer 2 blockchain.
Offchain Labs, the research and development team behind the Ethereum layer-2 solution Arbitrum, has unveiled a strategic plan to acquire ARB tokens.
TL;DR Offchain Labs has announced a strategic plan to gradually increase its ARB reserves, reinforcing its commitment to the growth of the Arbitrum ecosystem. The company plans to acquire tokens through open-market purchases and other transactions, leveraging technical advancements such as Orbit, Arbitrum BoLD, and Stylus.
Arbitrum announced a strategic buyback plan to acquire ARB tokens amid a prolonged price decline. Its backing company, Offchain Labs, marks a significant move to reinforce its commitment to the ecosystem.
Developers behind Arbitrum, Offchain Labs, have confirmed an impending strategic ARB buyback plan. The initiative involves gradual purchases of ARB assets via the open market and other transactions according to the plan. The move underscores Offchain Labs' dedication to enriching Arbitrum's growth and stability, positioning the blockchain as the leading Ethereum L2 scaling solution.
Offchain Labs, the development team behind Arbitrum, recently announced a strategic plan to purchase ARB tokens.
Offchain Labs revealed it had launched a strategic plan to increase its Arbitrum holdings. The Arbitrum R&D team announced it would purchase Arbitr over time through open market and other transactions.
Offchain Labs said it's reinforcing its commitment to the Arbitrum ecosystem by adding ARB tokens to its treasury.
Ava Labs' bid to bring the automated market maker Balancer onto Avalanche appears set to go through, according to a vote snapshot on Monday.
The Cayman Islands has attracted a number of large crypto companies and foundations, and these new regulations will impact their operations. The post Cayman Islands Introduces New Crypto Licensing, How Will This Affect HBAR, SUI and ARB? appeared first on Cryptonews.
CertiK identified a signature verification exploit on Arbitrum, resulting in a $140,000 theft, highlighting the persistent security vulnerabilities within DeFi platforms. The post CertiK Identifies $140K Signature Verification Exploit on Arbitrum appeared first on Cryptonews.
AAVE signaled a potential rebound as buying interest grew. Rising volume and netflow shifts hinted at a price recovery, but traders watched key resistance levels for confirmation.