Latest news with #DAO
Yahoo
5 days ago
- Business
- Yahoo
Solana's Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury
Jito Labs proposed a new governance proposal on Tuesday, called JIP-24, aimed at decentralizing the network further by routing all its Block Engine and Block Assembly Marketplace (BAM) fees directly to the Jito DAO treasury. If approved, the DAO would assume control over protocol revenue streams, directing them to the network's JTO tokenholders. This in turn would reduce Jito Labs' own influence over the network of the same name, while a DAO subgroup takes on a greater role in development — which in turn Jito Labs hopes will ultimately boost the Jito token's value. Currently, rewards from Jito's Block Engine are split evenly — 3% to Jito Labs and 3% to the DAO. JIP-24 would eliminate this split, sending the full 6% of fees, along with all future BAM-related revenue, to the DAO treasury permanently. 'This proposal reflects the commitment of the Jito ecosystem to ensure that protocol fees accrue directly to the token holders as optimally as possible and cements the DAO as central to the technical and economic governance of the Jito Network,' the Jito Labs team wrote in their proposal. The Jito Network operates as a key block-building layer within Solana's ecosystem, offering MEV-focused tools like its Block Engine and BAM to optimize transaction sequencing and fee distribution. These tools allow validators to earn additional rewards while aligning incentives between network participants and tokenholders. A core element of the proposal is BAM, Jito's recently launched marketplace for programmable block assembly on Solana. BAM introduces 'plugins' that can modify transaction sequencing logic, potentially unlocking new revenue streams. According to the proposal, fees from BAM, particularly those linked to plugin activity, would also be routed to the DAO, contributing to what the team estimates will be $15 million in new annual revenue. The proposal also earmarks those funds for initiatives developed by the Cryptoeconomics SubDAO (CSD), a governance subgroup tasked with designing tokenholder-facing value accrual strategies. If passed, JIP-24 would represent a significant shift in how Jito's protocol revenue is governed, expanding the DAO's financial role and giving tokenholders a greater stake in the network's long-term in to access your portfolio
Business Upturn
5 days ago
- Business
- Business Upturn
Avilom Advances Toward Mainnet with AI-Driven Blockchain Innovations
By GlobeNewswire Published on August 6, 2025, 05:00 IST Dubai, United Arab Emirates , Aug. 05, 2025 (GLOBE NEWSWIRE) — Avilom, the first self-evolving Layer 1 blockchain protocol driven by artificial intelligence, has reached a critical development milestone with the completion of its Alpha testnet architecture and the release of new tools for developers. By embedding AI at every layer—from consensus to governance—Avilom is redefining what's possible in decentralized infrastructure. Following months of engineering, research, and community collaboration, the Avilom protocol has introduced key components of its network, including the NeuroProof™ Consensus, predictive fee optimization, zk-AI privacy layer, and adaptive on-chain oracles. These innovations are designed to solve problems like outdated data feeds, unpredictable gas costs, and inflexible governance models that plague traditional blockchains. The Avilom testnet allows developers and node operators to experiment with advanced tooling, simulate AI-staked validator models, and deploy smart contracts using the latest Avilom SDK. In this early phase, the platform is also validating its zk-AI proof system—allowing complex AI computations to be verified on-chain without exposing sensitive datasets. 'With AI at the core, Avilom isn't just a blockchain—it's a learning system,' said a spokesperson for the Avilom team. 'This progress brings us closer to a decentralized future where protocols evolve based on performance, not politics.' What's New in the Testnet Phase Real-time AI-staked consensus using the NeuroProof framework Dynamic oracle feeds driven by on-chain machine learning zk-AI privacy engine for secure off-chain model verification Reinforcement-learning fee optimizer to reduce congestion and volatility Developer toolkit for contract deployment and validator simulation Next Milestones Q4 2025: Beta testnet and ecosystem onboarding Q1 2026: Cross-chain neural bridge testing and documentation expansion Q3 2026: Launch of DAO governance framework and privacy toolkit Q1 2027: Mainnet launch with full protocol stack and validator staking About Avilom Avilom is a self-evolving blockchain infrastructure that integrates artificial intelligence across its core layers. With real-time adaptation, privacy-enhancing protocols, and predictive automation, Avilom supports the next generation of decentralized applications, cross-chain systems, and privacy-aware AI computation. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Associated Press
01-08-2025
- Business
- Associated Press
GEMtrust DAO Launches GEM DiCom: The First Digitally Native Commodity Rooted in Investment-Grade Gemstones
07/31/2025, Zug, Switzerland // KISS PR Brand Story PressWire // GEMtrust DAO has officially unveiled GEM DiCom (Digital Commodity) – a new blockchain-based asset class that is transparently associated to audited gemstone reserves held in secure Swiss vaults. Unlike stablecoins or tokenized securities, GEM DiCom does not maintain a fixed value, peg, or offer redemption rights. Instead, it is a market-driven digital asset whose value is shaped by market supply and demand, and whose credibility stems from transparent association with a diversified portfolio of certified gemstones. ' GEM DiCom isn't a stablecoin and doesn't promise price stability or redemption,' said the team behind GEMtrust. 'It's a digital commodity, purpose-built to reflect the resilience and long-term value of rare physical resources – without requiring trust in a central issuer. ' GEM DiCom is governed by GEMtrust DAO, a decentralized organization initiated by trusted German and Swiss institutions with deep expertise in gemology, asset custody, and blockchain. No single company or individual controls the project. The DAO ensures transparency through proof-of-reserve, smart contract governance, and third-party certification – not by offering direct claims to physical gemstones. Key Features of GEM DiCom: Through the creation of the GEM DiCom, GEMtrust DAO aims to provide a digital asset that's as stable, scarce, and enduring as the gemstones it represents – offering a new framework for long-term wealth preservation in the digital age. For more information about GEM DiCom, visit: About GEMtrust DAO GEMtrust DAO is a decentralized governance framework established by a coalition of German and Swiss institutions with expertise in gemology, asset security, and blockchain infrastructure. The DAO was deliberately structured to eliminate central control, reduce manipulation risk, and ensure operations remain open, traceable, and resilient. GEMtrust does not ask for trust in a name – it removes the need for trust through fully auditable, verifiable systems. Media Contact: [email protected] Disclaimer: This press release is for informational purposes only and does not constitute investment advice, financial guidance, or a solicitation to buy or sell any securities or cryptocurrencies. The statements, views, and opinions expressed in this release are solely those of the issuing company or its authorized representatives. The publisher, distributor, and any associated third parties make no representations or guarantees of profit, and explicitly disclaim any liability for losses or damages incurred as a result of using or relying on the information presented. Cryptocurrency and digital asset investments carry a high level of risk, including the potential loss of all capital. There are no guarantees of performance, and markets may become illiquid or go to zero. Readers are strongly encouraged to conduct their own independent research and consult with licensed financial professionals before making any investment decisions. By accessing and reading this press release, you agree not to reproduce, distribute, or use this content for any unlawful or unauthorized purposes. Use of this content signifies your acceptance of these terms. For any questions or clarifications, please contact the issuing company directly. Do not contact the publisher, distributor, or any unrelated third party.
Yahoo
28-07-2025
- Business
- Yahoo
Inverse Finance snags $2.6m from DeFi investors to plug bad debt hole
DeFi lending protocol Inverse Finance, with more than $178 million in investor funds, has patched a $2.6 million bad debt hole in the project's finances. A bad debt happens when a loan position cannot be repaid because the collateral used to borrow funds has lost a lot of its value, which leaves the lender with a hole in their finances. It can happen due to malicious exploits that drain liquidity from lending pools or a massive market decline that causes the price of collateral tokens to plummet. Shop Top Mortgage Rates A quicker path to financial freedom Personalized rates in minutes Your Path to Homeownership On Monday, Inverse Finance secured funds to service the bad debt by selling 104,000 of its native Inverse tokens to a cohort of DeFi investors. The token sale was for 25 Dola per Inverse token, to raise the $2.6 million required. Dola is the protocol's dollar-pegged stablecoin, while the Inverse token controls the protocol and absorbs financial risks. The latter is also the governance token for the DAO that controls the protocol. Given the relationship between both tokens, the deal effectively means investors are betting that the Inverse token's long-term growth potential can cover the bad debt liability, and the DAO proposal for the move did not hide this trade-off. 'This is our way of sending a message to everyone that Inverse DAO never abandons its users always repays its debts,' Nour Haridy, Inverse Finance founder, told DL News. Haridy called the repayment 'an investment into the future.' The Inverse tokens acquired by the investors will be locked for six months. Inverse tokens traded for more than $43 on Monday, a 72% premium on the cost basis of the DeFi investors. The bad debt traces back to malicious exploits on Inverse Finance lending markets that have since been deprecated. Those defunct lending markets suffered two malicious exploits in April and June 2022 that resulted in more than $24 million in losses. A portion of the bad debt also comes from Euler Finance's $200 million flash loan attack of March 2023. Euler has since recovered the hack and now holds more than $1 billion in investor assets, a 10-fold growth in 2025. 'A moral obligation' Monday's repayment whittles the protocol's bad debt exposure to $3.4 million, which the DAO plans to cover by borrowing from another lending protocol. Haridy said the protocol didn't have a choice but to cover the bad debt. 'Dola would've collapsed due to the elevated bad debt levels back then and more people would lose their money,' Haridy said. 'We had a moral obligation towards people who trusted Dola with their hard earned money and we chose to fulfill this obligation.' The repayment also comes as the protocol reached $100 million in loans on its fixed-rate lending market platform FiRM, another sign of recovery for a protocol that has suffered multiple crises. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him atosato@ Sign in to access your portfolio
Yahoo
28-07-2025
- Business
- Yahoo
Aave votes to launch white-label lending protocol on Kraken's Ink blockchain
Aave, the largest DeFi lending protocol, is set to launch on Kraken's Ink blockchain. The Aave DAO proposal, created on July 17, aims to deploy a centralised version of Aave's lending market on Ink. The new protocol will be controlled by the Ink Foundation under a new name, with a portion of revenue going back to the DAO. 'By granting a license to deploy a centralized version of the Aave codebase, Aave can expand its technology adoption while creating new revenue streams through partnerships with innovative platforms,' the proposal states. Coming at a time when deposits into DeFi lending protocols are hitting record highs, Ink is looking to tap into this market and take advantage of Aave's code. Aave currently controls about half of the $65 billion lending market, according to DefiLlama. With nearly $32 billion in deposits, it is currently the secod-largest DeFi protocol. Ink blockchain Kraken, the US-based centralised exchange, launched its layer 2 blockchain Ink in December 2024. The launch was met with little enthusiasm, bringing in less than $1 million in deposits within the first month. With a fewer than two-dozen protocols, the chain has yet to become a major player in the competitive layer 2 landscape. As of Friday, protocols on Ink had just over $9 million in deposits, placing the blockchain well outside the top 100. Volumes on decentralised exchanges on Ink have also underwhelmed, falling from a peak of about $195 million in May to $67 million in June. Other centralised exchange-backed layer 2s have seen more success. Coinbase's Base has over $5.7 billion in deposits while ByBit's Mantle has over $250 million. To buck this trend and encourage new users to join the blockchain, the Ink Foundation in June announced the upcoming release of an Ink token, along with several incentives for the blockchain's users. 'The first use case for Ink tokens will be built around a liquidity protocol powered by Aave,' the Foundation said. 'To reward early usage, Ink tokens will be distributed to participants of the liquidity protocol through an airdrop.' Among the incentives are multiple 'liquidity mining' programs, according to the Aave proposal. Those programs are expected to draw $250 million to the yet-to-be-named Aave deployment on Ink. Initially, 4% of the total Ink token supply has been allocated to users of Aave's new lending platform. In addition to this, the Aave DAO will allocate a portion of Aave tokens and its stablecoin GHO as further bootstrapping incentives. The Ink Foundation agreed to exclusively work with Aave for at least 12 months after deployment, refraining from communicating or integrating with any other lending protocols. Currently, the proposal is receiving almost universal support from the Aave community, receiving about 412,000 votes in favour compared to only 1,600 against. Voting ends on July 21. Zachary Rampone is a DeFi correspondent at DL News. Have a tip? Contact him at zrampone@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
