Uniswap’s first governance proposal has ended in defeat, despite the support of 98% of votes cast. Instead of this, it fell around 1% short of the 40 million vote threshold needed for approval by the close of voting. It has been reported that the poll ended on October 20, with almost 39.6 million UNI staked in favor, compared to around 700,000 opposed. DeFi blogger Danger ”Safetythird” Zhang described the vote as “the DeFi equivalent of winning the popular vote but losing the

Uniswap, the decentralized exchange, is undergoing its first governance vote, which was submitted by open-source lending protocol Dharma. But a number of community members have raised concerns that if successful, the proposal will hand Dharma too much control over the future direction of Uniswap. It has been reported that the proposal, for which voting ends on October 19, suggests a reduction in token governance and quorum thresholds. However, this potentially gives the top h

DeFi, protocol Compound has implemented its first two community-driven governance proposals the past week. The proposals comes ahead of the launch of Compound’s Governance token (COMP), used to facilitate community-driven protocol upgrades and development. The first proposal asked the community whether the Compound protocol should introduce support for Tether (USDT). This was inspired by a September 2019 poll that showed Tether and Maker (MKR) as the top two most-requested cr

Dharma, a blockchain banking solution, has applied Social Payments, a new feature, for allowing users to send US dollars to any Twitter handle. Dharma Enables ‘Social Payments’ to Send Dollars via Global Twitter Handles https://t.co/FaEc6NJir0 pic.twitter.com/bRB9tyxxzV — Gabrian Pac (@OpdWorld) April 22, 2020 On April 21, it has been reported in a tweet that the move explained payments can be made regardless of geographical location or whether the recipient has a Dharma acc

DeFi or Decentralized finance are those financial services that are provided through decentralized platforms and not controlled or managed by any single entity, but through a public and an open IT protocol. DeFi platform proves to be a promising revolution in the blockchain space that can ultimately lead towards wider adoption. DeFi is to finances what cryptocurrencies are to money. It brings decentralization and digitalized trust to finances. The term Decentralized finance o