DAO · 7301

Arbitrum: Activate the Elara upgrade to provide optional compliance screening and priority fee functions for the dedicated chain

Comparatively, according to The Defiant, Arbitrum activated the ARBos 61 Elara upgrade on August 20, adding optional protocol-level transaction screening, priority fee support, and alternative data availability interfaces to the dedicated chain, and adjusted Arbitrum One's basic fee management and expanded Stylus contract capacity. The compliance screening function is disabled by default. Chain owners are required to actively configure an external compliance service provider (such as TRM Labs or Chainalysis) and set rules to double execute through simulated transactions and on-chain protection mechanisms. The priority fee function is also disabled by default and requires the chain owner to enable it through pre-compilation. Priority fee collection on Arbitrum One still requires a separate DAO vote. Elara also introduced the BaseFEeManager contract, which allows Offchain Labs to adjust the base fee within 0.01 to 0.1 gwei approved by the DAO, which is valid for two years. Stylus contract code size limit increased from 24KB to 96KB, not applicable to Solidity contracts.

1d ago

Arbitrum promotes ZK settlement, and L1 withdrawals are expected to be shortened from days to hours

Comparing news, the Arbitrum development team said that zero-knowledge (ZK) proofs are being introduced into the Arbitrum platform to achieve a multi-proof settlement model. Through ZK certification, the settlement time for the Arbitrum block to Ethereum L1 is expected to be shortened from a few days to a few hours. While improving the capital efficiency of users, cross-chain bridges, and protocols, security is maintained through multiple proof mechanisms. The relevant capabilities target Arbitrum One and dedicated chains based on the Arbitrum platform, and Offchain will submit an upgrade proposal to the DAO in the future. Current developments include: it is possible to run the same state transition function as optimistically in SP1 zKVM to generate ZK proofs for real mainnet blocks; Stylus' WASM contract can be proven along with Solidity contracts; the team launched an independent Rust validator to make ZK certification a first-class model in parallel with standard verification; the BoLD settlement protocol already supports acceptance of ZK proofs and endorsements by the Quick Confirmation Committee. The original controversial game is still a fallback path, forming ZK proofs, proof committees and fraud Multi-proof architecture to prove collaboration. The team says it's continuing pressure drop to prove the cost and gradually incorporate the relevant code into Nitro's main production path. The next focus includes further optimizing certification and moving to Ret-based execution, completing L1 message inbox attestation, and connecting ZK settlement capabilities to node configurations so that each chain can be enabled as needed.

1d ago

Gnosis Chain received approval from GnosisDAO to transform into an EEZ Rollup, which will be the first production-level instance

Comparatively, GnosisDAO approved the transformation of the blockchain network Gnosis Chain from an independent Layer 1 network to an Ethereum Economic Zone (EEZ) Rollup with zero knowledge certification. The network will eliminate the set of independent validators and let Ethereum validators complete transaction settlement instead. The proposal received 123,158 GNOs in favor, 115 against, and 151 abstentions. The vote involved 54 participants, and the total number of participants reached 123,425 GNOs, which is above the quorum threshold of 75,000 GNOs. The upgrade is initially scheduled to begin in late 2026 or early 2027, depending on EEZ technical preparations. After the upgrade, Gnosis Chain's native smart contract can call Ethereum and use return results in the same transaction, while also connecting to Ethereum mainnet assets and liquidity. Gnosis Chain will be the first EEZ instance to be deployed and will preserve existing apps, balances, and xDAI fuel tokens.

2d ago

Binance blocks DAO governance attack less than 48 hours before execution, involving around $1.2 million in vault tokens

Comparing the news, Binance said that its monitoring team discovered a malicious governance proposal against an unnamed decentralized autonomous organization (DAO) involving a risk of approximately $1.2 million in treasury tokens, less than 48 hours before execution. Binance contacted the project and coordinated with centralized exchanges that listed the relevant tokens to close the deposit; the project then voted against the proposal and blocked its implementation. Binance did not disclose the name of the project and token. The proposal takes advantage of the low proposal threshold of the project chain governance mechanism. BonkDAO confirmed in July of this year that a malicious proposal had transferred approximately $20 million in BONK tokens from its treasury, and the attackers authorized the transfer by accumulating sufficient voting rights.

2d ago

Ethereum core development team Nethermind abandons LayerZero and switches to Chainlink CCIP

Comparatively, according to The Block, Nethermind, a core contributor to the Ethereum ecosystem, announced that it will withdraw from the LayerZero decentralized verification network (DVN) business and migrate the cross-chain infrastructure to the Chainlink network after a “thorough review”. Nethermind said it has stopped operating LayerZero's DVN and joined the Chainlink network as a node operator and strategic technology provider. In the future, Nethermind will provide engineering tools, infrastructure services, and integration support for blockchain application developers. It is reported that this shift occurred after the LayerZero ecosystem experienced a security incident. In April of this year, Kelp DAO's RsETH cross-chain bridge was attacked, losing about 116,500 RsETH, worth about $292 million at the time. Following this incident, several companies have begun to shift their cross-chain business from LayerZero to Chainlink. However, Nethermind did not specify whether the migration was directly related to the Kelp DAO incident, nor did it disclose that LayerZero had specific technical issues or changes in the commercial terms of both parties.

3d ago#On-chain dynamics

540 million airdrops face cancellation, OP governance vote engulfed in civil war

Author: Foresight News Original title: 540 million token airdrop about to be confiscated? The OP governance vote fell into the civil war in early August, and the Optimism Foundation officially submitted a proposal to reclassify the remaining 546.9 million OPs in user airdrop allocations as “strategic ecological funds”. Because it may substantially affect token holders' expectations for future airdrops, it needs to be approved by vote. Voting began on August 14, Beijing time, and the deadline is 12:07 on August 20. Up to now, according to the latest on-chain data, there are about 9.105 million OP votes in favor and 4.258 million OP votes against. A quorum of approximately 16.54 million OPs is required, and there is still a clear gap between the current scale of participation and compliance. The voting results have yet to be finalized, and the community game continues. After May of this year, OP repurchases were suspended, and the total initial supply of OP was approximately 4.295 billion pieces. Of these, 19% (approximately 816 million) were explicitly reserved for users to airdrop. Although this arrangement is an unofficial legal obligation, Optimism has repeatedly confirmed it in public communication over many years, including that when Airdrop 5 was released in October 2024, it was still mentioned that approximately 550 million copies can be used for future airdrops. Actual implementation shows that a total of five rounds of airdrops were completed between 2022 and 2024, and a total of about 269.1 million OPs were distributed, accounting for about 33% of the total amount reserved. The first round accounted for the highest proportion, and standards continued to be adjusted in subsequent rounds, gradually shifting from early use and gas consumption to delegated governance, OP mainnet activity, NFT creators, and Superchain activities. There were no new airdrops in the fourth year (May 2025 to April 2026), and the government clearly switched to “targeted growth projects that can measure retention and revenue results.” On-chain data also shows that Optimism hasn't bought back OP as planned since May. After completing the second and third rounds (March and April) of monthly community repurchases, the government unilaterally suspended the subsequent repurchase program. Officials spent 367.905 ETH to buy back 6951,453 OPs in March, and 50.16 ETH to repurchase 925654 OPs in April. Up to now, the total number of OPs repurchased is 945,1924 OP, which is worth about $756,200 based on the latest price of $0.08. The foundation said it will re-evaluate after the 12-month period ends and does not promise a long-term continuation. At the same time, the overall OP investment in the fourth year decreased by about 35% compared to the third year. New circulation of governance funds decreased by 53% year over year, and Retro Funding (OP is a public product funding mechanism that rewards actual contributions.) Spending dropped by 30%, and airdrops returned to zero. The Foundation simultaneously released the fourth year budget update and the fifth year outlook. It expects to add about 273 million OPs in circulation in the fifth year (not including the airdrop quota that may be restructured this time), of which the Ecosystem Fund is expected to invest about 200 million. According to DeFilLama data, its total TVL has now dropped sharply from its peak of US$5.5 billion to US$526 million. The strategy is shifting to enterprise growth in the crypto market. Second-tier networks are currently facing problems such as loss of users and weak innovation. According to Token Terminal's latest data, its core developers have been reduced to 42, while at its peak at the end of 2024, this number was 144. Currently, Optimism is shifting to the corporate market, including fintech, trading platforms, payment institutions and traditional financial institutions. Currently, partnerships include Bitpanda, Ink, and Dunamu. Specifically, the proposal calls for: · creating a new allocation category “strategic ecosystem fund”; · reassigning the remaining 546.9 million OPs from the user airdrop category to the fund; · Uses include facilitating cooperative transactions involving chains, agreements, institutions and infrastructure to join OP Stack, deepening incentives for OP Mainnet chain activity and liquidity, and expanding cooperation with top brands and institutions. Airdrops that have already been issued are unaffected. If the proposal is approved, the Foundation will update token allocation documents and public accounting records, and follow the established grant monitoring and annual budget reporting mechanisms. The fifth year budget outlook itself...

3d agoForesight News#optimism #token #proposals #governing #airdrop

Curve H1 progress: Llamalend V2 launched, FastBridge shortens cross-chain time, plans to increase protocol rates

According to Curve.Finance Governance, Swiss Stake AG submitted an H1 2026 progress report, Llamalend V2 has been audited by ChainSecurity and launched on the Optimism and Ethereum mainnet, supports LP Token and PT collateral, and introduces a new admin revenue fee for Curve DAO. FXSwap has entered the production optimization phase to conduct research on liquidity concentration, price_scale, and dynamic rates. FastBridge has launched Arbitrum, Optimism, and Fraxtal, shortening the withdrawal time of crvUSD from Tier 2 to Ethereum from about 7 days to about 15 minutes. The team has received the second phase of 8.725 million CRV and additional CRV and crvUSD funding to support operations until the end of 2026, and plans to submit a proposal to raise the DAO agreement fee share from 10% to 30%.

3d ago

Wyoming moves FRNT stablecoin from LayerZero to Chainlink CCIP

Comparatively, the Wyoming Stablecoin Commission has migrated its issued Frontier Stable Token (FRNT) from LayerZero to Chainlink's cross-chain interoperability protocol CCIP, and will completely stop implementing the LayerZero token after completing a full security review. CCIP will be FRNT's sole cross-chain infrastructure under a multi-year contract. This is the first time that a US government entity has publicly changed blockchain infrastructure on security grounds. FRNT is currently the only stablecoin issued by a US public agency and backed by full fiat reserves. The reserve proceeds are used to support the state's school foundation projects. The tokens have been deployed on chains such as Ethereum, Base, and Avalanche, and the market capitalization is currently less than 1 million US dollars. The decision was released four months after Kelp DAO's LayerZero-based bridge was attacked and approximately 116,500 RSetH (worth about $292 million at the time) was stolen. The incident sparked a wave of industry security reviews and migrations. So far, nearly $15 billion of related assets have been transferred from LayerZero to Chainlink. Early migrators include Kelp, Solv Protocol, Re, Kraken, etc. BitGo then chose CCIP and completed the migration of approximately $7.7 billion of encapsulated bitcoins, bringing the total amount to the current level. Also, according to the LayerZero case study in January of this year, Wyoming operated its own decentralized verification network and controlled verification and compliance functions.

3d ago#On-chain dynamics

ElizaOS founder accuses daos.fun founder of making $6.6 million profit through ai16z insider deal

According to Twitter, Shaw, founder of ElizaOS, wrote an article accusing baoskee, the founder of daos.fun, of using internal information transactions during the renaming and migration of the ai16z project, and claimed that it made a profit of about 6.6 million US dollars by selling ai16z. Shaw said that in June 2025, the project party promised to launch a Snapshot vote to allow the community to decide whether to change the name. Previously, a16z had asked the project to change its name to avoid trademark disputes. Shaw said that while the voting mechanism was slow to go live as promised, Baoskee sold all ai16z in the daos.fun execution wallet after learning about the pressure to change the name and subsequent migration arrangements, and continued to sell until the project moved to ElizaOS, causing the token price to drop. Shaw believes that Baoskee had information that other holders did not have at the time. In response, Baoskee posted an article denying the relevant claims, saying that Snapshot voting has actually been launched, and that daos.fun has also increased and locked in AI16z liquidity of more than 1 million dollars at its own expense. At the same time, he pointed out that Shaw had serious problems with project operation, token migration, and use of development funds. Currently, there are clear differences between the two sides. Shaw said that the relevant Solscan chain records will be attached at the end of the article.

6d ago

Solana yield protocol Paystream announces closure and liquidation

According to Twitter, Paystream, a protocol focused on on-chain earnings on Solana, announced the closure and liquidation on August 15. Founder Maushish said that the project has gone through many transformations, from the P2P loan agreement born at the hackathon, to the LP management terminal, to the perpetual contract funding rate arbitrage tool (Funding Rate Farmer). The latter was actually used. Users opened 185 positions and deployed a security deposit of 232,000 US dollars. The project was funded through MetaDAO, and a proposed restructuring in May drastically cut the remaining capital. The team was reduced from 6 to 1, and subsequent attempts to build automated treasury and payroll compliance products were unsuccessful. The team decided to stop operations, open source the capital rate arbitrage filter code, and announce the details of the liquidation proposal through MetaDAO.

7d ago