governance

According to Defimon monitoring, the Ampleforth governance system Governor Bravo has a suspicious proposal 54, involving approximately 2.5 million dollars of treasury funds. This incident has been classified as an access control risk and a malicious governance proposal, and the related funds have not yet been transferred out.The Ampleforth time-lock contract currently holds about 2.538 million USDC, so this proposal involves nearly all treasury assets. The proposer disclosed that they wrote the proposal themselves and plan to vote through a delegated address holding 87,238 FORTH, which accounts for about 0.57% of the supply, slightly above the proposal threshold of 75,000 FORTH. The quorum for the proposal is 600,000 FORTH, which, at the current price of FORTH at 0.22 dollars, is worth approximately 132,000 dollars.

The DAO governance platform Aragon announced the launch of Confidential Voting, a governance plugin based on the Zama Protocol for Aragon OSx. This plugin keeps individual votes encrypted during the counting process while retaining the familiar Aragon voting experience. Zama's programmable confidentiality allows projects to define decryptable information, decryptors, and conditions.Voters select for, against, or abstain through the Aragon interface, choosing to encrypt and submit using the Zama Relayer SDK on the client side. The plugin utilizes fully homomorphic encryption for verification, weighting, and accumulating encrypted votes, only performing threshold decryption on the final counts of for, against, and abstain after the voting ends. The plugin does not grant decryption rights to individual ballots.To maintain confidentiality during voting, the system does not provide real-time counting, does not support early execution, and allows voters to change their encrypted votes before the deadline. The plugin adopts a modular architecture, allowing it to be used in parallel with other governance primitives, and actions related to proposals are executed by the DAO after approval.

According to the official statement from Osmosis, the proposal for the solution regarding the previous Nomic chain nBTC incident is now online and has officially entered community discussion.According to the proposal, the Osmosis governance community will consider confiscating the previously frozen assets of the attacker and using the accumulated BTC in the community fund pool to cover the remaining collateral gap, in order to restore the full collateral support for Alloyed BTC. Currently, this plan still needs to go through governance discussion and voting, and the asset confiscation or collateral replenishment has not yet been completed.

The Watchdog Committee of the Arbitrum ecosystem (composed of Entropy Advisors and others) submitted a proposal to the governance forum on September 3, requesting a permanent ban on the projects Good Entry, Limitless, and APX Finance, as well as their founders, prohibiting their participation in all future ArbitrumDAO initiatives. The committee determined that these three projects engaged in grant abuse within the STIP and LTIPP incentive programs, involving a total amount of 457,553 ARB (approximately $76,000).Specifically, Good Entry received 200,000 ARB in the first round of STIP, of which 142,839 ARB flowed to 1,032 ineligible users, and there is evidence of self-farming by associated addresses, with the team refusing to cooperate with the investigation; Limitless exchanged all 75,000 ARB for USDC and cross-chain to Base, being classified as suspected theft; APX Finance was approved for 525,000 ARB, of which 239,714 ARB involved issues related to funds being held in the treasury, delayed distribution, and witch cluster problems. APX later merged with Astherus and rebranded as Aster, with approximately 70% of its assets located on the BNB Chain.According to the proposal, the three projects may defend themselves in the forum post before September 10. If the explanations are not accepted and the funds are not returned, the committee will initiate three separate Snapshot votes to decide whether to permanently ban the relevant projects and founders.

On September 2, Curve DAO approved proposal 1492, appointing yRisk as the risk provider for crvUSD and Llamalend, concluding the selection process that began in July. The proposal passed with 621 million veCRV votes in favor, with only 5.33 votes against, and was executed 87 minutes after the voting ended. yRisk will receive a one-year revocable grant, including a principal of 125,000 frxUSD (held in sfrxUSD) and 568,000 CRV, while their previously requested annual funding amount was $250,000.yRisk consists of two members, who claim to be the main developers of Resupply, as well as core developers for Yearn and Resupply. Resupply is a stablecoin and lending protocol built on crvUSD and CurveLend, which lost $9.6 million in June 2025 due to a donation attack vulnerability, although this incident was not mentioned in the proposal. The reviewer, Swiss Stake, confirmed yRisk's experience with Curve but expressed concerns about their limited two-member team and the workload required to cover multiple Llamalend market monitoring scopes.LlamaRisk, which previously held the position, announced the early termination of its cooperation with Curve on May 29, ceased related work on June 30, and returned approximately 270,000 crvUSD of unallocated funds to the treasury. Curve founder Michael Egorov initiated a proposal solicitation on July 7.

The security company Defimon issued an alert stating that a governance takeover attack against YAM Finance has been detected. After self-delegating approximately 504,000 YAM (about 3.3% of the total supply, slightly above the legal voting threshold), the attacker submitted YamGovernorAlpha proposal #45, which is described as empty ("0x"), with the sole action being to call the setPendingAdmin method of the YAM Timelock contract, pointing to the attacker's address.It has been disclosed that if the proposal is voted through and executed, the attacker will become the pendingAdmin, and then can fully control the Timelock through acceptAdmin, which includes management rights over all YAM protocol contracts and the DAO treasury, involving a risk amount of approximately $337,000. As the protocol is currently in a dormant state, Defimon Alerts reminds users holding YAM to vote against the proposal before block height 25897343 (about 34 hours remaining).

The revenue from fees priced in SOL on Solana reached a seven-day average of nearly 9,200 SOL on August 27, an increase of over 80% compared to three months ago; the non-voting transaction volume also set a new seven-day high of 191 million transactions, compared to only 88 million transactions a year ago. Jito validator tips averaged 2,073 SOL daily over the past week, a 26% increase week-on-week, directly reflecting the increase in on-chain activity.Meanwhile, the SGP-0002 "Dual Deflation" proposal passed last Friday with just over 67% support (the threshold was 66.67%), with a voting participation rate of 60.7%, covering 1,326 validators, setting a historical high for governance participation on the Solana chain. This proposal will double the annual deflation rate from 15% to 30%, expected to reduce the planned issuance by approximately 18.9 million SOL over six years.This means that the new SOL supply entering the market each year will decrease, and the rewards for validators completing the same amount of work will also decline. Staking rewards will drop from about 5.25% to 2.25% in the third year, which will squeeze validators that rely on inflation revenue rather than transaction fees, and many validators may face losses within three years. However, this impact will mainly affect small independent operators, and ordinary users are not expected to experience significant changes in the speed and costs of using the Solana network.

Solana validators have voted to approve the "Dual Deflation" proposal numbered SGP-0002, increasing the network's annual deflation rate from 15% to 30%, while maintaining a long-term inflation target of 1.5%. According to the final voting results, the proposal received 67% support, 25.16% opposed, and 7.84% abstained, with a participation rate of 60.7%. The new plan is expected to bring SOL to a terminal inflation rate of 1.5% in about 2.8 years, while the original plan would take approximately 5.7 years, with an expected reduction of about 18.9 million SOL issued over the next six years.This vote marks Solana's first binding governance process, which also approved the proposed Solana Constitution while rejecting another proposal regarding resource and inclusion fees. The positions of major participants have diverged: the largest voter, Figment, holding 17.1 million SOL, cast all opposing votes, while Helius and Jupiter overwhelmingly supported it. The U.S. exchange Kraken briefly cast an opposing vote at 12:33 UTC during the voting process, causing the support rate to dip below the threshold, but ultimately over 90% of its approximately 8.9 million SOL voting position turned to support.Meanwhile, Bitwise's Solana ETF has surpassed $1 billion in assets under management, becoming the first Solana ETF to reach this milestone. According to Bloomberg ETF analyst Eric Balchunas, U.S. Solana ETFs have seen a cumulative net inflow of about $1.7 billion since their launch, with almost no sustained outflows.

SOL has risen over 8% in the past 24 hours, with a cumulative increase of about 44% this month, marking the strongest single-month performance since 2024, with prices returning above $105. This round of increase coincides with the conclusion of the first on-chain binding governance vote for the Solana network, where traders have already priced in expectations of supply contraction this week.This vote includes three Solana governance proposals (SGP). SGP-1 approves the Solana Constitution, formally establishing the future on-chain voting mechanism. SGP-2 (SIMD-550), proposed by Helius engineers, doubles the deflation rate from 15% to 30%, bringing the inflation rate down to the 1.5% lower limit by 2029, reducing the issuance of approximately 18.9 million SOL over the next six years. SGP-3 (SIMD-553), proposed by Temporal, splits transaction fees into a base fee and a resource fee, with the latter being directly burned, and the daily burn amount expected to increase from about 650 SOL to a maximum of 9000 SOL.Both economic proposals require a two-thirds absolute majority of the staked weight to pass. The Nasdaq-listed Solana Company (HSDT) supports the constitutional proposal but opposes the two deflation and burn proposals on the grounds of timing, believing that current institutional stakers value predictable returns more. The voting results are expected to be announced within a few hours after the end of epoch 1023.

The on-chain project launch and governance platform Umia has initiated the on-chain auction for its native token $UMIA, marking the first token issued through its system. The early bidding window is now live, and the public round will be open to everyone from August 29 to September 2 on Base via umia.finance. Bidding is priced in USDC and supports deposits via Privy cards; trading will commence on Uniswap v4 with protocol-owned liquidity after the auction ends.The total supply of $UMIA is 50 million tokens, of which 40 million will be allocated at launch, and the remaining 10 million will be reserved for performance. Of the 40 million, 61% will be in circulation from day one, covering the 17.3 million tokens sold in the auction (with no lock-up) as well as the portion held by the protocol; shares for supporters, service providers, and the team will vest over 36 months after a 12-month cliff.Umia is a full-stack on-chain project launch and governance platform, with a non-custodial treasury and board decisions priced through a decision market. Each project launched by Umia operates as a subsidiary of a Cayman isolated portfolio company based on the MetaLex BORG framework. Umia was incubated by Chainbound and raised $4.6 million in August 2024, led by cyber Fund.

Doppler Finance announced the launch of the native utility and governance token XDP, serving as the protocol coordination layer, supporting user participation, decentralized governance, and ecological growth. XDP is designed around three main functions: protocol privileges, governance, and future security modules. Users can stake XDP to gain access to premium vaults and strategies, priority for new products, and eligibility to participate in ecological activities; staking details will be announced separately.In terms of governance, XDP holders can participate in decisions regarding protocol parameters, ecological incentive budgets, vault plans, and future functionalities. The security module is planned to be launched in subsequent phases, where eligible users can configure their staked XDP into a coverage pool, assuming corresponding risks to earn additional incentives. The total supply of XDP is 10 billion, with over half allocated to ecological development, vaults, partners, and community growth, while contributors and investors have longer lock-up and vesting arrangements.The XDP genesis airdrop accounts for 1.0%, which will be fully unlocked for early users, contributors, and supporters at TGE; an additional 43% is allocated for ecology and incentives, to support subsequent Doppler Points seasons, XDP staking, and other community programs. The official contract address will only be published through official Doppler channels, and users should be wary of third-party information, phishing websites, and any requests for funds or private keys.

Matthew Sigel, the Head of Digital Asset Research at the asset management company VanEck, stated on CNBC that Bitcoin does not need a Republican president to perform well, and former President Biden is not anti-Bitcoin. Sigel pointed out that despite Republicans repeatedly criticizing Democrats for being anti-cryptocurrency, and the regulatory agencies under the Biden administration suing digital asset companies, Bitcoin can still develop healthily under Democratic governance.Sigel also discussed the delay in the legislation of the Clarity Act, which aims to establish a classification framework for digital assets and clarify the regulatory jurisdiction over securities, commodities, or payment stablecoins. Some Republican senators accused Democrats of delaying the legislation, while Coinbase's Chief Policy Officer Faryar Shirzad believes that the opposition mainly comes from older Democrats, and the younger generation better understands technological changes, making cryptocurrency potentially the most bipartisan issue in Washington.Recently, Bitcoin has shown strong price performance, rising nearly 24% in the past seven days, reaching as high as $81,160, and currently retreating to about $78,438. Previously, the Trump administration promoted the establishment of a Bitcoin strategic reserve and issued several executive orders supporting cryptocurrency.

The 21Shares report shows that Solana is advancing two governance proposals, SIMD-550 and SIMD-553, which may significantly change the SOL holding economic model in the next two years.SIMD-550 proposes to increase Solana's annual inflation reduction rate from 15% to 30%, allowing it to reach a terminal inflation rate of 1.5% more quickly, with nominal staking yields expected to drop to about 2.25% within three years.SIMD-553 was approved and merged on July 20, and will introduce a destruction fee for compute unit requests, increasing the daily SOL burn amount from about 600-800 to about 7500-9000.The report believes that although the decline in staking income will directly affect the earnings of validators and stakers, a lower issuance combined with a higher burn rate may improve the long-term supply and demand structure of SOL, and could drive some capital towards the decentralized finance ecosystem on the Solana chain.

The development team of Term Finance, Term Labs, announced that after the governance attack incident, all Term Meta Vaults have been permanently closed, DAO governance rights have been revoked, but the withdrawal channel remains open. In an update on August 23, Term stated that this closure is irreversible and permanently prevents subsequent deposits, but did not disclose the scale of the remaining assets in the vault, only indicating that it will "explore pathways" to address any gaps, and the amount that depositors can recover remains undecided.Blockchain security company PeckShield estimates that the attacker stole approximately 2,843 ETH (worth about $6.87 million at the time) and 1.68 million USDC (which was later exchanged for about 1.68 million DAI), with total losses estimated at around $8.5 million. On-chain records confirm the related transfers: one transaction transferred 2,841.74 WETH to an address labeled "Term Finance Exploiter 1" by Etherscan, while another transaction transferred 1.68 million USDC to an address labeled "Term Finance Exploiter 2".Yearn stated that Term's vault contract uses its V3 architecture, but the attack occurred on Term's custom governance wrapper, which is not applicable to standard Yearn vaults. Term indicated that, according to the current investigation, its underlying protocol and direct lending market were not affected and is working with external security teams for remediation and recovery, but did not provide any compensation commitments or timelines.

DeFi protocol Term Labs updates on the progress of the attack incident, disclosing that the affected entity is the Term Vault governance mechanism, rather than the underlying Term protocol and its direct lending market. All Meta Vaults have now been closed and DAO governance permissions revoked to prevent further inflow of funds. This closure operation is irreversible and will permanently block new deposits.Currently, the withdrawal function remains open, and they are working with external security teams to conduct repairs and recovery. If a funding gap is ultimately confirmed, corresponding solutions will be explored. Term Labs reminds users to pay attention only to information released by official accounts and to be wary of impersonators and fraud. Previously, it was reported that Term Labs suffered a governance attack resulting in losses of approximately $8.5 million.

The official developer account of Solana announced that the on-chain voting for governance proposals SGP 1-3 has started in epoch 1023, and is expected to close on August 26 at 15:30 UTC.The three proposals cover: approving the Solana constitution to establish a normative governance framework (SGP-0001), raising the inflation reduction rate from -15% to -30% (SGP-0002), and restructuring transaction fees to a fixed inclusion fee + floating resource fee (SGP-0003). Institutional staker DFDV stated that they have cast the largest weighted vote, while some staked accounts that have not activated users reported being unable to participate in the voting.

Solana's double deflationary governance voting is now live. The related proposal aims to adjust the network's inflation arrangement by increasing the deflation rate to reduce the overall inflation pace.According to the introduction, the proposal plans to raise the deflation rate from the current -15% to -30%, thereby achieving a greater reduction in inflation. Voting has officially begun, and the community can participate in the related governance decisions.