Lido’s Bridge Pullback: Is LDO Admitting the Multichain Bet Got Too Messy?
DAO vote 57.4M LDO approves revoking nine wstETH bridges as Lido consolidates endpoints after KelpDAO shock. Users face new liquidity paths and governance guardrails.
The Defiant·
Christoph Jentzsch, who wrote code for the original 2016 "The DAO" and now runs Tokenize.it, called for ENS DAO to wind down and revoke its own upgrade authority, a day after ENS co-founder Nick Johnson used roughly half of the protocol's active voting power to block a Security Council renewal.
Read full articleDAO vote 57.4M LDO approves revoking nine wstETH bridges as Lido consolidates endpoints after KelpDAO shock. Users face new liquidity paths and governance guardrails.
The proposal could redefine ENS governance, potentially shifting power dynamics and challenging the project's decentralized ethos. The post ENS delegate warns Foundation proposal marks project’s downfall appeared first on Crypto Briefing.
The event highlights the risks of concentrated voting power in DAOs, emphasizing the need for balanced governance to protect assets. The post ENS co-founder Nick Johnson blocks Security Council renewal with 80% vote appeared first on Crypto Briefing.
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Multiple named delegates escalated opposition to the ENS Foundation empowerment temp check Monday, with Security Council member Brantly Millegan threatening a veto and ENS Labs founder Nick Johnson having self-delegated enough tokens to pass the proposal over their objections.
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