Project Progress

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Balancer Gradually Ceasing Operations! Earned Zero Revenue After Million Dollar Hack, Facing Legal Risks

DeFi protocol Balancer is gradually shutting down operations following a million hack, citing lack of sustainable revenue and legal risks. The future will be maintained by the DAO. Founders will exit, and the restructuring plan will halt token issuance, highlighting the challenges of the old model.
BAL-3.43%
ETH-0.71%
AVAX0.56%
ARB-2.25%
CryptoCity·03-24 06:21
Balancer Gradually Ceasing Operations! Earned Zero Revenue After  Million Dollar Hack, Facing Legal Risks

Balancer Advances Zero Issuance and $3.6M Buyback, LP Yields Boosted to 75% Reshaping DeFi Model

Balancer proposed two governance proposals to eliminate the token issuance mechanism and reshape the economic model, increasing liquidity provider fees to 75% and repurchasing and burning BAL tokens worth $3.6 million. The move aims to reduce reliance on token incentives and shift toward real yield. It also launched a $500,000 compensation plan to balance interests, while consolidating resources to focus on core products, demonstrating a transition from a high-inflation model to a DeFi structure centered on cash flow.
BAL-3.43%
GateNews·03-24 05:57
Balancer Advances Zero Issuance and $3.6M Buyback, LP Yields Boosted to 75% Reshaping DeFi Model

TRON Invests $1 Billion to Layout AI Track, Focusing on Four Major Directions Including Agent Economy, Stablecoin Payments, and RWA

TRON DAO announced that it is expanding its artificial intelligence fund to $1 billion, focusing on the development of infrastructure for the agent economy, such as identity systems and payment networks. TRON emphasizes high-frequency payment capabilities to seize market opportunities. As the infrastructure becomes more complete, the integration of artificial intelligence and blockchain will accelerate, and the agent economy is expected to become a significant growth point.
TRX0.27%
GateNews·03-24 05:51
TRON Invests $1 Billion to Layout AI Track, Focusing on Four Major Directions Including Agent Economy, Stablecoin Payments, and RWA

Balancer Labs Announces Dissolution Following Hack, DeFi Protocol Reorganized Under DAO Management

The development company behind DeFi protocol Balancer, Balancer Labs, has announced its closure due to reasons including imbalanced financial structure and legal risks. Despite the shutdown, the protocol will continue to be operated by the Balancer Foundation and DAO. Recent security vulnerability attacks have caused its TVL to drop from a peak of $3.3 billion to approximately $158 million, a decline of over 95%. The future will involve redesigning the token economic model and operational architecture to promote sustainable development of the protocol.
BAL-3.43%
MarketWhisper·03-24 03:44
Balancer Labs Announces Dissolution Following Hack, DeFi Protocol Reorganized Under DAO Management

Ethereum Core Developers to Decide Whether to Include EIP-8141 in Hegota Upgrade on March 26

On March 24, Ethereum Foundation researcher ladislaus.eth posted that Ethereum core developers will decide on March 26 whether to include EIP-8141. This proposal aims to decouple accounts from signature schemes, providing a migration path for post-quantum-safe signatures. If execution layer transactions remain dependent on ECDSA, it will result in incomplete migration.
ETH-0.71%
GateNews·03-24 03:21
Ethereum Core Developers to Decide Whether to Include EIP-8141 in Hegota Upgrade on March 26

Ethereum Foundation Outlines L1 and L2 Collaboration Vision, Clarifies Layer Roles and Development Roadmap

# Ethereum Foundation Points Out That L2's Goal Shifts Towards Providing Differentiated Features and Market Strategies, While L1 Continues as a Permissionless Settlement Hub. The Article Emphasizes That L2 Should Achieve Interoperability and Secure Exits, and States It Will Expand L1 Capacity and Research Rollup Technology to Enhance Platform Experience and Liquidity.
ETH-0.71%
GateNews·03-24 03:01
Ethereum Foundation Outlines L1 and L2 Collaboration Vision, Clarifies Layer Roles and Development Roadmap

Pi Network Weekly Drop 6%, Bullish RSI Meets Billion-Token Unlock Pressure

Pi Network has recently faced price declines, but technical indicators such as RSI approaching oversold levels and community sentiment remaining positive. Despite bullish signals, increased exchange reserves and upcoming token unlocks present bearish risks, with potential selling pressure likely to suppress prices. Market conditions require close monitoring.
PI-0.68%
KAS0.39%
PEPE0.18%
SHIB2.70%
MarketWhisper·03-24 02:18
Pi Network Weekly Drop 6%, Bullish RSI Meets Billion-Token Unlock Pressure