LayerZero Reveals Own Blockchain "Zero" in Deleted YouTube Video

Jupiter DAO plans to reduce the JUP issuance to nearly zero, with the 700 million airdrop possibly delayed

On February 14th, the important Solana ecosystem project Jupiter submitted a key proposal to its DAO, planning to reduce the net token issuance of JUP to "near zero" to alleviate market concerns about inflation and selling pressure, and to strengthen the long-term value support of the token. The plan has entered the community voting stage, and the final result will be decided by token holders. According to the proposal, the team will begin to cut down on new supply from three main sources. First, all token releases from the team reserve will be indefinitely suspended, with unreleased tokens directly absorbed by the treasury and no longer entering the secondary market. Second, the originally scheduled "Jupuary" airdrop will be postponed; approximately 700 million tokens from this round will be temporarily returned to a multi-signature wallet controlled by the community, with snapshots of eligible users still retained for future distribution. Third, tokens unlocked related to Mercurial will be accelerated in release but will be repurchased by the treasury to offset potential selling.

Pi Network Pushes Deeper Into Full Decentralization

Pi Network is advancing its decentralization by transferring control from its core team to its community, enhancing node activity for authentication and network security. Software upgrades facilitate this transition, promoting inclusivity through the Stellar Consensus Protocol. The network's strength now relies on user engagement, aiming to establish Pi as a credible global digital currency platform while facing challenges in performance and transparency.

Multicoin Capital supports the revenue distribution proposal put forward by Aave Labs

Multicoin Capital supports the proposal from Aave Labs, believing that redirecting 10% of revenue to the DAO is a strategic shift that will help develop the Aave tokenomics model. The proposal involves approximately $25 million in stablecoins and 75,000 AAVE tokens, with a total economic exposure exceeding $40 million. More detailed financial data is required to support the request.

ENS (Ethereum Name Service) increased by 15.55% in the past 24 hours

Gate News Bot Message, February 14th, according to CoinMarketCap data, ENS (Ethereum Name Service) is currently priced at $6.68, up 15.55% in the past 24 hours, with a high of $7.16 and a low of $5.41. The 24-hour trading volume reached $112 million. The current market capitalization is approximately $255 million, an increase of $34.3 million from yesterday.