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Aave Chan founder proposes buying 2M CRV from Curve founder
Published: 2023-08-03
1. Proposal to Buy 2 Million CRV Tokens from Curve Founder The main topic of this article is the proposal made by Curve,Aave,and Chan Founder to buy 2 million CRV tokens from the founder of Curve. The proposal suggests acquiring these tokens to prevent them from being used to manipulate the governance system of Curve. The suggestion arises from concerns about the concentration of CRV tokens in the hands of a few individuals,potentially compromising the decentralized nature of the protocol. The proposal aims to redistribute the tokens to a broader base of users who are actively participating in the Curve community. This would help to foster a more decentralized governance structure and prevent any single party from having excessive influence. By purchasing these tokens from the Curve founder,the proposal intends to ensure that they are not utilized to manipulate voting and protocol decisions.
2. Concerns of Token Concentration and Governance Manipulation One of the underlying concerns driving this proposal is the concentration of CRV tokens and the potential for governance manipulation. With a small group of individuals holding a significant number of tokens,there is a risk that decisions made within the Curve protocol may not reflect the broader interests of the community. This proposal seeks to address this issue by acquiring a substantial number of tokens and distributing them among active community members. By preventing the misuse of tokens in governance decision-making,the proposal aims to maintain the integrity and fairness of the Curve protocol. This move could enhance the community's trust in the governance system and ensure that decisions are made based on a wider representation of interests.
3. The Importance of Decentralization and Democratic Governance Decentralization and democratic governance are critical aspects of the cryptocurrency ecosystem. In the case of Curve,ensuring a fair and decentralized decision-making process is essential in maintaining the protocol's integrity and achieving long-term success. The proposal to buy 2 million CRV tokens showcases a commitment to these principles and a desire to prevent centralized control over the Curve protocol. By acquiring a substantial number of tokens and distributing them among active community members,the proposal aims to prioritize active participation and minimize the influence of any single entity. This move could pave the way for a more transparent and inclusive governance structure within Curve,where decisions are made collectively by the community. In summary,the primary topics explored in this article are the proposal to buy 2 million CRV tokens from the Curve founder,concerns about token concentration and governance manipulation,and the importance of decentralization and democratic governance. These topics highlight the efforts to ensure a fair and decentralized decision-making process within Curve and strengthen the overall integrity of the protocol.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
63,315.03 | 2,086,743,537.48 |
| 2 | ARS |
1,093.00 | 2,071,261,674.10 |
| 3 | ETH |
3,081.00 | 1,046,419,477.84 |
| 4 | SOL |
152.37 | 658,280,246.72 |
| 5 | PEPE |
<0.01 | 439,902,056.75 |
| 6 | DOGE |
0.16 | 339,867,357.15 |
| 7 | XRP |
0.56 | 259,220,557.89 |
| 8 | WIF |
3.36 | 254,790,357.45 |
| 9 | WLD |
6.04 | 207,436,573.65 |
| 10 | ENA |
0.86 | 192,737,049.33 |
| 11 | BOME |
0.01 | 184,197,162.10 |
| 12 | RNDR |
9.69 | 126,348,071.07 |
| 13 | NEAR |
7.23 | 124,231,270.82 |
| 14 | BONK |
<0.01 | 105,804,949.16 |
| 15 | AVAX |
37.30 | 104,789,779.94 |
| 16 | RUNE |
5.36 | 87,275,774.28 |
| 17 | ETHFI |
3.96 | 83,154,282.18 |
| 18 | FLOKI |
<0.01 | 83,013,955.59 |
| 19 | SUI |
1.10 | 75,676,336.24 |
| 20 | ARKM |
2.56 | 75,009,008.77 |
| 21 | ORDI |
38.72 | 65,585,738.18 |
| 22 | USTC |
0.02 | 64,188,585.33 |
| 23 | AR |
39.91 | 61,289,712.02 |
| 24 | HBAR |
0.11 | 58,692,540.64 |
| 25 | MATIC |
0.72 | 54,683,851.09 |
| 26 | FIL |
6.15 | 50,415,417.04 |
| 27 | LTC |
81.71 | 47,514,573.67 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | USTC |
0.02 | +10.33 |
| 2 | BOME |
0.01 | +6.69 |
| 3 |  CTXC |
0.38 | +5.76 |
| 4 | XRP |
0.56 | +5.55 |
| 5 |  RLC |
2.99 | +5.29 |
| 6 |  JTO |
3.59 | +5.19 |
| 7 | ENA |
0.86 | +4.63 |
| 8 | WLD |
6.04 | +3.64 |
| 9 | SOL |
152.37 | +3.23 |
| 10 | WIF |
3.36 | +2.76 |
| 11 |  BCH |
481.60 | +2.60 |
| 12 |  BEL |
0.85 | +2.57 |
| 13 |  YGG |
0.89 | +2.46 |
| 14 |  POWR |
0.31 | +2.09 |
| 15 |  NKN |
0.13 | +1.87 |
| 16 | HBAR |
0.11 | +1.80 |
| 17 |  INJ |
25.00 | +1.63 |
| 18 |  ACM |
2.35 | +1.51 |
| 19 |  XLM |
0.11 | +1.44 |
| 20 |  LUNA |
0.61 | +1.43 |
| 21 |  ERN |
4.39 | +1.41 |
| 22 |  ATOM |
9.39 | +1.38 |
| 23 |  EOS |
0.84 | +1.26 |
| 24 |  LSK |
1.94 | +1.15 |
| 25 |  CHZ |
0.12 | +1.08 |
| 26 |  LINK |
14.69 | +1.06 |
| 27 |  PYR |
4.62 | +0.92 |
| 28 | RUNE |
5.36 | +0.81 |
| 29 |  MOVR |
14.02 | +0.81 |
| 30 | PEPE |
<0.01 | +0.71 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  RSR |
<0.01 | -9.60 |
| 2 | REZ | 0.17 | -8.15 |
| 3 |  TNSR |
0.86 | -8.04 |
| 4 |  CVX |
2.46 | -7.71 |
| 5 |  SAGA |
3.23 | -6.86 |
| 6 |  KDA |
0.87 | -6.55 |
| 7 | BONK |
<0.01 | -6.46 |
| 8 |  TAO |
443.20 | -6.38 |
| 9 |  UTK |
0.08 | -6.33 |
| 10 |  ACH |
0.03 | -6.03 |
| 11 |  STG |
0.49 | -5.89 |
| 12 |  JUV |
2.48 | -5.89 |
| 13 |  ENS |
15.05 | -5.76 |
| 14 |  PORTAL |
0.82 | -5.70 |
| 15 |  PIXEL |
0.42 | -5.70 |
| 16 |  ATA |
0.18 | -5.66 |
| 17 |  DYM |
3.25 | -5.66 |
| 18 |  IOTX |
0.05 | -5.49 |
| 19 |  AGLD |
1.02 | -5.45 |
| 20 |  AEVO |
1.37 | -5.45 |
| 21 |  ANKR |
0.05 | -5.43 |
| 22 |  PYTH |
0.54 | -5.43 |
| 23 |  GLM |
0.59 | -5.31 |
| 24 |  KMD |
0.38 | -5.20 |
| 25 |  SEI |
0.54 | -5.14 |
| 26 | W | 0.65 | -5.14 |
| 27 |  EPX |
<0.01 | -5.13 |
| 28 |  BLUR |
0.40 | -5.08 |
| 29 |  STX |
2.22 | -5.05 |
| 30 |  ADX |
0.21 | -5.03 |
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| 5 | Crude Oil Inventories | Wednesday | 08-05-2024 | 15:30 |
| 6 | FOMC Member Jefferson Speaks | Wednesday | 08-05-2024 | 16:00 |
| 7 | 10-y Bond Auction | Wednesday | 08-05-2024 | 18:01 |
| 8 | FOMC Member Cook Speaks | Wednesday | 08-05-2024 | 18:30 |
| 9 | Unemployment Claims | Thursday | 09-05-2024 | 13:30 |
| 10 | Mortgage Delinquencies | Thursday | 09-05-2024 | 15:00 |
| 11 | Natural Gas Storage | Thursday | 09-05-2024 | 15:30 |
| 12 | 30-y Bond Auction | Thursday | 09-05-2024 | 18:01 |
| 13 | FOMC Member Daly Speaks | Thursday | 09-05-2024 | 19:00 |
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| 15 | Prelim UoM Consumer Sentiment | Friday | 10-05-2024 | 15:00 |
| 16 | Prelim UoM Inflation Expectations | Friday | 10-05-2024 | 15:00 |
| 17 | FOMC Member Barr Speaks | Friday | 10-05-2024 | 18:30 |
| 18 | Federal Budget Balance | Friday | 10-05-2024 | 19:00 |
