News linked to both this project and an event.
Ethereum Layer 2 network Scroll published a summary of its DAO monthly meeting on October 30, further disclosing its network transformation plan, which intends to adjust the existing network into a permissioned network and migrate SCR and USX to the Ethereum mainnet. Scroll stated that detailed proposals will subsequently be submitted for governance review of the related transition arrangements.To support the transition, Scroll is preparing to help users review their existing positions and safely transfer or withdraw assets during the network transformation. In addition, Scroll's AI application Compass has launched a paid subscription service on iOS, while the Android version and more fiat payment methods are still under development, and the Compass API is also expanding support for different AI models.
Odaily reports: Balancer has announced that during an inventory of DAO assets, it discovered over $500,000 in assets and unclaimed rewards left in the protocol by external users and institutions, involving institutions such as Ethena and Gauntlet. Some liquidity assets in Balancer v3 use Vault internal accounting and cannot be displayed properly on block explorers or asset management tools such as DeBank; in addition, some users still have unclaimed rewards after withdrawing liquidity from v2. Balancer has notified the relevant asset owners, and some institutions have begun withdrawals. Previously, the Balancer community approved a proposal to gradually wind down the protocol's operations, and some pools will switch to withdrawal-only mode on October 30.
JUST has published an open letter to JST holders and released the key progress report for JST 2026 Q3 and October. The letter highlights that cumulative buybacks and burns across five rounds have totaled 1,881,973,007 JST, representing 19.01% of the initial maximum supply, with approximately $118.15 million invested in buybacks and burns. In October, JUST DAO upgraded the JST buyback and burn mechanism, shifting to a model supported by sustained ecosystem revenue. Starting in Q4 2026, the project plans to allocate approximately $20.34 million in excess funds toward buybacks over four installments, while maintaining a treasury safety reserve of at least $50 million. The report also indicates that JustLend’s quarter-end TVL remained above $7 billion, and GasFree processed approximately 21.24 million transactions in Q3. As buyback funding transitions from historical revenue reserves to ongoing ecosystem income, JST’s deflationary trajectory and ecosystem growth are increasingly aligning.
JUST has announced an upgrade to the JST buyback and burn mechanism. Following the completion of the fifth round of buybacks and burns, the mechanism officially enters a new phase: at the governance level, decision-making will be centralized under the JUST DAO, which will also establish a reserve fund of at least $50 million for risk mitigation, emergency redemptions, and liquidity support to enhance the mechanism's resilience and execution stability. At the buyback level, operations will now be executed based on the JUST ecosystem's quarterly sustainable revenue, establishing a standardized routine of ongoing buybacks and periodic burns that more tightly aligns the buyback volume with the ecosystem's actual revenue.
During Aave's official quarterly live stream on X on October 22, Aave founder Stani Kulechov stated that Aavenomics 3.0 will be launched soon, which includes AAVE buyback, staking, and burning mechanisms, with repurchases set to resume. Additionally, seven of Coinbase's tokenized stocks have been listed on Aave V4 Equities Hub on the Base network and can be used as collateral to borrow USDC. Currently, it is only accessible to eligible non-US users. Initial deposits at launch were approximately $9.6 million. In terms of Q3 data, the DAO generated revenue of approximately $18.9 million and net profits of around $4 million. Total deposits grew by 41% to reach approximately $33.6 billion, while active loans increased by 32% to about $13.2 billion.
According to security researcher Spreek (@spreekaway), the administrative keys for swETH and rswETH under Swell DAO appear to have been compromised. Attackers are inflating the NAV (Net Asset Value) without asset backing by up to 1% per hour. Four malicious upgrade contracts have been deployed and are queued for multisig execution; if executed, they could result in the theft of approximately 2,500 ETH. Furthermore, analysis by ADL (@ADLXBT) indicates that the management keys control proxy administrator permissions. Once seized by attackers, these keys could allow the redirection of swETH/rswETH proxies to malicious implementation contracts, triggering minting or withdrawal functions to artificially inflate the NAV without corresponding asset backing. Spreek noted that any connection between this incident and the Railway platform remains speculative, with only a coincidental timeline observed and no concrete evidence available. The incident report he published was generated by Claude, and certain portions remain unverified.
The proposal page on the ENS DAO governance platform Tally/Blockful shows that the "Activate ENSv2" proposal submitted by nick.eth is currently voting and will close on October 25 at 13:32. Currently, there are approximately 619,000 yes votes (100%), 25 no votes, and 0 abstentions. Quorum progress stands at 619.42K / 1M. Upon approval and execution, the DAO will freeze new .eth registrations on ENSv1 through a single atomic transaction consisting of 15 calls, and transfer ownership of the v1 BaseRegistrar to the renewal-only ETHRenewerV1 contract. Simultaneously, the proposal will direct the .eth resolver to the ENSV2Resolver and update the Universal Resolver proxy to point to an intermediate proxy managed by the Security Council. Subsequently, ENS Labs will complete the final pre-migration synchronization and open registration via the v2 ETHRegistrar. The team will also switch to v2 resolution and transfer all retained v2 administrative privileges to the DAO timelock. An interval of several hours is anticipated between the proposal's execution and the full v2 launch. During this window, new name registrations will be disabled on both v1 and v2, while other name management operations will continue as usual and renewals will remain functional.
According to the Arbitrum Foundation Governance Forum summary, Arbitrum DAO currently has four temperature check votes concluding on October 22, covering the Ethereum Glamsterdam upgrade adaptation, L1 governance recovery mechanism, treasury ETH transfer, and the USDG strategic plan. Among them, Entropy proposes designating USDG as one of the core strategic initiatives for Arbitrum DAO, requesting an additional 100 million ARB from the DAO treasury allocated to the DRIP budget, while also adjusting the project timeline and permitted uses. Additionally, it is proposed to route AEP net fees into the ATMC and convert them into USDG to support the growth of USDG on Arbitrum.
ENS DAO has initiated an on-chain vote on the proposal to activate ENSv2 on Ethereum mainnet. The vote will end on October 25 at 13:32. As of now, 6 wallets have cast 531,300 ENS, with approximately 100% in favor, but the quorum has not yet been reached. The proposal contains 15 actions, which will be executed all at once by an execution contract controlled by the DAO; if any single action fails, none of the actions will take effect. The previously approved pricing scheme will take effect after the proposal is executed, and the same applies to renewals of domains that have not been migrated. Some voters oppose raising the annual fee for domains of 5 characters or more from $5 to $8.
According to a Galaxy research report, event-driven finance is gradually surpassing traditional prediction markets and expanding into "conditional markets" (Conditional Markets) that encompass decision markets (Decision Markets) and impact markets (Impact Markets). Currently, 22 decentralized autonomous organizations (DAOs) utilize decision markets for governance, managing a total asset value of $50.5 million, of which $35.8 million consists of stablecoins; the MetaDAO ecosystem accounts for 78% of total managed assets and 82% of stablecoin assets.
Nick Johnson, founder of the Ethereum Name Service protocol ENS, has submitted an executable draft proposal requesting that the decentralized autonomous organization (DAO) approve the activation of ENSv2 on the Ethereum mainnet. Once the upgrade is approved, the original ENS registrar will pause new domain registrations, while existing domain holders will still be able to renew.ENSv2 will introduce a more flexible domain management and permissions architecture. After domain record synchronization is complete, new .eth registrations will migrate to the upgraded system, and new registrations on both systems may be paused for several hours during the transition; existing holders will not need to migrate, and their domains will remain fully functional. ENS Labs plans to transfer the remaining administrative permissions of the upgraded contracts to the DAO.The proposal is currently still in draft stage and needs to enter the on-chain DAO voting process. According to governance rules, an executable proposal must secure at least 1 million ENS tokens participating and a majority of support within a 7-day voting period. After approval, it must also undergo a timelock of at least two days. The voting date has not yet been announced. (Cointelegraph)
the Polkadot community recently submitted a proposal on the SubSquare platform titled "DOT DAO Strategy Mandate," advocating for a shift in the DAO's strategic focus from ecosystem expansion and total value locked (TVL) growth to end-user acquisition and real-world use cases, and planning to build a user-facing Polkadot Product Platform.Another core component of the proposal is the launch of a permissionless DOT-collateralized stable asset called dotStables, with priority support for dotUSD. The asset adopts a collateralization model similar to Liquity, aiming to ultimately convert stablecoin demand into demand for DOT. In terms of platform design, it will be compatible with existing parachain infrastructure and emphasize a freemium model, mobile-first approach, self-custody, privacy protection, and login-free user experience. Currently, the proposal is still in the governance preparation stage.
oracle network Pyth Network has released its Q3 business report, stating that as of the end of September, its active annual recurring revenue (ARR) reached $11.49 million, up 86.5% from the previous quarter, with net new ARR of $5.33 million in Q3.On the exchange side, the trading volume of real-world asset (RWA) perpetual contract markets powered by Pyth data reached $2.09 trillion in Q3, accounting for 94.1% of the total volume in related markets. In prediction markets, Pyth has provided data support for platforms such as Kalshi and Polymarket. Among them, Kalshi listed Pyth as the data source provider for its gold and silver perpetual contract markets in relevant regulatory filings. In the AI sector, Pyth is testing financial data infrastructure for AI agents with Exa, providing real-time prices, historical data, and candlestick data to enable AI systems to incorporate market information into analysis and decision-making.Additionally, Pyth DAO approved the "100% Rule," under which all future revenue the DAO receives from Pyth products will be used for open market buybacks of PYTH tokens. Compared to the previous practice of using only one-third of non-PYTH asset balances for buybacks, the allocation ratio has been increased threefold.
Odaily — Polkadot has officially announced that the stablecoin dotUSD has officially launched on the Polkadot network. The stablecoin has no single issuing company or controlling entity; instead, it is managed by the DOT DAO through the OpenGov on-chain governance mechanism. Polkadot stated that dotUSD aims to become a native stablecoin governed by the network itself, thereby reducing reliance on centralized issuing institutions.
Odaily News: Lido is developing a decentralized lending market called Lido Lend, which is built on a modified fork of Morpho Blue, adopts an isolated lending market design, is proposed to be governed by Lido DAO, and is pending a governance vote for approval. Lido Lend is limited to blue-chip assets, encourages price-correlated trading pairs such as stETH/ETH, and provides a deposit screening mechanism to guard against bad collateral. Lido stated that Lido Lend is not a general-purpose pool-based lending solution but is aimed at professional borrowers and risk-averse lenders; currently, stETH staking scale exceeds $25 billion, with no major security incidents since launch.
The decentralized lending protocol Aave community has released an ARFC proposal, proposing the establishment of a "memberless" foundation entity, Aave Foundation, in the Cayman Islands to hold the Aave trademarks, core domain names, and intellectual property rights of the codebase. According to the proposal's plan, the structure will be implemented in phases. Phase I involves solely the establishment of the entity and the appointment of independent directors and supervisors, with all associated costs borne by the decentralized autonomous organization (DAO) and no regular budget established.
Odaily News: DeFi protocol Sentora has initiated an ARFC proposal to operate an independently curated lending market on Aave V4. The initial deployment will be on Ethereum, supporting stablecoin lending such as RLUSD, PYUSD, and OUSD, with Aave DAO receiving 50% of the revenue from this instance.The Aave DAO governance short-term executor will retain structural ownership of the instance and hold the management roles for all hub-and-spoke contracts, configurators, and the native AccessManager.
Odaily News: Cross-chain protocol Chainlink has released CCIP 2.0, allowing enterprises to add their own security checks for cross-blockchain transfers on top of its default network of 16 operator validators.The upgrade comes after Kelp DAO suffered a $292 million hack in April, an incident attributed to a LayerZero cross-chain bridge setup using a single validator; Kelp DAO subsequently migrated its rsETH token to Chainlink.Chainlink's risk management network no longer operates as a standalone security safeguard, and users who do not add their own validators will rely on one validation network rather than two. (CoinDesk)
According to disclosures by Compound community member ugurmersin, the Compound Foundation is suspected of violating the strict provisions of Proposal #536. The proposal originally assigned 8.42 million DAI from the DAO's reserves to the Foundation for management, explicitly stipulating that the funds could only be used to support protocol operations, strictly prohibiting proprietary trading or speculation, and forbidding their use to fund the Foundation's own business.
Odaily News: Coinbase tokenized stocks are now live on the Base deployment of Aave V4. Eligible users in jurisdictions outside the United States can use AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc as collateral to borrow USDC. This V4 instance was deployed by Aave Labs on behalf of the Aave DAO, with risk analysis conducted by LlamaRisk. Chainlink, as Coinbase's official oracle solution, provides price data for the tokenized stocks, including underlying stock prices and issuer multipliers.