Recently, significant developments have attracted attention, especially in Chiliz (CHZ), EOS and many other altcoin projects. In this article, we will explain each development. Here are the details…
There are critical developments for CHZ and these altcoins
EOS Foundation completed its transformation
In a recent announcement on Twitter, EOS Foundation CEO Yves La Rose shared that a comprehensive restructuring aimed at optimizing the organization’s activities has been successfully concluded. This strategic move responds to ever-evolving financing dynamics and is designed to position the EOS Network Foundation (ENF) to be more successful in an ever-changing market environment. The restructuring of ENF is a carefully considered response to the need for adaptability and efficiency in the world of Blockchain technology and decentralized networks.
New offer from Chaos Labs
Chaos Labs presented a proposal to “lower the CRV liquidation threshold (LT) on the Aave V3 Polygon network” at the Aave Governance Forum on October 29. Since market liquidity for CRV has decreased significantly, the proposal aims to address this issue by lowering the liquidation threshold for CRV on Aave V3 Polygon. The aim is to reduce CRV-related risk exposure and reduce borrowing capacity so that it is more accurately consistent with current market conditions and other deployed parameters.
Uniswap community completes Ekubo vote: failed to pass Visa proposal
On October 29, the Snapshot voting page showed that the Uniswap community voted to accept the “Investment in Ekubo Protocol” proposal. Uniswap invested 3 million UNI (worth approximately $12 million) in Starknet ecosystem AMM Ekubo Protocol in exchange for a 20% share of Ekubo Protocol’s future protocol governance tokens. Ekubo founder Moody Salem is reportedly the engineering lead for the Uniswap team and contributed to much of Uniswap’s early code.
On the other hand, also on October 29, the Snapshot voting page showed that the Uniswap joint Visa card proposal did not pass the vote, with 93.09% voting against, 6.78% abstaining, and 0.13% voting in favor. The proposal builds on a proposal by Arbitrum’s Swiss regulated bank, Fiat24, to issue a co-branded Visa debit card with Uniswap.
Critical staking step from Flare
Smart contract platform Flare Network announced on social platforms on October 29 that it has launched the public staking platform FlareStake, which is initially only available to users with Ledger devices.
Chiliz (CHZ) launches Chiliz Chain
Sports and entertainment Blockchain solution Chiliz announced in a statement on social platforms on October 29 that it has launched the Chiliz Chain ecosystem to allow users to participate in SportFi. Developers can create fan-centric applications and have the freedom to experiment and innovate without restrictions, and the Chiliz Chain blacklist protects users and partners from intellectual property infringement, threats, and fraud.
FLOKI staked $40 million
On October 29, Meme project Floki announced that it had staked $40 million of its token FLOKI. He officially stated that this constitutes 12% of the total amount of the commitment rate. The minimum staking period is 3 months and the longest is 4 years.
The number of transactions on the Linea network has skyrocketed
Dune data showed that the Linea mainnet surpassed 101,430 ETH, the number of transactions reached 582,574, and the number of interactive addresses reached 366,008.
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