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Dao is a GameFi project. It is a journey of Taoist cultivation, spiritual practice, and cultural revival in Web3.
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HTX DAO Ambassador Molly: Continuously improve the ecological mechanism, promote community nodes and on-chain ecological construction

On the evening of October 6, HTX DAO Ambassador Molly stated at the HTX DAO "Night of the Future" event held in Singapore that HTX DAO is continuously investing in three directions: ecological mechanisms, community building, and on-chain ecology. By continuously optimizing the token economic mechanism, expanding ecological application scenarios, and advancing relevant ecological initiatives according to established mechanisms, a solid foundation for long-term ecological development is being laid.Regarding community building, Molly revealed that HTX DAO plans to promote the construction of regional community nodes in the fourth quarter, supporting community members to organize activities, participate in exchanges, and co-build community culture. Currently, the number of active volunteers participating in community building has approached 200, and there are plans to further expand community participation in the future. In terms of on-chain ecology, HTX DAO is attracting developers from global universities to participate through hackathons and other means, with several projects currently in further incubation or advancement stages, exploring integration with $HTX ecological application scenarios.Molly emphasized that ecological construction requires long-term investment. HTX DAO will continue to improve infrastructure, cultivate active communities, and promote the implementation of ecological applications. She also stated that as one of the participants in the HTX DAO ecosystem, Huobi HTX is also continuously optimizing user experience, including optimizing withdrawal fees, collecting user feedback, and improving the App usage experience, to better respond to user needs and market changes.

Sun Yuchen appeared in a video at HTX DAO "Night of the Future": AI and digital finance integration, promoting the free flow of value in the digital world

On the evening of October 6, HTX DAO's "Night of the Future" was held in Singapore. HTX DAO core supporter Sun Yuchen stated via video that the cryptocurrency industry is deepening its connection with traditional finance, promoting the continuous digitization of global financial infrastructure; AI is changing the way wealth is created, while Crypto and digital finance are altering the ways wealth is held and flows.Sun Yuchen pointed out that stablecoins are expected to play a more important role in global payments and settlements, and the on-chain applications of traditional assets such as bonds, funds, and gold will continue to be explored. After AI Agents enter economic activities, there will be further demand for identity, accounts, and independent trading capabilities. He emphasized that the long-term value of technology lies in its transformation into real productivity, and "the free flow of value in the digital world" is the trend he is most concerned about for the next decade, hoping that blockchain will enhance the accessibility, convenience, and efficiency of financial services.This event further strengthened the communication between HTX DAO and global communities and industry builders. HTX Ventures will appear at TOKEN2049 from October 7 to 8, with a booth located at PB5-47&48. From October 6 to 8, HTX DAO will also host several invitation-only events such as reunions and VIP private dinners.

first_img Aave Labs proposed to establish the Cayman Aave Foundation, with Phase 1 covering only entity registration

The developer of the decentralized lending protocol Aave, Aave Labs, has published an ARFC on the governance forum, proposing the establishment of the Aave Foundation. This entity will be a memberless foundation company in the Cayman Islands, which will hold the Aave trademark and related intellectual property for the Aave Protocol.The proposal only covers Phase 1, which includes entity registration and the appointment of initial independent directors and supervisors. The transfer of trademarks, domain names, and intellectual property of the codebase, as well as the scope of operations, will be addressed in subsequent phases and must be submitted for governance separately. Phase 1 only applies for registration, legal work, and reasonable expenses for the appointment of directors, supervisors, and secretaries, with no recurring budget; future funding must be proposed separately.The foundation is established under the Foundation Companies Act, with its charter goals limited to holding, protecting, and licensing intellectual property for the Aave Protocol. Aave Labs, DAO service providers, and their affiliates have no right to appoint directors or supervisors and cannot hold such positions. After the initial appointments, the removal and appointment of directors can only be done through an AIP. If this ARFC reaches community consensus, it will enter Snapshot, and then the related expenses will be authorized through an AIP, followed by registration in the Cayman Islands and completion of the appointments.

first_img Core DAO Emergency Hard Fork Due to Validators Over-Claiming Rewards Plan

Core DAO is coordinating an emergency hard fork due to some validators receiving CORE rewards that exceeded the protocol's expected issuance. Core stated in an update that the situation has been brought under control, and "malicious validators" can no longer claim excess rewards. This fork is a forward upgrade and will not roll back the network or revoke any confirmed transactions.Previously, Core indicated in a status update on Monday that the rewards accumulated by a small number of validators were significantly higher than the protocol's expected issuance. The incident was limited to the reward distribution phase, user assets remain secure, and they promised to release a technical review report. Following the incident, several exchanges restricted CORE transfers: Coinbase suspended deposits and withdrawals on the Core network, Bithumb and Coinone suspended deposits and withdrawals, Bitget suspended deposits and withdrawals citing wallet maintenance, and LBank suspended deposits at the request of the project party.Core has not disclosed the amount of excess issued CORE, the duration of the activity, or whether additional tokens have entered circulation, nor have they provided details on the vulnerability that allowed validators to receive rewards. Cointelegraph reached out to Core for further information but had not received a response by the time of publication.
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