News

Foresight News reported that Aave founder and CEO Stani.eth expressed concerns about the Uniswap Labs proposal. While he appreciates Hayden and Uniswap Labs' efforts to refocus attention on the Uniswap protocol, he believes the proposal may not yield optimal results in the broader DeFi and DAO landscape. He emphasized that decentralized decision-making is crucial for protocol resilience and discussed the role of independent stakeholders in DAOs and the governance models of decentralized autonomous organizations (DAOs). Stani.eth stated, "If a decentralized autonomous organization (DAO) relies on a single core entity, its efficiency is greatly reduced. This entity wields excessive influence over the protocol, weakening competition among service providers and increasing the DAO's costs. If service providers and lab teams do not focus on building businesses based on the protocol, the DAO will become dependent on third parties whose interests are less aligned." According to previous Foresight News coverage, Uniswap Labs had earlier released a joint governance proposal to migrate ecosystem teams from the Foundation to Labs, with the shared goal of protocol success, and growth and development funds provided by the treasury.

Foresight News reported that BitMine, the Ethereum treasury company under Tom Lee, has appointed Chi Tsang as Chief Executive Officer. The company has also appointed three new board members with backgrounds in traditional finance, asset management, and the legal industry: Robert Sechan, founder of NewEdge Capital Group and CEO of NewEdge Wealth, joins the company as an independent director; Jason Edgeworth, asset manager at JPD Family Holdings, joins as an independent director; and Olivia Howe, Chief Legal Officer of RigUp, joins as an independent director.