ChainCatcher news, according to the Eigen Foundation announcement, the Protocol Council has officially launched, and the foundation has completed the final locking transaction to transfer control to the council.The Protocol Council is the core decision-making body of EigenLayer governance, responsible for reviewing and approving EigenLayer Improvement Proposals (ELIPs) to ensure that all protocol upgrades meet security requirements and support the sustainable development of the ecosystem. The council members are composed of diverse representatives from the Eigen ecosystem, aimed at promoting the decentralized governance of the protocol.

ChainCatcher news, Usual posted on platform X that its protocol currently has the largest Curve liquidity pool, and its trading volume has consistently ranked in the top three.

ChainCatcher message, the voting on LayerZero's "Enable Fee Switch" proposal has ended. Due to the lack of a quorum, the LayerZero protocol fee switch will remain off, and the next vote will take place in six months.

ChainCatcher news, according to official sources, the Eigen Foundation has committed to allocating 1% of the EIGEN token supply to the Protocol Guild.According to the Eigen Foundation's statement, these funds will be used to support the ongoing work of the Protocol Guild, which currently has 180 members from 29 teams.

ChainCatcher news, Risitas Capital shared that LayerZero (ZRO) will hold a public referendum on December 19 to initiate fee conversion.According to previous official documentation, ZRO holders will always control the accumulation of protocol fees. An immutable voting contract enforces a public on-chain referendum every six months, allowing ZRO holders to vote on whether to enable or disable the protocol's fee switch.The LayerZero protocol may charge fees equal to the total cost of validating and executing cross-chain messages. For example, if the DVN and executor configuration chosen by the application charges a fee of $0.01 for transactions between Arbitrum and Optimism, LayerZero may also charge a fee of $0.01.If the fee switch is activated through governance, the referendum treasury contract will collect fees on the local chain and burn those fees.

ChainCatcher news, the decentralized trading platform Hashflow has announced that its token burn proposal has been approved. Starting today, the platform will use 50% of the protocol fees for the buyback and burn of HFT tokens. As the beginning of this plan, Hashflow has completed the destruction of over 900,000 HFT tokens.

ChainCatcher message, Pendle announced on platform X that the protocol has launched on the Base network, allowing users to unlock new revenue streams such as fixed income, yield trading, and LP opportunities on Base.As of now, Pendle has accumulated approximately $1 billion in BTCfi liquidity and about $717 million in LST/LRT liquidity.

ChainCatcher news, the decentralized trading platform Hashflow proposes to use 50% of the protocol fees for monthly buybacks and burns of HFT. If the Hashflow DAO approves this proposal, the existing assets in the buyback wallet will be immediately burned after the proposal is implemented, with currently 859,378 HFT in the wallet.

ChainCatcher news, according to official messages from EigenLayer, the unauthorized $5.7 million token sale incident was caused by a hacker attack, but the incident is isolated and will not affect its ecosystem. The team stated that this leak is unrelated to any on-chain functionality.In addition, EigenLayer also stated that there are no known vulnerabilities in the protocol or token contracts. EigenLayer further mentioned in the community update that they will continue to investigate and will release updates once more information is available.

ChainCatcher news, stablecoin protocol Usual has partnered with LayerZero. With LayerZero's cross-chain interoperability, the Usual protocol will introduce Layer 2 networks.In addition, Usual stated that it is also focusing on collaborations in CeFi and other areas, aiming to establish a seamless bridge between decentralized finance and traditional finance.

ChainCatcher message, Onyx released a post-analysis of the protocol's currency market on platform X, which pointed out that the Onyx protocol encountered a security incident where a malicious actor exploited a vulnerability to withdraw VUSD, with the vulnerability involving the NFT liquidation contract.It is reported that the main issue of this attack was not the empty market, but rather the NFTLiquidation Contract, and XCN Staking and XCN Farming were not affected.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the Friend Tech project team has generated revenue of approximately $52.4 million through the protocol, with a total of 19,477 ETH transferred to Coinbase.On-chain data shows that the Friend Tech project team transferred a total of 19,477 ETH to Coinbase through protocol revenue during the period from 2023/12 to 2024/6. If they sold the ETH immediately after each transfer to Coinbase, their earnings would be around $52.39 million.

ChainCatcher message, cross-chain application building platform Hyperlane stated on X: "The team behind the modular blockchain Nautilus Chain has recently terminated its agreement with the infrastructure provider, resulting in the chain stopping and user funds being trapped. Fortunately, the infrastructure provider has agreed to restart the chain for two weeks, until September 6, to give users time to recover their funds. Users must withdraw their funds within the next two weeks, or they may face the risk of permanently losing the remaining funds on the Nautilus chain."

ChainCatcher news, Dune data shows that the current number of users of the decentralized social protocol Farcaster has exceeded 650,000, but daily active users and user engagement have declined from their peak (daily active users are between 43,000 and 46,000).In addition, Farcaster's total revenue has surpassed $2.23 million, currently reaching $2.233 million.

According to ChainCatcher news, the decentralized trading platform HelloDex has officially released and announced its governance token economics, with a focus on 80% of the protocol profits being allocated to users, specifically:10% allocated to users of the product;10% allocated to the community, KOLs, and volunteers;10% for each new version's security audit costs as well as team operations, development, and server costs;20% retained by the team.

ChainCatcher news, Rho Markets announced on platform X that it has successfully completed the fund allocation, and the protocol is now officially back online.

ChainCatcher message, cross-chain transaction aggregator LI.FI announced an update stating that the protocol has fully resumed operations, and most of its partner protocols' bridging and exchange services have been restored.LI.FI will continue to work with law enforcement and industry participants to trace and recover funds.

ChainCatcher message, Compound DAO security advisor Michael Lewellen tweeted that the Compound Finance official website has been hacked and is currently hosting a phishing site. Please do not interact with this site until further notice. It is important to note that the Compound protocol itself is unaffected, and all funds in the smart contracts are safe.

ChainCatcher news, LayerZero CEO Bryan Pellegrino responded on social media to community members' concerns about the code, stating that these accusations are unfounded. The code cited by community members was released in 2022, and these configurations are security settings for the application, not protocol settings. Even in the latest version, the application can still override this limitation to prevent LayerZero from blocking messaging by setting the "load limit" to 0.Pellegrino emphasized that this is not a vulnerability, but rather a design principle of the protocol aimed at ensuring the censorship resistance of the technological infrastructure.