delegation

The Cardano blockchain split into two chains due to a software vulnerability triggered by a malformed delegation transaction.The transaction was validated on the new version of the node, but was rejected by the old version of the software, leading to a network fork. The Cardano ecosystem governance organization Intersect stated in an incident report that this "toxic" transaction exploited a flaw in the underlying software library, splitting the network into a "poisoned" chain that included the transaction and a "healthy" chain that did not. Co-founder Charles Hoskinson initially claimed it was a "premeditated attack," but later an X user, Homer J., publicly admitted responsibility, stating that he acted carelessly while trying to reproduce the "bad transaction" and relied on AI-generated instructions. The user claimed there was no malicious intent and no economic benefit gained from it. Intersect confirmed that there were no user fund losses, and most retail wallets were unaffected. The price of ADA tokens dropped over 6% as a result of the incident.

ChainCatcher news, according to on-chain data, Hyperlabs' "current and future core contributors" wallet address has just undelegated 25.4 million HYPE (approximately 1.2 billion USD) from the foundation's validator nodes and redistributed it to multiple validator nodes. The total amount of delegated HYPE (including previous allocations) is 68,567,821.33 HYPE (approximately 3.24 billion USD):ValiDAO: 3,165,873.36 HYPEB-Harvest: 3,165,723.11 HYPEAlphaticks: 2,165,992 HYPEUSDT0 x Luganodes: 3,165,938.47 HYPEHypurrCorea: SKYGG x DeSpread: 3,165,941.39 HYPEImperator.co - HypeRPC.app: 5,029,617.8 HYPEinfinitefield.xyz: 10,057,468.79 HYPEHypurrscanning: 20,090,772.9 HYPENansen x HypurrCollective: 10,063,822.36 HYPEASXN: 3,165,669.15 HYPEeyenovia 4.1: 3,165,001 HYPEPurrposeful x HyBridge x PiP: 2,166,001 HYPE

ChainCatcher news, StarkWare has announced the launch of the Delegation Program, aimed at helping to secure the network by authorizing validators (especially smaller validators) and earning rewards in the process, thereby supporting the decentralization of Starknet.As part of this program, StarkWare will gradually delegate millions of STRK to eligible validators to expand the staking pool, improve staking distribution, encourage new validators to participate, and enhance the overall decentralization of the network, with the initial registration period open until July 1, 2025.

ChainCatcher message, according to SolanaFloor, the Solana Foundation has launched a new policy to strengthen decentralization: for each new validator added to its Delegation Program, if certain validators have been eligible for Solana Foundation delegation on the mainnet for at least 18 months and have less than 1000 SOL staked outside of the Solana Foundation delegation, three of them will be removed. This change aims to reduce reliance on foundation delegation, encourage community-supported validators, and maintain a more efficient and decentralized network.

ChainCatcher news, according to The Block, the Uniswap DAO has voted to continue implementing its "Treasury Delegation Program," which may allocate up to 18 million UNI tokens to specific representatives, amounting to approximately $113.4 million at current prices.According to the preliminary governance vote that ended on Tuesday, the proposal has received initial approval, with specific details to be determined later and requiring final approval through on-chain voting. Uniswap's first Treasury Delegation Program—"Delegating UNI to active but underrepresented representatives"—is set to launch in December 2023, aimed at supporting "active but underrepresented representatives" who vote on behalf of UNI token holders.Tane, representing the platform, stated in the proposal: "This program is crucial for maintaining healthy governance and retaining active and capable representatives." It cited data from the previous funding support program, noting that after the program was launched, "all representatives participated in all votes, making the DAO healthier."

ChainCatcher message, the dYdX Foundation announced on the X platform that it has completed the DYDX staking delegation rebalancing, aimed at supporting the security and resilience of the dYdX Chain, and promoting a more even distribution of active validators' staking weights.According to disclosed data, as of March 21, the dYdX Foundation has approximately 6.2 million DYDX tokens available for delegation by the foundation.

ChainCatcher news, the fully encrypted network Mind Network based on FHE has officially launched the FHE voting feature and verification network Hubs today at 16:00. Users can participate in voter registration with zero barriers or use vFHE to participate in Hubs delegation.Mind Network is incubated by Binance Labs and recently announced the completion of a $10 million Pre-A round of financing. Last month, it launched the voting product MindV based on fully homomorphic encryption (FHE). The newly launched MindV Hubs include two foundational module networks: FCN (Consensus Network) and FDN (Decryption Network), as well as the fully homomorphic encryption random number generator RandGen.Existing vFHE holders can participate in delegation and earn rewards. MindV Hubs are temporarily open for 10,000 early voter slots, and registration does not require holding vFHE. Additionally, future Hubs partners have been previewed, including InfStones, KIP Protocol, Rivalz Network, Lumoz, CARV, DIN, and Inferix.Mind Network is the first Web3 fully encrypted infrastructure based on FHE, providing end-to-end encryption for AI and Web3 networks through innovative fully homomorphic encryption, and offering solutions for data sovereignty protection, fair consensus, encrypted voting, and secure cross-chain transfers.

ChainCatcher news, the privacy public chain Namada announced that the Anoma Foundation is launching the Namada delegation program, with applications now open and a deadline of October 31, 2024. This program will be used to delegate up to 50 validator nodes. Accepted validators will receive a 6-month delegation from the Anoma Foundation to help with the network's decentralization, stability, and security.

ChainCatcher News, Taiwan's "Financial Supervisory Commission" announced the opening of foreign virtual asset ETFs for professional investors through a discretionary investment method. Qualified professional investors include: professional institutional investors, high-net-worth institutional investors, high-asset clients, legal entities or funds that qualify as professional investors, and natural persons who qualify as professional investors.To ensure that investors have sufficient investment experience and knowledge, securities firms must establish a comprehensive suitability assessment system when providing virtual asset ETF services, which must be reviewed and approved by the board of directors. Before a client purchases a virtual asset ETF for the first time, the securities firm must assess whether the client has relevant investment experience and professional knowledge to ensure the suitability of the client's investment risk.In addition to professional institutional investors, other investors must sign a risk disclosure statement before their first purchase of a virtual asset ETF. Securities firms must provide relevant product information to investors before accepting their first purchase of a virtual asset ETF to assist investors in fully understanding the characteristics and related risks of the virtual asset ETF they are investing in.

ChainCatcher news, the liquid staking protocol Marinade on Solana has released a roadmap update on X. Marinade Finance will launch the staking auction market SAM delegation on August 14, a rewards report generator will go live in the third quarter, and in the fourth quarter, native instant unbonding, SAM-based accelerated delegation, and staking recommendations will be introduced.

ChainCatcher news, MetaMask's parent company Consensys has released a new toolkit called "MetaMask Delegation Toolkit" to simplify the user experience of blockchain applications and plans to allow developers to use its new product.The toolkit allows users to log in instantly without interacting with traditional wallets, eliminating confirmation pages or pop-ups when users switch between DApps and wallets.Additionally, Consensys stated that the toolkit is designed to simplify the development of smart contracts and allows developers to reallocate gas costs, enabling certain individuals to not have to pay any fees.

According to ChainCatcher, citing informed sources from CoinDesk, over 30 validators were kicked out of the Solana Foundation's delegation program last weekend. Although they remain validators on the network, they are no longer eligible to receive rewards for validating transactions on the Solana blockchain. Another source stated that many of the operators are Russian. In total, 32 operators were removed, who collectively held 1.5 million SOL, accounting for about 0.5% of the staked amount in the program.ChainCatcher previously reported that, according to The Block, the Solana Foundation announced that it had removed a group of validator operators from the delegation program due to their involvement in "sandwich" attacks on Solana users.

ChainCatcher news, according to The Block, the Solana Foundation announced that it has removed a group of validator operators from its delegation program due to their involvement in "sandwich" attacks on Solana users.Mert Mumtaz, co-founder of Solana RPC provider Helius, explained that this move will ensure that the foundation does not delegate to validators that engage in malicious sandwich attacks on retail users.

ChainCatcher news, according to Dune data, the current number of W token staking addresses has reached 71,781, with the token threshold for the top 1000 stakers being 10,599 tokens, and the token threshold for the top 5000 stakers being 4,329 tokens.In addition, according to Tally page information, a total of 80.45 million W tokens have completed voting delegation designation.

ChainCatcher message, encrypted KOL TOBI posted on social media, stating that the delegation feature of the suspected ZK token has just been deployed on ZK Nation.Previously, the official Ethereum L2 network zkSync reminded users to pay attention to the "community account ZK Nation, which is dedicated to managing, protecting, and developing the zkSync protocol."

ChainCatcher news, according to the tally page information, 53.68 million Wormhole tokens have completed voting delegation. Blockworks Research, Wormhole Foundation co-founder Dan Reecer, and crypto KOL olimpio.eth are the top three in delegated voting rights.On June 6, Wormhole announced the launch of Stake For Governance, requiring W token holders to bridge W tokens to the EVM chain and "stake" tokens to participate in governance. Meanwhile, as a security feature of Wormhole Guardian, the daily transfer limit of W tokens from Solana to the EVM chain is set at 100 million tokens.

ChainCatcher message, in response to community feedback that the Taiko protocol is more expensive than other L2 networks, Taiko stated that the Taiko Rollup protocol involves more logic and storage, utilizing several upgradable proxies, which increases the additional delegation call costs. Furthermore, Taiko blocks are not proposed or proven in batches. Proposers interact with Ethereum more frequently to compete for block space and ensure on-chain activity. The on-chain ring buffer has also not been exhausted yet, which makes the storage write costs higher; this situation is expected to improve in about 40 to 60 days.

ChainCatcher news, according to @ai_9684xtpa's monitoring, half an hour ago, BitMEX founder Arthur Hayes retrieved 1.55 million PENDLE from the Pendle voting delegation address, worth 9.41 million dollars.Arthur Hayes holds a total of 1.65 million PENDLE, of which 100,000 were received from the project team a year ago, and the remaining 94% were purchased from Binance and Wintermute between September 2023 and June 2024, at an average price of 2.36 dollars, currently showing an unrealized profit of 6.29 million dollars.

ChainCatcher news, the Uniswap Foundation has postponed the UNI token staking and delegation rewards vote originally scheduled for Friday due to a stakeholder raising issues that require more attention. The Foundation stated on social media platform X that they decided to delay the vote due to the immutability and sensitivity of the proposal upgrade. This news caused the UNI price to drop by 8.7%, currently trading at $10.20. The proposal aims to compensate Uniswap stakers and delegators for their high-quality participation, with the vote originally set for May 31. The Foundation stated that they will keep the community informed of any significant changes and will provide updates once they have a clearer understanding of the future timeline.

ChainCatcher news, the NEAR Foundation announced today that the NEAT protocol has received 1 million NEAR tokens in staking delegation from the NEAR Foundation.It is reported that NEAT is an aggregation protocol designed to scale AI applications on NEAR, and all NEAR token rewards from the delegation will be redistributed to NEAT stakers.