ChainCatcher news, Sonic Labs posted on X stating that they are upgrading the tokenomics through four successful governance proposals for Fantom, which includes an airdrop of approximately 200 million S tokens. At launch, the circulating supply of S is about 2.88 billion, with an initial total supply of 3.175 billion, allowing for a 1:1 migration; six months after launch, the network will utilize a unique 9-month linear burn mechanism to mint 6% of the initial total supply to extend the airdrop activity to reward users/developers.Additionally, six months after launch, the network will begin to mint 1.5% of the initial total supply annually over six years to fund growth, while annually burning unused S to ensure effective use; starting four years after launch, the network will mint 1.75% annually to permanently reward validators. All unused ecosystem growth tokens will be accounted for and burned annually. By 2031, the maximum expansion cap for S is 15% (excluding block rate rewards), during which various burn mechanisms are expected to significantly reduce the rate of expansion.

ChainCatcher news, ZKsync has released its first governance proposal, named ZKsync Ignite. This proposal plans to transform ZKsync Era into a liquidity hub for Elastic Chains.To achieve this goal, 300 million ZK tokens will be distributed to DeFi users over the next 9 months. The proposal has been published on the ZK Nation forum, aiming to further promote and expand the development of the ZKsync ecosystem.

ChainCatcher message, the governance proposal to activate STRK staking on Starknet is open for voting, which will end in 2 days. STRK holders will vote on the minting mechanism and the protocol to modify the minting mechanism parameters.

ChainCatcher news, the derivatives protocol Derive (formerly Lyra) has released a governance proposal for the DRV token economics. The DRV token is planned to be launched in the fourth quarter, with a total supply of 1 billion tokens. LYRA/stkLYRA holders will have a 1:1 claim to DRV tokens, with the amount determined by the balance at the time of the snapshot. DRV will be issued on the Ethereum mainnet, with most being cross-chain claimed on Derive L2, and can be staked as stDRV (only on Derive L2), with only stDRV able to participate in governance.As a reward for staking DRV, stDRV holders will be eligible for rewards. The DAO treasury will allocate up to 1.15 million DRV weekly to the CC multisig for staking rewards, and after 6 months post-TGE, the weekly rewards will decrease to 600,000 DRV. 25% of the protocol's revenue will be used to buy back tokens for the DAO treasury. Additionally, up to 2.5 million DRV will be allocated weekly for various incentive programs for protocol usage (trading/liquidity, etc.).

ChainCatcher news, SSV Network recently submitted two important proposals on its governance forum, which are currently under discussion.The first proposal aims to continue and expand the previous DIP-16 community and marketing management proposal, seeking additional funding for new activities and marketing services. This proposal requests $191,830 and $150,000 worth of SSV tokens for PR, conferences, and specific marketing activities, and additionally requests $1 million worth of SSV tokens as compensation for previous work.The second proposal involves technical upgrades and future development plans for SSV Network, including the Alan Fork upgrade, committee consensus upgrade, Pectra readiness upgrade, and several other technical improvements. This proposal requests $6 million worth of SSV tokens to support these technical development and upgrade efforts.

ChainCatcher news, the Bitcoin ecosystem DeFi protocol ALEX announced on social media that 100% of the protocol's revenue will be allocated as an additional subsidy to certificate holders. The governance proposal was approved by an overwhelming majority vote, and further announcements will be made as the subsequent implementation progresses.

ChainCatcher news, AI data infrastructure Covalent has announced a governance proposal to migrate the existing Covalent Network token CQT to CXT. Voting on this proposal on Snapshot will end on July 11.The proposal suggests the following key changes:Change the token code from CQT to CXT.Migrate the staking contract from CQT to CXT on the Ethereum chain.Migrate future governance on the Ethereum chain from CQT to CXT.Distribute CXT to all current CQT holders.Increase overall token liquidity.Covalent states that all tokens will be safe throughout the migration process. The CQT holdings of all token holders, operators, and delegators will be automatically migrated to CXT at a 1:1 ratio. CQT trading will stop at 00:00 UTC on July 9, and CXT trading will resume after the successful completion of the governance vote and migration.

ChainCatcher news, the Fantom Foundation announced on Twitter that the third Sonic governance proposal has been approved. The proposal includes content such as ecosystem grants, a new token burn mechanism, and innovative programs like Sonic Spark and Sonic University.It is reported that over the next six years, the Sonic Foundation will allocate a portion of tokens as operating funds for Sonic Labs.In addition, if the community decides to keep the inflation rate at 1.5% per year over the six years, then 47,625,000 tokens will be minted each year. If Sonic Labs only uses 5 million tokens in that year, the Sonic Foundation will burn the remaining tokens.

According to ChainCatcher news, The Block reported that a representative from the Arbitrum ecosystem, Frission, has proposed a governance proposal suggesting that 50% of the excess sequencer fees in the future be used to reward holders of ARB tokens who stake and actively delegate.The proposal addresses the growing treasury security concerns of the Arbitrum DAO, which currently holds over $50 million in excess fees. The proposal points out that only 10% of ARB is actively used for governance, and the voting participation rate is declining, making the treasury a potential target for governance attacks. Frission's proposal aims to incentivize governance participation, enhance the economic security of the DAO, and reduce the risk of the treasury being attacked.

ChainCatcher news, the Fantom Foundation announced on social media that the 3rd Sonic governance proposal has been released, which includes content such as ecosystem grants, a new token burn mechanism, and innovative programs like Sonic Spark and Sonic University.It is reported that over the next six years, the Sonic Foundation will allocate a portion of tokens as operational funds for Sonic Labs to manage the network growth between dApps, BD partnerships, and the ever-growing existing and new user communities.Additionally, if the community decides to keep the inflation rate at 1.5% each year for six years, then 47,625,000 tokens will be minted annually (3,175,000,000 x 1.5%). If Sonic Labs only uses 5,000,000 tokens that year, the Sonic Foundation will burn the remaining tokens (42,625,000).

ChainCatcher news, the Fantom Foundation has released the 2nd Sonic governance proposal, which includes an airdrop of S tokens for Opera and Sonic users, and plans to adopt a burn mechanism to increase activity and TVL.

ChainCatcher message, the Gala community has initiated a governance proposal regarding the "temporary GALA token contract upgrade and token burn."The proposal states that, in light of recent security incidents that led to the unauthorized minting and sale of approximately 600 million GALA tokens, as well as the permanent locking of about 4.4 billion tokens, this proposal aims to formally burn approximately 4.4 billion GALA tokens, along with about 600 million GALA tokens from the GALA treasury, to ensure the stability and sustainability of the ecosystem.Due to the upgradable nature of the GALA contract, the proposed changes will not require exchanges to conduct swaps or relist, and can be executed without affecting all GALA token users.It is reported that this move will involve upgrading the GALA contract, including the explicit and irreversible destruction of the same amount of unauthorized tokens or tokens deemed illegally obtained by law enforcement, and enhancing the security features of the contract to prevent future unauthorized access or breaches.

ChainCatcher message, the CosmosHub proposal 917 initiated by Dora Factory has been passed with a high vote from the community. After the approval of this proposal, Cosmos Hub will have its first native secondary community funding program, with one million dollars injected into the DoraHacks AEZ secondary funding matching pool, providing continuous funding for Cosmos public goods and application chain ecological infrastructure through ten rounds of secondary funding over two years.As the largest treasury allocation application in Cosmos Hub's recent history, this proposal has sparked extensive discussion within the Cosmos community and received widespread support. There were over one billion dollars in ATOM votes in favor, including SG-1, Chorus One, P2P.org, Zero Knowledge Validator, and core contributors to Cosmos such as Informal System, Keplr, and Cosmostation. The approval rate reached 91.9%, making proposal 917 the most supported motion in the history of Cosmos governance.The second round of AEZ secondary funding has already begun, and developers can submit BUIDL through the global geek movement platform DoraHacks.io. Meanwhile, the community can make secondary donations to Cosmos public goods at any time.

ChainCatcher news, Metis tweeted that the community approved the second sorter node of Artemis in the latest governance proposal. The voting results will raise Artemis's deposit cap to 200,000 METIS and the total deposit cap to 300,000 METIS.

ChainCatcher news, according to The Block, the Injective governance proposal has approved the INJ 3.0 tokenomics system. According to the proposal, the minting attributes of INJ will be further reduced, and additionally, new parameters have been added to increase INJ's deflationary nature fourfold over the next two years.It is reported that INJ is the native token of Injective, which is a Layer 1 blockchain based on Cosmos, governed by the non-profit Injective Foundation.

ChainCatcher news, a new proposal has been posted on the dYdX community forum aimed at reducing the minimum deposit amount required for users to submit governance proposals from 10,000 DYDX to 2,000 DYDX, and extending the maximum deposit period from 2 days to 7 days.It is reported that the proposal was put forward by Chorus One, with the intention of encouraging community members with less funding to participate in on-chain governance activities and providing more time for community members to meet proposal requirements, thereby promoting the development and growth of dYdX. The current deposit amount is approximately $28,000, which may pose a significant burden on community members and limit their ability to participate in on-chain governance.Additionally, the proposal points out that increasing the deposit period will provide greater flexibility for community members who wish to propose on-chain. If the proposal does not encounter strong opposition, the community may conduct on-chain voting as early as February 12 (Monday).

ChainCatcher news, according to the relevant page on Snapshot, the decentralized options protocol Lyra has initiated a governance proposal to launch version V2, with voting ending on December 14. According to the proposal, the specific sequence for launching version V2 of Lyra includes the first step of launching a new Rollup network Lyra Chain built on the OP Stack.

ChainCatcher message, according to the community governance forum, the Avalanche Foundation has initiated a proposal to deploy the Aave protocol on Avalanche.After the community accepted this proposal, it presented an initial asset and configuration list for validating the deployment, including WAVAX, WETH, WBTC, AAVE, DAI, USDT, USDC.

ChainCatcher news, according to the Snapshot page, the dYdX community has voted to approve the proposal "Adoption of V4 and Migration of DYDX Token to dYdX Chain."This proposal was initiated by the crypto market maker Wintermute to the dYdX community. After the proposal is approved, the dYdX community will adopt the dYdX v4 open-source software as the next version of the dYdX protocol; and use DYDX as the L1 token of the dYdX chain.

ChainCatcher news, the blockchain security organization Chaos Labs has initiated two proposals on the Aave governance forum aimed at addressing the systemic liquidation risks posed by Curve founder Michael Egorov's large borrowing positions on Aave. One AIP proposal suggests disabling CRV lending on Ethereum and Polygon V3, while the other proposal recommends lowering the CRV liquidation threshold (LT) on Aave V2 Ethereum by 6%. Currently, both proposals have a support rate of 100%.