DeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote

One popular way to accomplish this feat is by giving token holders a voting say in the protocol’s operations through a DAO. Indeed, Parrot sold over $80 million of its PRT “governance token” to the public in late 2021. But Parrot never set up a DAO through which PRT owners could vote on anything. Instead, […]

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Solana DeFi Lender MarginFi Attracts Record Growth, Airdrop Farmers

One token that keeps hitting the max is bSOL, the LST issued by Solana validator service SolBlaze. The 5,000 bSOL tokens currently deposited on MarginFi represent nearly 7% of all bSOL tokens in existence; even more are waiting on the sidelines, said the pseudonymous founder of SolBlaze (who goes by SolBlaze). The founder is cutting […]

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A Closer Look at FTX’s Most Recent Bankruptcy Documents

A cursory look at just those two assets for FTX (which does not include FTX US) reveals something really beyond comprehension. The identified deficit between customer payables, which are customer balances, and total assets, which are assets the bankruptcy team has located plus the amount of customer balances owed to FTX, was $1.6 billion in […]

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Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals

Despite the massive drawdown, Multicoin’s hedge fund remains up 1,376% net of fees from its inception through 2022. As the broader crypto market rebounded from last year’s lows, Multicoin reported that the fund gained 100.9% in January 2023, bringing the fund’s inception-to-January return to 2,866%.

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Solana Network Stumbles, On-Chain Trading Slows After ‘Forking’ Incident

Without a definite bug to squash, some validators began downgrading to the previous version in hopes of reviving Solana’s throughput, said the pseudonymous SolBlaze, who runs a liquid staking pool and is active in developer circles. Later, Solana employees began advocating for the downgrade, too.

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