Welcome to Mainnet Uprising: UniLend Tech Update Q3 2023⚙️
👷This new initiative will keep our community updated on behind-the-scenes development by our engineering team.
Read blog for more details ➡️ https://medium.com/@unilend/mainnet-uprising-unilend-tech-update-q3-2023-f55fd51019ff

🌟Major Highlights
💠Launching our Governance to the community. This is an essential step leading to true decentralization of UniLend Finance.
💠Development of a new age liquidation mechanism.
💠Revamping the UniLend UI to enhance user experience.
✅Throughout the previous quarter, our engineering team has focused on below major accomplishments:

🏛️UniLend Governance:
1. Launched our #governance framework.
2. Introducing UFTG: UFTG is the governance token that wraps native UFT tokens and will be required by users to participate in the governance.
3. Created detailed governance documentation, empowering users to discuss and vote on platform-related matters.

🏦Liquidation Mechanism:
1. Introduced a new concept of Concentrated Liquidations, where a liquidator can potentially liquidate multiple eligible loans within the same transaction.
2. Developed APIs for our Liquidation mechanism to onboard leading ecosystem liquidators to build on UniLend V2!
3. Developed a state-of-the-art liquidation bot that will help us maintain the stability of UniLend v2.
4. Decentralized exchange integrations with the Liquidation bot is in progress
5. Dedicated Liquidation UI to make Liquidation process more transparent and user-friendly is in progress

📲New UI:
1. The engineering team is developing a new-age UI to improve user experience based on user feedback on our testnet. 
2. UniLend V2 will now support #WalletConnect and #Coinbase wallet.

📺Stay tuned for more exciting products from UniLend!
🫶Thank you for being a part of our journey towards a decentralized future!
$UFT

Do you think the Arbitrum Foundation was right to disregard the AIP-1 community vote?

#Arbitrum #ARB #crypto2023 #decentralization #governance

Controversy sorrounds Arbitrum Foundation

#crypto2023 #decentralization

#Arbitrum Foundation's #ARB token sale before budget ratification sparks governance crisis and questions community #governance models, power dynamics, and decentralized governance structures.

Can Web2 Giants Help Decentralize Infura's Network? 👀

Web2 giants like #Microsoft , Tencent, and 16 others are collaborating with Consensys to decentralize Infura's network, a crucial Ethereum access point for DeFi.

This effort aims to prevent outages and enhance censorship resistance. The Decentralized #Infura Network (DIN) addresses centralization issues by allowing failover support and engaging various Web3 infrastructure providers.

By broadening partnerships, DIN promises more reliable blockchain access, steering towards decentralized #governance in the future.

#Binance
#crypto2023

I have been looking for a best governance platforms i only knows about snapshot

Please suggest more thank in advance

#voting #governance #dao

#Decentralization extends beyond #finance and information, reaching the realm of governance. Blockchain-based platforms enable decentralized decision-making, allowing individuals to participate directly in decision-making processes. Smart contracts and decentralized autonomous organizations (DAOs) enable voting, funding, and #transparent #governance structures, empowering individuals to have a say in shaping the future of organizations and communities.

#feedfeverchallenge

Want to take part in our upcoming #Airdrop🪂 but unsure where to start? Fret Not!😎

📲Dive into our comprehensive guides for seamless participation in #governance voting, airdrop, staking & rewards!

🏦Staking Guide: https://bit.ly/3vokHye

🗳️Snapshot Voting Guide: https://bit.ly/3LiViuC

✨ Don't miss your chance to shape #DEFI 's future! Join us now! 

$UFT

COMPOUND DRAMA ENDS WITH A POSITIVE OUTCOME FOR THE PROTOCOL

After the recent attack on compound #governance the attacker known as Humpy, a DeFi whale has came to agreement with the #compound $COMP to cancel the approved proposal on the condition that the protocol starts sharing 30% of it's profit to the $COMP stakers, a recent post on the compound community forum from one of it's team members stated the following:

At the request of Humpy following discussions with Alpha Growth and other Compound delegates, we propose the following staking product that addresses the stated interests of Humpy as a new, recent delegate and COMP holder in return for canceling Proposal 289 due to the governance risks it poses to the protocol.

Staked Compound Product
Fees are accrued from the dynamics of providing liquidity and borrowing, with most going to liquidity suppliers and the remainder generating reserves for Compound which is deposited into market reserves. We propose that 30% of the current market reserves and Net New market reserves generated per year will be streamed to staked COMP holders in proportion to the number of staked COMP they hold.
These Staking Rewards will be distributed with the same cadence as the COMP token rewards that currently boost markets on Compound per Gauntlet’s incentive recommendations.

The protocol token $COMP reacted very positively to the news jumping 6%

It's never a single boring day in crypto xD

If you enjoyed reading my content please don't forget to like & follow!

#DeFi #MoneyMarket #DAO