Amos
520 posts

Amos
@MetaWeb_Amos
Serial entrepreneur turned VC @ https://t.co/t1WTXyzSAe Crypto trader (ranked top 3 on Binance at one point) and degen. DYOR. NOT FINANCIAL ADVICE






Total generated fees of NEAR Intents is $5.4M as of today. A thread on this topic.




Wow. @NEARProtocol intents starting to put up some serious fee numbers.


NEAR Governance Proposal 🚨 We would like to publicly share our concerns regarding a serious governance issue currently happening on the @NEARProtocol blockchain.


Here is the results of the mentioned on-chain voting: vote.linearprotocol.org/details It was incredible to see participation of 89 validators and 48.45% of total stake in the voting process, that required to issue a custom on-chain transaction from the pool owners account. The overwhelming majority of 91.76% of stake-weighted validators voted YES for reducing the inflation. Some people argue that not-voting was implicit NO, but that's a bit flawed, since some validators (exchanges, institutions, staking providers) have to stay neutral and abstain. The problem is there were no ABSTAIN vote in the on-chain contract, so they couldn't have express their opinion this way. The voting has ended without reaching the consensus threshold. Currently, the protocol upgrade to 2.9.0 introduced the inflation reduction. Validators have to decide by either upgrading or not, which is a bit problematic, because there is no abstain option again. As a NEAR stake holder who supports the inflation reduction, make sure to move your stake to a staking pool that voted FOR reducing inflation. If you are AGAINST the inflation reduction, move your stake to the pool that voted NO for reducing inflation. The protocol upgrade voting is scheduled to start on October, 28 and will last for 3 weeks. So there is plenty of time to decide.

NEAR Governance Proposal 🚨 We would like to publicly share our concerns regarding a serious governance issue currently happening on the @NEARProtocol blockchain.



NEAR Intents is now the sixth biggest interoperability protocol in crypto












