Uniswap founder Hayden Adams highlights SEC Commissioner Hester Peirce's comment letter supporting autonomous decentralized systems, noting it creates a pathway for compliant trading in permissioned Uniswap v4 pools in the US |source: Twitter
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SEC regulatory proposal marks ‘important’ step forward from ‘inapt’ crypto rules: Commissioner Peirce
“Crypto mom” Hester Peirce praised the SEC’s proposed crypto regime, published days after the Senate failed to pass the CLARITY Act, the US’ first comprehensive industry framework.
Uniswap initiates v4 protocol fee activation temperature check, introducing a tiered fee controller system.
According to official sources, Uniswap Labs has released a temperature check proposal to enable protocol fees in v4 pools. This proposal follows the fast-track governance process previously approved by UNIFication, directly entering a five-day snapshot vote followed by on-chain voting. Because the v4 Hook architecture makes fee setting more complex than v2/v3, the proposal designs a V4 Fee Controller system containing two core contracts: V4FeePolicy calculates fees for any pool based on governance rules, and V4FeeAdapter is responsible for executing governance coverage and collecting fees to the TokenJar. Fees are calculated hierarchically based on the pool's family: first, the fee rate for a specific trading pair set by governance is checked; second, the default fee rate for that family is checked; and finally, the global default fee rate is checked. This proposal aims to activate fees for three types of pool families across 11 chains, including Ethereum, Arbitrum, Base, and BNB Chain: static fee rate pools without Hooks, CCA pools after continuous liquidation auctions, and aggregator Hook pools. The fee rate for the aggregator Hook pool, after a 25x multiplier adjustment, is 10 bp for non-Base chains (3 bp for stablecoin pairs) and 3 bp for Base chains (1 bp for stablecoin pairs). All fees will flow into the TokenJar of each chain. The UNI burning amount on L2 and Alt-L1 will be bridged across chains to the Ethereum mainnet and sent to the 0xdead address. The Snapshot voting window is from July 7th to 12th, and on-chain voting will begin the week of July 13th. Because GovernorBravo limits each proposal to 10 operations, on-chain voting will be submitted in parallel on two chains to cover all chains.
Specter reveals clues about a BONK DAO governance attack, suggesting that the financial flows of Realms' founder may be linked to the attackers.
According to Mars Finance, on-chain security firm Specter released preliminary findings of its investigation into the BONK DAO governance attack. Tracing the on-chain fund flow revealed significant suspicious activity: financial transactions were found between Realms founders' and Crypto Notte-related addresses and the wallet of the suspected attacker. The analysis indicates that the attacker released a malicious governance proposal on June 30th, with a pass threshold of 1% of the total circulating supply of BONK. From July 4th to 5th, the attacker used approximately $4 million in cryptocurrency purchases on exchanges and MarginFi lending to acquire sufficient voting power to push the proposal through and complete the governance attack.
The founder of Lighter has become a member of the CFTC Innovation Advisory Committee.
Odaily Odaily Odaily that Lighter founder and CEO Vladimir Novakovski posted on X: "On the occasion of the 250th anniversary of the founding of the United States, I am proud to have been able to build Lighter here from the very beginning. This year, I also began to do my part by serving as a member of the Innovation Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC)." Odaily Note: The Innovation Advisory Committee was established to advise the CFTC on complex issues at the intersection of technology, law, policy, and finance.
The Fabric Foundation has launched the ROBO governance system and established a Foundation Security Committee.
According to Foresight News , the Fabric Foundation announced that the ROBO governance system has been officially launched. The team has opened a dedicated governance space on the Snapshot platform and established a Foundation Security Committee to oversee overall management, thus initiating co-governance with the community. ROBO holders can vote free of charge on Snapshot, with voting weight calculated based on token holdings. All proposals, votes, and decisions are publicly recorded. Proposals undergo preliminary evaluation, community discussion, a five-day snapshot voting period, council review, and final decision announcement. The council is also responsible for preventing risks such as bribery and Sybil attacks. Founding members of the Foundation's Security Committee include Jerry Huang, founder of Silicon Valley Center of Robotics; Shivani Phull, director of HashPoint Advisory; and Clara Cheng, business head of Thrive Horizon Ltd. The first proposal is a preliminary evaluation of the first phase of the ROBO governance system, which the community can view and vote on in the official Snapshot space.
SEC grants temporary exemption for tokenized US stock trading
The SEC’s Innovation Exemption allows limited tokenized US stock trading on onchain venues with trading caps and transparency requirements.