DAOs
SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023
Over 80% of SushiSwap's $5.2 million budget was allocated to salaries, with its top contributors earning up to $500,000 annually.
Christian Nwobodo 2 min read
DEX News
The latest in decentralized exchange innovation, liquidity trends, and on-chain trading data.
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Analysis
Selecting a derivatives DEX: An overview & comparison
For the purposes of this article, we'll be looking broadly at these three measures: security and privacy, transaction and cost efficiency and lastly, token ecosystems and reward-generating offerings.
DEX
SushiSwap’s Jared Grey proposes to allocate 100% of xSUSHI revenue to Treasury
To extend Sushi's runway beyond the next 1.5 years, Grey proposed that 100% of Sushi's revenue should be allocated to the Treasury for the next 12 months.
Latest DEX News & Analysis
Regulation
JP Morgan believes regulation will lead to convergence of crypto, TradFi
JP Morgan said regulation is coming to crypto following the FTX collapse and highlighted the importance of self-custody, asset security, and customer protection.
Exchanges
Vitalik Buterin, Coinbase, Kraken, Binance promote trustless CEXs
Amid waning user trust in exchanges in the wake of the FTX collapse, Buterin discusses how CEXs can cryptographically prove solvency.
Bankruptcy
Crypto asset management firm Ikigai ‘caught up in the FTX collapse’
The firm will continue to trade assets that are not trapped on FTX, despite uncertainty regarding the "timeline and potential recovery for FTX customers."
DEX
DEX trading volumes spike as users leave CEXs en masse
The market crisis caused by the FTX fallout put the security of user funds into question and could have pushed retail traders away from centralized exchanges.
Bear Market
KuCoin CEO addresses rumours surrounding FTX, FTT exposure
Johnny Lyu, KuCoin's CEO, attests to the transparency of the exchange, discloses KuCoin holdings, and denies FTX, FTT exposure
DEX
BNB surges 20% in 2 hours after news of Binance’s planned acquisition of FTX, but plummeted later
Based on the current FTX situation, the Binance CEO also predicted that FTX's FTT would be extremely volatile in the near future.
More DEX News Headlines
DAOs
Sushi DAO approves proposal to evolve into 3 legal entities
Adoption
Financial web3 project userbases decline; blockchain gaming has 5x user retention versus web2
Adoption
USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens
Hacks