Astroport Ends Tokenholder Governance on Neutron and Terra
Astroport ended tokenholder governance on Neutron and Terra and moved protocol operation to DAO DAO organizations. The change also leaves vxASTRO holders on the normal unlock path and sends ASTRO emissions to zero. One piece links the governance change to a Neutron incident that handed control of 11 Astroport- and Drop-related contracts to an attacker.
What this rests on
What it means
Each sentence links inside to the piece that supports it.
Users and tokenholders on Neutron and Terra will notice that governance is no longer run through tokenholder voting and is now handled by contributors using DAO DAO organizations. vxASTRO holders still follow the normal unlock process, and ASTRO emissions are set to zero, so the day-to-day framework around the token has changed for them.
Before this change, tokenholder governance was the mechanism in place; now the protocol is being run through DAO DAO organizations instead. What stays the same is that vxASTRO holders still have the normal unlock process, even as ASTRO emissions move to zero. (per cryptobriefing.com)
Market reaction
We track ASTRO, but we only have 0 price points in that window. The series is stored every half hour, so newer events will have it. Computing it from two points would not be a reaction, it would be a coincidence.
How the story was built
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Crypto Briefing
context
Has this happened before?
Nothing comparable yet.