While many are focused on the US election, The Protocol newsletter has compiled an array of interesting content, including an ongoing election within the DeFi project MakerDAO. Community members are voting on the fate of the Sky brand, which received a lukewarm reception after the project's rebranding in August.
The poll, which is not binding, has seen limited participation so far. In other news, Ethereum Foundation researchers Dankrad Feist and Justin Drake have resigned from their advisory roles at EigenLayer due to potential conflicts of interest.
The researchers had accepted significant sums of EIGEN tokens in exchange for guiding the project. The World Liberty Financial crypto project, backed by Donald Trump and his sons, has struggled to meet its fundraising goal of $300 million, with sales only reaching $15 million. The project has now filed with the US Securities and Exchange Commission to terminate sales once the $30 million target is reached. Coinbase CEO Brian Armstrong's claim that listings on the US crypto exchange are free has sparked protests from project leaders, including Sonic Labs' Andre Cronje and Tron's Justin Sun.
Bitget, a rival crypto exchange, has opened a new listing application portal, emphasizing its transparent listing procedures and lack of fees. The Optimism Foundation's 'Superchain' appears to be leading the Ethereum layer-2 race, with several clients and firms deploying their own blockchains using Optimism's technology.
The foundation's strategy involves giving out large sums of OP tokens in the form of grants to reach critical mass. Memecoins have seen a surge in popularity, with their combined share of the altcoin market doubling to 11% amid a backlash against venture capital-backed projects using retail investors as exit liquidity.