🗳️ DAO Votes on ETHx Yield Backend After April Freeze
🗳️ DAO Votes on ETHx Yield Backend After April Freeze
🗳️ ETHx Freeze Aftermath Vote
Following the April rsETH incident that temporarily froze ETHx on Base and Arbitrum, the Security Council is now seeking DAO approval for the yield backend design.
Key Developments:
- SIP #15 and SIP #16 are now live on Snapshot for community voting
- The proposals address the technical architecture following the freeze incident
- This follows an earlier vote on releasing frozen ETH from Arbitrum Security Council to DeFi United
Background:
The April incident led to temporary freezing of ETHx operations on Base and Arbitrum networks. A previous proposal sought to release frozen funds to support efforts in restoring rsETH's backing and normalizing market conditions.
The community can now vote on the proposed yield backend design through the active Snapshot proposals.
After the April rsETH incident temporarily froze ETHx on Base and Arbitrum, the Security Council is putting the yield backend design to a DAO vote. SIP #15 and SIP #16 are live on Snapshot ⤵️
Superfluid Proposes Yield Backend Extensions for ETHx and USDCx Tokens
Superfluid has put forward two governance proposals to extend yield generation capabilities for wrapped tokens. **Key Proposals:** - [SIP #15](https://snapshot.box/#/s:superfluid.eth/proposal/0x2efb98713698cef551439f82a1004c97048bf90b4175e74fe97d3137fec4f9a1) focuses on continuing the ETHx yield backend - [SIP #16](https://snapshot.box/#/s:superfluid.eth/proposal/0x73efd682fc43bcbca08c690b2aba11900f0aefc5ed498046d7262f3b696732cc) addresses USDCx yield backend continuation Both proposals are currently live on Snapshot for community voting. The initiatives aim to maintain yield-generating infrastructure for these wrapped assets within the Superfluid ecosystem.
Superfluid DAO Votes on ETHx and USDCx Yield Backend Future
The Superfluid DAO is voting on whether to continue the current yield backend for ETHx and USDCx tokens. **Key Details:** - Vote deadline: 10 days remaining - Decision follows April rsETH incident that temporarily froze ETHx on Base and Arbitrum - Security Council initiated the vote after the DeFi incident - Two proposals live on Snapshot: SIP #15 and SIP #16 **What's at Stake:** The community must decide YES or NO on maintaining the existing yield backend design for these wrapped tokens. [Read full discussion on forum](https://forum.superfluid.org/t/security-council-rseth-defi-incident-and-ethx-going-forward/1669)
🗳️ Season 6 Campaign Selection Vote Now Open
The Season 6 campaign selection vote is now live for established projects. Community members can vote on: - Which projects receive campaign slots this season - How much SUP token allocation each project gets - 10 projects are competing for funding This follows the Season 5 voting process that determined campaign funding and development priorities. The vote gives the community direct control over which initiatives move forward and their resource allocation.
Open-Source Bridge Brings Agent Reputation Scores On-Chain
A new open-source bridge now connects offchain agent reputation data with smart contracts using CCIP. **How it works:** - Offchain analysis evaluates agent performance metrics (quality, reliability, uptime, user satisfaction) - Scores are verified and published on-chain via CCIP - Any smart contract can query an agent's reputation before interacting **Key features:** - Free to use - Open to everyone - Solves the problem of smart contracts having no visibility into agent reputation The code is now [open-sourced](https://github.com) for developers to integrate.