Zunami Protocol Implements On-Chain DAO Governance
Zunami Protocol Implements On-Chain DAO Governance
🎯 Zunami Goes Full DAO
Zunami Protocol announces a significant upgrade to its governance structure by implementing on-chain DAO governance using OpenZeppelin Governor framework. This transition gives $vlZUN token holders direct control over protocol decisions.
The move follows Zunami's successful expansion to Base Layer 2 network in October 2023, where users can stake zunUSD tokens.
Key Updates:
- Full transition to on-chain governance
- $vlZUN holders receive voting rights
- Implementation via OpenZeppelin Governor
- Decentralized control of protocol parameters
💫Zunami Protocol is transitioning to on-chain #DAO governance! 1/ @ZunamiProtocol is shifting to on-chain governance with @OpenZeppelin Governor, granting $vlZUN holders full control over the protocol's governance. 🏛️ 🧵👇
Zunami Protocol Hack: Collateral Assets Stolen
The Zunami protocol has reported a security breach affecting its stablecoin operations. The hack resulted in the theft of collateral assets backing both zunUSD and zunETH tokens. - Protocol team currently investigating the incident - All collateral assets for both tokens compromised - Exact loss amount still being determined This incident follows a series of DeFi protocol breaches, including the recent UwU Lend protocol hack that resulted in combined losses of $23.7M across two separate attacks. *Users are advised to monitor official Zunami channels for updates.*
Zunami Protocol Launches ZUN Token Rewards for zunBTC Staking
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Zunami Protocol Launches zunBTC for Enhanced Bitcoin DeFi Yields
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