The Avalanche Foundation has received court approval to buy back approximately $52 million worth of AVAX tokens from the defunct Luna Foundation Guard, formally ending its relationship with Project Terra. The AVAX tokens will be used to support the growth of the Avalanche ecosystem, including project funding and community development. The collapse of the Luna Foundation, which was founded by Do Kwon to support the TerraUSD stablecoin, triggered a ripple effect in the market.
Cosmos Hub has officially announced that Proposal 955 has been approved, and existing PoL (Proof of Liquidity) exports will be rerouted to the Hydro platform. It is reported that through this process, participants can directly access liquidity from Cosmos Hub.
The Central Reserve Bank of Peru has awarded its first retail central bank digital currency (CBDC) trial development contract. The winning bidder is telecoms company Viettel Peru. At present, the company has not released further details.
According to official news, Blast announced that BLIP 2 has been approved, and the Blast Foundation will provide 2x credits to all BLAST holders. BLAST holders will also receive 2x credits retroactively based on their balance since the Token Generation Event (TGE). This change will take effect soon.
According to the Compound governance page, Proposition 260 has been approved by the community and is expected to be implemented within three days. Proposal shows that Gauntlet proposes a risk parameter update to the Optimism v3 USDC comet.