Philippine Senator Bam Aquino said at the Manila Tech Summit that he plans to file a bill in the next couple of weeks, local media reported.Philippine Senator Bam Aquino said at the Manila Tech Summit that he plans to file a bill in the next couple of weeks, local media reported.
Philippine senator eyes proposal to place government budget on blockchain: reports
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Philippine Senator Bam Aquino said at the Manila Tech Summit that he plans to file a bill in the next couple of weeks, local media reported.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO
The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
Share
BitcoinEthereumNews2025/09/18 02:28
Pi Network Community Leadership Program Opens Doors for New GCV Ambassadors
The Pi Network community is entering another stage of organizational development as new opportunities emerge for p
Share
Hokanews2026/03/15 22:16
U.S. Congressman Tells Senate to Pass House Crypto Bill or Step Aside – Inside the Clarity Act Standoff
Key Takeaways: Rep. French Hill is pushing the Senate to adopt the House-passed Clarity Act to break the stablecoin deadlock […] The post U.S. Congressman Tells
Share
Coindoo2026/03/15 22:15