📈Tether Reports Record Surplus
DeFi Alpha
GM Defiers!
We have a drama-heavy newsletter for you today. Longstanding DAO tooling project Aragon has decided to repurpose its treasury into a grants program after tokenholders voted to take control. Meanwhile, the CEO of a prominent NFT lending protocol is accused of pilfering over $1.5M. Finally, Tether has released its Q1 attestation report, which includes over $2B in excess reserves.
✍️ In today’s newsletter:
- USDT issuer reports great first quarter
- Aragon clashes with tokenholders over control of $177M treasury
- ParaSpace CEO accused of embezzlement, leaving protocol with unrecoverable bad debt
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🎬 WATCH
Watch our video on BRC-20 tokens, the latest Bitcoin craze. And check out our podcast with Nader Dabit, director of developer relations at Aave/Lens.
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