The vote outcome highlights growing concerns among token holders regarding how strategic decisions are introduced and executed in decentralized organizations.

Snapshot Vote Delivers a Clear Outcome

The Snapshot governance vote concluded on December 26 and revealed strong opposition to the proposal. According to the results, 55.29% of participating voters voted against the initiative. Meanwhile, 41.21% chose to abstain, and only 3.5% voted in favor.

This distribution signals more than simple disagreement. It suggests that a significant portion of the community either questioned the proposal’s intent, timing, or structure, or felt that critical issues remained unresolved before such a decision could be made.

What Was the Proposal About?

The rejected proposal sought to transfer control of Aave’s brand-related assets—including domain names, social media accounts, naming rights, and other intellectual property—into a new structure governed directly by the DAO. Supporters argued that this move would strengthen decentralization and reduce ambiguity surrounding brand ownership and management.

However, critics were unconvinced that the proposed framework adequately addressed long-term governance alignment or value distribution among stakeholders.

Governance Process Under Scrutiny

Beyond the proposal itself, the governance process became a focal point of criticism. Several community members argued that the proposal was pushed to a Snapshot vote too quickly, while discussions were still ongoing. This, they claimed, limited meaningful participation and weakened the legitimacy of the decision-making process.

The situation underscores a broader challenge faced by DAOs: balancing efficiency with inclusivity, particularly when decisions involve strategic assets.

Institutional Voices Weigh In

Wintermute founder and CEO Evgeny Gaevoy publicly confirmed that his firm voted against the proposal. He emphasized the need for deeper dialogue with Aave Labs around long-term alignment and value capture, noting that these questions extend beyond Aave and affect the wider crypto ecosystem.

Structural Concerns Raised

Lido advisor Hasu framed the debate as a symptom of a deeper structural issue. According to him, governance models that combine tokens with separate equity-like structures often suffer from misaligned incentives. He suggested that, over the long term, ecosystems like Aave may need to converge on a more unified and transparent governance framework.

Overall, the rejected vote reflects more than a single governance decision—it highlights the evolving challenges of decentralization, power distribution, and sustainable value creation in DeFi.

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The post Aave Governance Proposal Rejected After Community Backlash appeared first on Coin Engineer.

The project’s name derives from the Ancient Greek words “Demos” (people) and “Kratos” (power, authority), representing the concept of democracy. CRATOS (CRTS) is an innovative Vote-to-Earn project that supports democratic participation through blockchain technology. Its goal is to replace current polling systems with a fairer and more transparent model. 

Investors and Partnerships 

• Media Partnerships: Newsis, PAXNet News, GreenEd News, and CoinNess (as of 2022). 
• These media outlets utilize CRATOS platform data for public polls. 

Project Idea 

• Challenges small sample sizes and biased questions in traditional surveys. 
• Reflects public opinion directly and in real-time. 
• Brings together communities with different views to create a more neutral discussion environment. 

How It Works 

• Mobile App: Launched in Korea in December 2020, global version released in December 2021, available on Android and iOS. 
• Participation: Users can create polls, vote, and comment. 
• Reward Mechanism: Participants earn CRTS tokens. 
• Blockchain Integration: Voting results are recorded on-chain for reliability. 

App Features 

1. User Voting: Each user can create one poll per day; results are shown demographically (age, gender). 
2. Admin Voting: Neutral polls on trending topics; stats revealed after voting ends. 
3. Discussion Board: Forum for open discussion on specific topics. 

Governance 

• CRATOS plans to adopt a DAO model in the future. 
• Token holders will be able to submit proposals and vote on project decisions. 
• Voting power will be proportional to the number of CRTS tokens held. 

Roadmap (Vision) 

• Become the most used public voting app within 2 years. 
• Become a major data provider replacing traditional polling agencies. 
• CRATOS v3.0: Develop a large-scale e-voting system with KYC-verified identities. 

Token Information 

• Token Name: Cratos (CRTS) 
• Total Supply: 100B CRTS 
• Maximum Supply: 100B CRTS 
• Circulating Supply: 49.29B CRTS 

Token Use Cases 

• Payment Method: Media companies can use CRTS for public opinion research. 
• In-App Use: Entertainment features, poll creation, and voting. 
• Ecosystem: Can be used in future DApps as a payment method. 

Ecosystem 

• Vote-to-Earn Model: Users earn CRTS for participation. 
• Media & Research: Voting data can be used for public research, advertising, and big data sales. 
• Future Plan: Integration with national electronic voting systems. 

Key Features 

• DID (Decentralized Identity): Critical for future e-voting. 
• Participation Rewards: Incentivizes active users. 
• Efficient Voting: Accurate results with hundreds of thousands of participants. 
• Community Management: Brings together users with different views; forums filter hate speech. 

CRTS Token 

CRTS is the native cryptocurrency of the CRATOS platform and the core of its Vote-to-Earn model. Users earn CRTS by participating in polls, creating surveys, and commenting. 

CRTS Use Cases: 

• Rewards & Incentives: Keeps community engaged. 
• Payment Tool: Media partners and other organizations can access data and services using CRTS. 
• Governance (DAO): Token holders will have voting rights proportional to their holdings in future DAO governance. 
• In-App Use: Used for special features and entertainment within the platform. 

CRATOS Token Distribution 

• Reward Pool: 36% 
• Ecosystem: 20% 
• Foundation: 16% (locked until Jan 2025) 
• Development: 15% (locked until Jan 2023) 
• Marketing: 13% 

Official Links 

• Website
• Twitter
• Telegram

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is CRATOS (CRTS)? Vote-to-Earn Voting System appeared first on Coin Engineer.

The Astar Foundation shared a community proposal on June 4th to burn 350 million ASTR, worth approximately $31 million. Following this announcement, the price of ASTR rose by around 8%.

The details of the statement made by the Foundation stated that the voting on the proposal will take place after a 3-week community discussion. The community has already welcomed this proposal positively with the increase:

Astar Network proposes burning 350 million ASTR worth $31 million. The Astar Foundation is considering a significant initiative to burn the parachain auction reserve. Voting on the proposal will take place after a three-week community discussion. Burning the reserve could benefit ASTR holders by reducing the total staked supply, thus increasing the rewards for stakers.

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