Odaily reports that Nick Johnson, founder of the Ethereum Name Service protocol ENS, has submitted an executable draft proposal requesting that the decentralized autonomous organization (DAO) approve the activation of ENSv2 on the Ethereum mainnet. Once the upgrade is approved, the original ENS registrar will pause new domain registrations, while existing domain holders will still be able to renew.ENSv2 will introduce a more flexible domain management and permissions architecture. After domain record synchronization is complete, new .eth registrations will migrate to the upgraded system, and new registrations on both systems may be paused for several hours during the transition; existing holders will not need to migrate, and their domains will remain fully functional. ENS Labs plans to transfer the remaining administrative permissions of the upgraded contracts to the DAO.The proposal is currently still in draft stage and needs to enter the on-chain DAO voting process. According to governance rules, an executable proposal must secure at least 1 million ENS tokens participating and a majority of support within a 7-day voting period. After approval, it must also undergo a timelock of at least two days. The voting date has not yet been announced. (Cointelegraph)

Odaily reports that the Polkadot community recently submitted a proposal on the SubSquare platform titled "DOT DAO Strategy Mandate," advocating for a shift in the DAO's strategic focus from ecosystem expansion and total value locked (TVL) growth to end-user acquisition and real-world use cases, and planning to build a user-facing Polkadot Product Platform.Another core component of the proposal is the launch of a permissionless DOT-collateralized stable asset called dotStables, with priority support for dotUSD. The asset adopts a collateralization model similar to Liquity, aiming to ultimately convert stablecoin demand into demand for DOT. In terms of platform design, it will be compatible with existing parachain infrastructure and emphasize a freemium model, mobile-first approach, self-custody, privacy protection, and login-free user experience. Currently, the proposal is still in the governance preparation stage.

Odaily reports that on October 9, TRON DeFi Summer S3 is ongoing, and JST, as the governance token of JUST and JustLend DAO, is opening a new on-chain yield window for holders. Users can access JustLend DAO through Binance Wallet DeFi to participate in the $300,000 JST Boost reward pool. Depositing 1000+ JST is all it takes to join the S3 campaign and enjoy Boost incentives. Holding JST not only allows participation in protocol governance and community voting, but also enables stacking additional yields in S3, unlocking dual value from the governance token. Real-time APR fluctuates with market conditions and is subject to the rates displayed on the campaign page.

Odaily report: AllianceDAO co-founder QwQiao posted that almost no one can currently break modern cryptography, and only a very small number of laboratories may possess the relevant capability. Even if these institutions had such technology, they would be unlikely to expose this strategic-level capability just to steal relatively low-value crypto assets. He believes that ordinary crypto asset holders do not need to panic excessively about this.

Odaily reports that oracle network Pyth Network has released its Q3 business report, stating that as of the end of September, its active annual recurring revenue (ARR) reached $11.49 million, up 86.5% from the previous quarter, with net new ARR of $5.33 million in Q3.On the exchange side, the trading volume of real-world asset (RWA) perpetual contract markets powered by Pyth data reached $2.09 trillion in Q3, accounting for 94.1% of the total volume in related markets. In prediction markets, Pyth has provided data support for platforms such as Kalshi and Polymarket. Among them, Kalshi listed Pyth as the data source provider for its gold and silver perpetual contract markets in relevant regulatory filings. In the AI sector, Pyth is testing financial data infrastructure for AI agents with Exa, providing real-time prices, historical data, and candlestick data to enable AI systems to incorporate market information into analysis and decision-making.Additionally, Pyth DAO approved the "100% Rule," under which all future revenue the DAO receives from Pyth products will be used for open market buybacks of PYTH tokens. Compared to the previous practice of using only one-third of non-PYTH asset balances for buybacks, the allocation ratio has been increased threefold.

Odaily — Polkadot has officially announced that the stablecoin dotUSD has officially launched on the Polkadot network. The stablecoin has no single issuing company or controlling entity; instead, it is managed by the DOT DAO through the OpenGov on-chain governance mechanism. Polkadot stated that dotUSD aims to become a native stablecoin governed by the network itself, thereby reducing reliance on centralized issuing institutions.

Odaily News: Lido is developing a decentralized lending market called Lido Lend, which is built on a modified fork of Morpho Blue, adopts an isolated lending market design, is proposed to be governed by Lido DAO, and is pending a governance vote for approval. Lido Lend is limited to blue-chip assets, encourages price-correlated trading pairs such as stETH/ETH, and provides a deposit screening mechanism to guard against bad collateral. Lido stated that Lido Lend is not a general-purpose pool-based lending solution but is aimed at professional borrowers and risk-averse lenders; currently, stETH staking scale exceeds $25 billion, with no major security incidents since launch.

Odaily News: Analysis by security firm CertiK shows that a legacy MakerDAO auction keeper contract was exploited, with the attacker draining 200 ETH worth over $500,000. According to CertiK, the root cause is a lack of access control in the 0x8804d1de function within the keeper implementation contract. This contract was involved in the March 2020 "Black Thursday" liquidation crisis, where it won ETH at zero bids. Four lots of 50 ETH each were never settled, and the attacker used this to drain the funds, transferring them out via Tornado Cash in batches of 10 ETH each. This contract is not part of the current Sky ecosystem core, but old contracts still holding funds may remain potential attack targets.

Odaily News: Decentralized finance (DeFi) protocol Sky Protocol has been granted a B3 long-term counterparty risk rating by credit rating agency Moody's, with a stable outlook; this is the first time Moody's has rated a stablecoin protocol.As of September, Sky Protocol held approximately $90 million in tangible common equity, corresponding to about $10 billion in tangible managed assets. Moody's described its capital position as a "significant credit weakness." Sky Protocol, formerly known as MakerDAO, is responsible for managing the dollar-pegged USDS and DAI.Moody's noted that approximately 45% to 50% of Sky Protocol's assets consist of stablecoins and tokenized money market funds, with another approximately 25% in crypto-collateralized loans. Its rating is also constrained by low capital adequacy, confidence-sensitive stablecoin liabilities, and risks related to its DAO structure.If the capital ratio rises to and remains above 2.5%, and profitability, liquidity, and asset risk remain stable, Sky Protocol's rating may be upgraded; if the capital ratio falls below 0.5%, it reports consecutive quarterly losses, or liquidity weakens, the rating may be downgraded. (Bitcoin.com News)

Odaily News: On October 7, TRON DeFi Summer S3 is ongoing, offering more on-chain yield options for stable asset holders. As a stablecoin in the TRON ecosystem, USDD users can access JustLend DAO through Binance Wallet DeFi to participate in the $600,000 USDD Boost reward pool. Holding just 100 USDD is enough to participate in the S3 campaign, earning base annualized yield while stacking Boost incentives, unlocking more use cases for stable assets. Users can swap USDT to USDD at a 1:1 ratio with zero slippage via PSM, and the deposited USDD can continue to serve as qualifying collateral, balancing yield and capital flexibility. Real-time APR may vary with market conditions; please refer to the campaign page for the latest rates.