The European Central Bank published a working paper on March 26, finding that governance in four major DeFi protocols was heavily concentrated.The staff paper looks at Aave, MakerDAO, Ampleforth and Uniswap, and finds that while governance tokens are held across tens of thousands of addresses, the top 100 holders control more than 80% of the supply in each protocol.Based on holdings snapshots from November 2022 and May 2023, the authors found that a large share of governance tokens could be linked either to the protocols themselves or to centralized and decentralized exchanges, with Binance the largest identified centralized exchange holder…

The team behind the P2P.me decentralized trading platform disclosed that it opened positions on the Polymarket prediction market related to its recent capital raise.The team opened the positions 10 days before the raise went live, wagering whether the project would hit its $6 million fundraising target, according to a disclosure published on the X social media platform.At the time the positions were opened, P2P.me had only one “oral commitment” from venture firm Multicoin Capital for $3 million in funding, “no signed term sheets” and “no guaranteed allocations,” the team said. The Polymarket account for the P2P.me team shows an all-time profit…

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