Several notable project updates landed this week. KelpDAO released its rsETH recovery implementation plan, outlining steps to address outstanding issues for liquid restaking participants. PumpFun followed through on a token burn, incinerating repurchased PUMP supply — a deflationary move aimed at tightening circulating tokens.
Ondo Finance introduced a proxy voting feature for its tokenized stock products, letting holders participate in shareholder votes directly on-chain — a meaningful step toward making tokenized equities functionally equivalent to their traditional counterparts. Meanwhile, World Liberty Financial sold an additional 5.9 billion tokens, continuing its ongoing distribution.
Frequently asked questions
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What specific steps are included in the rsETH recovery implementation plan?
The body does not detail the specific steps of the rsETH recovery implementation plan released by KelpDAO.
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How does the PumpFun token burn affect the overall supply of PUMP tokens?
The token burn by PumpFun incinerated repurchased PUMP supply, which is a deflationary move aimed at tightening the circulating supply of tokens.
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