Astroport, a Cosmos-based decentralized exchange, disabled tokenholder governance on Neutron and Terra after a $20,000 governance attack gave an attacker administrative control over contracts securing $4.9 million in liquidity. The protocol will now be run by contributors through DAO DAO organizations with public proposals and an emergency multisig wallet for safety. ASTRO token emissions will stop, and about 362 million tokens will be burned to reduce supply. Astroport plans to shift from token emissions to fee-based rewards via a new yASTRO staking contract on Terra, aiming to share fees with stakers and boost engagement. This overhaul removes direct tokenholder voting but aims to increase security and create value through scarcity and fees.
Astroport's governance changes come amid a broad downturn in major cryptocurrencies on Pluang. Of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include UNI at Rp129.623 with a 1-day change of -7.08%, LINK at Rp222.412 down 6.97%, and ONE at Rp37 down 6.36%. This data is as of Oct 08, 2026 22:21 WIB.
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