# Сопутствующие статьи по теме Governance

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Governance", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Who Controls Computing Power, Implicitly Controls the Future of AI: Anastasia, Co-founder of Gonka Protocol

Who Controls Compute, Controls AI's Future: Gonka Protocol Co-Founder Anastasia The centralization of compute power, not just AI models, is the critical power node in AI's future, argues Anastasia Matveeva, co-founder of Gonka Protocol. While public debate focuses on models, true power lies in the underlying infrastructure—access to GPUs, power, and data center capacity. This centralization creates structural barriers to innovation, enforces a rent-extraction model, and introduces systemic fragility. Gonka is a permissionless global network designed to decentralize AI compute. It enables anyone to contribute or access GPU resources via a programmatic, open API. Key to its efficiency is an architecture that minimizes overhead, ensuring most compute is used for actual AI workloads (primarily inference) rather than network maintenance. Rewards and governance are tied to verified compute contribution, not capital stake. The protocol addresses scalability and accessibility by allowing participants of all sizes to join without permission, with influence proportional to their compute power. It supports the emerging AI agent economy with transparent, dynamic pricing and reliable, verifiable computation. While currently not optimized for strict data sovereignty, its decentralized design avoids data accumulation, and its governance allows for future evolution to meet regulatory demands. The urgency for such decentralized solutions is high to prevent a calcified AI future dominated by a few infrastructure gatekeepers.

marsbit03/03 07:58

Who Controls Computing Power, Implicitly Controls the Future of AI: Anastasia, Co-founder of Gonka Protocol

marsbit03/03 07:58

Aave's Internal Conflict Escalates, Morpho Quietly Doubles: Is the Lending Throne About to Change Hands?

The article discusses the escalating internal conflicts within Aave and the rising prominence of Morpho in the decentralized lending space. Aave, the current market leader, is facing significant governance disputes, including a controversial $51 million funding proposal and accusations of financial mismanagement, leading to internal friction and potential delays in decision-making. In contrast, Morpho has transitioned to Morpho Blue, a modular, permissionless lending protocol that allows isolated markets with risk parameters set by independent curators rather than global DAO votes. This design reduces governance friction and enables faster adjustments. Morpho has demonstrated strong growth, with TVL surpassing $9.5 billion, active loans exceeding $3.5 billion, and quarterly revenue around $50 million. User growth has also been robust, expanding from 30,000 to 400,000 active addresses. A significant catalyst for Morpho is the involvement of Apollo Global Management, which plans to acquire 90 million MORPHO tokens (9% of supply) over 48 months, valued at approximately $162 million. This partnership may signal Apollo’s strategic move to leverage Morpho’s infrastructure for enhancing yields on its tokenized real-world assets (RWA), addressing liquidity challenges in the RWA market. While Aave’s governance issues may hinder its progress, Morpho’s innovative structure and institutional backing position it as a potential challenger for the lending throne. However, risks remain, including a major token unlock in March that could impact short-term liquidity.

marsbit03/01 03:36

Aave's Internal Conflict Escalates, Morpho Quietly Doubles: Is the Lending Throne About to Change Hands?

marsbit03/01 03:36

Aave's Internal Conflict Escalates, Morpho Quietly Doubles: Is the Lending Throne About to Change Hands?

The article discusses the escalating internal conflicts within Aave and the rising prominence of Morpho in the decentralized lending space. While Aave remains the largest lending protocol by total value locked (TVL), it is facing significant governance disputes, including a controversial $51 million funding proposal and accusations of poor fund utilization by its team. These issues have slowed decision-making and created internal division. In contrast, Morpho has gained attention due to its modular, permissionless lending infrastructure, Morpho Blue, which allows for isolated markets with independent risk parameters set by curators rather than relying on slow global governance. This design reduces friction and enables faster adaptation. Morpho’s metrics show strong growth: TVL surpassed $9.5 billion in late 2025, active loans exceeded $3.5 billion, and quarterly active addresses grew from 30,000 to 400,000. Protocol revenue remained stable around $50 million per quarter. A major catalyst for Morpho is the involvement of traditional finance. Apollo Global Management plans to acquire up to 90 million MORPHO tokens (9% of supply) over four years, worth approximately $162 million at current prices. This signals institutional interest, potentially using Morpho’s leveraging RWA (real-world asset) products for higher yields. Despite Morpho’s growth, it still trails Aave in TVL. However, Aave’s governance challenges may provide an opportunity for Morpho to capture market share. The article concludes that a shift in lending leadership may be underway, though Morpho must sustain growth and navigate upcoming token unlocks in March.

Odaily星球日报03/01 03:29

Aave's Internal Conflict Escalates, Morpho Quietly Doubles: Is the Lending Throne About to Change Hands?

Odaily星球日报03/01 03:29

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