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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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First cross-chain governance proposal passes on Aave

"It's a major step forward in multi-chain governance systems," said the team at Aave.

On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave (AAVE). According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, a proposal executed on Aave, which is built on the Ethereum (ETH) network, was sent to the Polygon (MATIC) FxPortal. The mechanism then read the Ethereum data and passed it for validation on the Polygon network. 

Afterward, the Aave cross-chain governance bridge contract received this data, decoded it and queued the action, pending a timelock for finalization. The development team wrote:

The Aave cross-chain governance bridge is built in a generic way to be easily adapted to operate with any chain that supports the EVM [Ethereum Virtual Machine] and cross-chain messaging.

Currently, the repository supports contracts bridging to Polygon and Arbitrum. On Aave, users can submit Aave Improvement Protocols, or AIPs, to target various features on the DeFi platform. In one instance last October, Gauntlet Network submitted an AIP to disable the borrowing functions for xSUSHI and DeFi Pulse Index tokens and an automated market maker liquidity provider token pair, citing alleged security vulnerabilities. The proposal passed with 710,327 votes in favor four days after submission. 

While some blockchain enthusiasts took to social media to celebrate the technological milestone, not all stakeholders are fans of cross-chain developments. Last month, Vitalik Buterin famously gave the thumbs down to cross-chain applications, citing irreversible breaches should a 51% attack occur on one network amidst cross-chain transactions. In addition, the Ethereum co-founder warned that the scaling of cross-chain applications could also scale vulnerabilities, as hackers can cause system-wide contagions by launching 51% attacks on just one network, especially against small-cap ones.

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