Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor.
In this issue:
DAO governance tool merger
Ethereum Foundation drama
Stablecoin USDh comes to Bitcoin
$25 million grant program for DePIN
Network News
DAO GOVERNANCE PLATFORM ACQUIRES RIVAL: Agora, a blockchain governance startup, is set to acquire its competitor Boardroom. The company framed the acquisition as a strategic move to enhance governance within the broader Ethereum ecosystem, citing expectations of renewed growth in decentralized governance due to President Trump’s promise of regulatory clarity for the blockchain industry. „2025 is the year we make good governance the standard for all protocols in Ethereum,” Agora co-founder Yitong Zhang told CoinDesk. Agora was founded in 2022 by Zhang, Charlie Feng, and Kent Fenwick. The trio initially started working on governance tooling at Nouns DAO, one of the b
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