LC Insight
Friday, November 13, 2026Read the chain, not the rumors.

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#Governance

Governance news and analysis from LC Insight: 6 stories, newest first.

Airdrops

Jupuary 2026 never landed: 75% of JUP votes shelved a 700 million JUP airdrop

Jupiter's yearly airdrop was due to start with 200 million JUP in early 2026. Stakers voted on February 22 to park all 700 million tokens in a locked community wallet instead. No new vote has been called since, and JUP now trades about 41% above its close that day.

DeFi

Compound's fourth retreat in a month: a vote to pull 90 ETH and 42,000 USDC off Unichain

A Compound DAO vote closing November 3, with no votes against so far, would send reserves from its deprecated Unichain markets back to Ethereum. A bigger 534,530 USDT withdrawal from Polygon was filed and canceled within an hour.

Guides

What is TRON? How the chain holding $92.6 billion of USDT really works

TRON is the blockchain where more of Tether's USDT lives than anywhere else: about $92.6 billion on November 2, 2026, per DefiLlama. Here is how its energy and bandwidth fees work, and why 27 elected block makers decide the rules.

Infrastructure

Arbitrum vote could unfreeze Stylus Rust contracts, but each needs an audit and sign-off

New Stylus contracts on Arbitrum have been frozen since October 2 over fears of AI-assisted attacks. A DAO poll closing November 5 weighs a way back: every new program would need an auditor's pass and an Arbitrum Foundation signature.

DeFi

Aave V3.8 vote: 381,439 AAVE for, zero against, a new lock on 15 networks

Aave Labs wants a reentrancy guard on every active Aave V3 market, built so flash loans and liquidations still work. AAVE holders backed it with zero AAVE against in a Snapshot vote that closed October 31; audits come before the final onchain step.

DeFi

Ethena's fee switch got zero votes against. So why have ENA buybacks not started?

ENA holders approved revenue-funded buybacks without a single vote against, but buybacks only start once USDe supply reaches $7.5 billion. On November 2 it was about $4.5 billion.