NEAR Protocol (NEAR)

NEAR has reached escape velocity, consistently surfacing in many of the biggest conversations across crypto and AI.

With Intents clear of $20B in volume and NEAR's AI product set developing quickly, we looked at what the momentum from the past few months is built on.

https://t.co/X2nzOuuh9I

great read on token-powered governance by @akrtws on her Substack: Unstable Equilibria -- AK is the head of governance at NEAR’s house of stake @NEARGovernance

i love the vision she very well explained there:

citizenship not being limited by were someone was born, but by a network they voluntarily decided to join and be part of

i also agree on the problems mentioned in this article:

baking citizenship into liquid tokens blurs the incentives and may create undesired risks and consequences when tourists are added to the equation -- or, even worse, threat actors

and i find the proposed solution very interesting, in general (quoted in the image below)

governance is one of the biggest challenges for humanity, which translates the same way to onchain/decentralized governance

i believe NEAR’s HoS under AK’s leadership is doing well and making the right steps in trying to find the working solution. one of the reasons i’ve been getting involved so much with it all as an independent community delegate

looking

🪲 FIND THE BUG ON A NEAR SMART CONTRACT

this is the core file of a real NEAR fungible token from 2022

a respected security firm audited it and found out it is missing something to ensure `ft`-related functions will work as they should

can you find it?

i'll reveal everything in 24 hours from now in this thread ↓
+ what's missing
+ what contract this is
+ what security firm found it
+ what the fixed code looks like today

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comment if you want a ping when the answer is out!