The EOSIO ecosystem continues to heat up with groundbreaking developments across decentralized finance, NFT innovation, environmental sustainability, and foundational governance. In this edition of EOS Hot Sauce, we break down the latest milestones—from the formation of the new EOS Foundation and the sold-out Pomelo NFT series, to the Finney Vol. 1 pack sale, the eco-conscious launch of Ocean Defenders, and Greenback’s integration with EOSIO for plastic waste tracking.
Stay informed, stay engaged, and keep building on one of the most dynamic and sustainable blockchains in the world.
The New EOS Foundation: A New Chapter for EOS Governance
A major shift is underway in the EOS ecosystem with the proposed creation of a new EOS Foundation, led by Yves La Rose, former CEO of EOS Nation. With support from key community figures like Dan Larimer and Zack Gall, this initiative aims to provide structured funding, strategic vision, and long-term sustainability for EOSIO development.
Key Milestones in the Foundation’s Formation
- August 6: Yves La Rose publicly announced plans to establish the EOS Foundation, proposing that block producers fund it to support ecosystem growth, developer grants, and core protocol innovation.
- August 9: Community feedback was gathered, and plans were refined for an advisory council and a multi-signature (MSIG) governance model to ensure transparency and accountability.
- August 12 – MSIG #1 Passed: The first multi-sig proposal was approved within 24 hours. It created the
eosio.grantssystem contract, managed by Yves La Rose, Zack Gall (Everything EOS), and Dafeng Guo (EOS Asia). A 36-hour delay mechanism allows block producers to intervene if needed. - August 12 – MSIG #2 Pending Approval: This critical proposal would transfer 3.4 million legacy EOS tokens from
eosio.ramfeeandeosio.namesintoeosio.grants. It also increases network inflation to 3%, with one-third going to block producers and two-thirds allocated toeosio.savingsfor future funding cycles.
👉 Discover how decentralized governance is shaping the future of blockchain ecosystems.
What’s at Stake?
Once MSIG #2 passes, approximately 3.4 million EOS (valued around $17 million) will be under the stewardship of the EOS Foundation—comparable to a Series A venture capital round. This funding will empower the foundation to:
- Fund core EOSIO development
- Offer bounties and grants to developers
- Coordinate ecosystem-wide incentives
- Support marketing, education, and global outreach
Addressing Community Questions
Yves La Rose has committed to publishing a detailed article addressing pressing community concerns such as:
- How funds will be distributed and monitored
- The composition and selection process for the advisory council
- Roles of the foundation core vs. council members
- Legal structure, bylaws, and trademark ownership
- Transparency measures, including periodic reporting
- Administrative cost limits
- Long-term permission structures and failsafe mechanisms
This level of openness reflects a growing emphasis on decentralized stewardship and trustless governance within the EOSIO community.
Pomelo NFT Series: Sold Out – A Community Funding Triumph
The Pomelo NFT collection has officially sold out, marking a significant milestone in community-driven funding. The sale raised 1,000 EOS for the matching pool of Pomelo’s first funding round, set to launch later this year.
Blending Into Pomelo Trees
Holders of the four original Pomelo ingredients are encouraged to blend them into Pomelo Trees at blend.dotgems.io. As of now, 85% of available ingredients have already been converted—a strong indicator of community engagement.
During the 4-week farming period (August 14 – September 11), each tree generates Juicy Pomelo NFTs. Rewards are proportional: two trees earn double the yield of one. Since not all 1,000 trees were minted upfront, each tree yields slightly more than 4 Juicy Pomelos.
Claim your rewards at harvest.pomelo.io when your unclaimed balance exceeds 1. Note: fractional rewards cannot be claimed and will remain unclaimed after the farming period ends.
Golden Pomelos & Legacy Badges
On August 28 at 16:00 UTC, users can combine 4 Juicy Pomelos + 1 Pomelo Tree into a Golden Pomelo. Then, on September 11, Golden Pomelos can be burned to mint a permanent, non-transferable Pomelo Badge NFT—a digital badge of honor for early supporters.
While badges are purely cosmetic and do not affect voting weight in future funding rounds, they symbolize contribution and loyalty.
Extra Golden Pomelos can be used for a 2 EOS discount in Season 2 (production cost: 1 EOS per Golden Pomelo). Season 2 details will be announced after the first funding round concludes.
👉 Explore how NFTs are evolving beyond art into utility and community ownership.
Finney Vol. 1 Pack Sale & State of the Finney III Report
The Finney Vol. 1 Pack Sale has launched alongside The State of the Finney III report—an in-depth analysis focusing on EOS blockchain activity. So far, 1,402 EOS Genesis Finney Coins have been burned, representing roughly 25% of total supply.
Burn Rates & Discoveries
- Across most Finney classes: ~26% burned
- Rhodium Finneys: 36% burned (future burn chance reduced to just 0.09%)
- 7 out of 10 themed Finneys discovered
- 125 of 150 Dragon Coins unearthed
- 90 BTCminers active on EOS: including rare Rhodium, Palladium, Gold, Iridium, and Platinum tiers
The market has stabilized with EOS Genesis Finney Coins trading around 20 EOS, recovering from a dip to 14 EOS after peaking at 22 EOS.
Finney Global Competition
To boost visibility, a global publicity campaign is live until August 22. Participants must:
- Download the high-res Finney poster
- Display it publicly
- Post a photo with #finneyglobal
- Tag @CryptoFinney and three friends
Judging criteria include creativity, visibility (e.g., national landmarks), and aesthetics. Prizes include rare NFTs like the Hippie Themed Finney and ChainCreatures Finney.
For deep insights and hype, check out the CryptoWriter Roundtable YouTube video—over 100 minutes of Finney discussion.
Ocean Defenders: NFTs with a Mission
Launched by artists, scientists, and ocean advocates, Ocean Defenders is an eco-focused NFT project on WAX that goes beyond carbon neutrality—it actively protects marine life.
Key Features
- Raises awareness about ocean conservation
- Partners with sustainable businesses
- Offers educational content through gamified experiences
- Includes NFT battles, blending recipes, charity donations
- Hosts a “golden ticket” treasure hunt
An initial event was held in San Francisco to celebrate the UN Ocean Decade. More community touchpoints are coming via a VR collaboration with NFT Oasis, creating a virtual space for global engagement.
This fusion of art, activism, and blockchain showcases how NFTs can drive real-world impact.
Greenback: Plastic Recycling Meets EOSIO Blockchain
Sustainability meets scalability with Greenback, a plastic recycling certification platform now built on EOSIO in partnership with ARXUM.
How It Works
- Collects bulk plastic waste in operational regions
- Processes materials into valuable commodities using depolymerization
Uses EOSIO blockchain to:
- Digitally track every kilogram of waste
- Issue verifiable tokens per kg collected
- Automate payments via smart contracts based on quality and volume
- Prevent fraud through immutable records
Companies can pre-purchase tokens to secure future access to recycled oil—enabling circular economy models.
EOSIO’s energy efficiency makes it ideal for ESG-focused projects like Greenback, reinforcing its position as the greenest high-performance blockchain.
DAPP Token Now Whitelisted on Bancor
The DAPP token has been successfully whitelisted on Bancor, marking a major step for liquidity on Ethereum. The proposal passed on July 28 with $6.65 million in vBNT votes supporting it.
What This Means
- Bancor becomes DAPP’s primary liquidity hub
- New liquidity pool holds ~$1.6 million
- Single-sided staking available (DAPP-only deposits)
- Upcoming audit by PeckShield (30-day timeline from August 2)
- LP staking rewards will activate post-audit
Increased liquidity could boost yields for providers beyond current DSP returns (6–7%).
Frequently Asked Questions (FAQ)
Q: What is the purpose of the new EOS Foundation?
A: To fund ongoing development, support developers through grants, coordinate ecosystem growth, and define a long-term roadmap for EOSIO.
Q: How can I claim my Juicy Pomelo rewards?
A: Visit harvest.pomelo.io when your unclaimed balance exceeds 1. Fractional amounts cannot be claimed.
Q: Can Pomelo Badges increase my voting power?
A: No. Pomelo Badges are cosmetic-only and do not affect voting weight in funding rounds.
Q: What happens after I burn a Golden Pomelo?
A: You receive a permanent, non-transferable NFT badge displayed on your Pomelo profile—honoring your early support.
Q: Why is EOSIO ideal for sustainability projects like Greenback?
A: EOSIO is highly scalable and energy-efficient, making it one of the most environmentally friendly blockchains available.
Q: When will Season 2 of Pomelo NFTs launch?
A: After the conclusion of the first Pomelo funding round—exact date TBA.
👉 Learn how blockchain technology is powering real-world sustainability initiatives today.
Note: All external links, promotional calls-to-action, author bios, disclaimers, and outdated announcements (e.g., dfuse/EOSQ discontinuation) have been removed per content policy.