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According to the CoinDesk report featured on PredX, validators have a cleanup patch on track to activate around Oct. 23. The update includes fixes affecting the upcoming Lending Protocol and Single Asset Vaults, including rules around when loans can be marked impaired or defaulted.

According to the CoinDesk report featured on PredX, the new preferred shares, called SATS, will offer a fixed 15% dividend yield at par. SATS will rank junior to Strive’s existing SATA preferred shares, which currently pay a variable dividend of about 13%.

California Gov. Gavin Newsom has endorsed Proposition 42, a ballot measure that could block key parts of a separate proposal seeking a one-time tax on the state’s billionaires.