0/ The third cohort of the Token Transparency Framework is LIVE. This round we welcome Euler dYdX ZKsync Layer 3 These teams are elevating the industry's disclosure norms. Let's dive into the details...

1/ The Token Transparency Framework is designed as a one-time filing that assesses 18 criteria across four key areas: - Project & Team - Financial Disclosure - Token Supply - Market Structure (including market maker transparency) Below we highlight the most interesting details disclosed by cohort 3.

3/ @dYdX scored a 39/40. They disclosed the legal separation between dYdX Trading and the dYdX Foundation, detailed liquidity agreements, & shared offchain financials via ecosystem reports.

4/ @zksync scored a 38/40. They disclosed treasury wallets, token minting mechanics, and their equity-token relationship.

5/ @layer3xyz scored a 39/40. They shared how their non-profit foundation and protocol council function in tandem, disclosed all treasury and investor wallets, and revealed token loan agreements with market makers.

6/ Find the full Token Transparency Framework & token issuer submissions in the link below. If you're interested in elevating the industry's disclosure norms & participating in the framework, please follow instructions in the link, or DM @_ryanrconnor