Day: December 1, 2020

Curve Distributed Protocol Fees to veCRV Holders

Curve passed a unanimous governance vote to distribute $3M worth of protocol fees to CRV holders staked into the CurveDAO over the weekend. With just under 50% of all staked token holders voting on the proposal, the 100% majority vote signals strong alignment for the stablecoin AMM to distribute the 2.9M yCRV accrued to the Set converter over the …

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Yearn Merges With Three DeFi Projects in Four Days

Yearn Finance has partnered or merged with at least six different DeFi projects, three of which have been announced in just in the past four days. SushiSwap, Akropolis and Cover, were the latest protocols to combine forces with Yearn, while mergers with Cream, Pickle, and a partnership with Hegic were announced in the past two weeks. Rather than …

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Crypto is About to Get Many Flavors of Staked ETH Tokens

Coinbase and Binance plan to enable staking on Ethereum’s just-launched Beacon chain, and trading of their own ETH2 wrappers. The move is a sign that becoming an Ethereum validator is increasingly easy, and that soon many such tokenized versions of staked ETH will start circling the crypto market. “Coinbase customers will be able to convert …

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Genesis Block Signals There’s “No Stopping” Ethereum Now

The first phase, or Phase 0, in the transition to Ethereum 2.0/ aka Eth2.0/ aka Serenity successfully launched today. In this phase of the process a proof-of-stake chain, known as the Beacon chain, is now running. ETH holders can deposit (or stake) ETH in multiples of 32 and start accumulating staking rewards, thus becoming validators in …

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