Avalanche Rush to give out DeFi incentives worth about $180M
Avalanche, a smart contract platform, has unveiled Avalanche Rush, a $180 million liquidity mining incentive scheme. The multi-stage program will start with $27M tokens allocated for the Aave and Curve protocols. According to the press release, the program intends to encourage more applications and tokens to migrate to Avalanche’s decentralized finance (DeFi) platform. It will […]
Vitalik believes token-based decentralized governance is impeding DeFi
Vitalik Buterin says that things must progress beyond coin voting in its current form, proposing alternatives like as “proof-of-humanity” or “proof-of-participation.” Vitalik Buterin , co-founder of Ethereum, has conducted an in-depth examination of token-based decentralised governance, arguing that existing voting procedures are inadequate and may be preventing the DeFi sector from reaching its full potential. […]
Jake Chervinsky warns that Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill
Mr. Jake Chervinsky, general counsel at Compound Labs, has expressed concern that the Treasury Department is attempting to “capture” the DeFi industry through the crypto provisions included in the infrastructure legislation. According to Jake Chervinsky , general counsel of Compound, the cryptocurrency clauses introduced to the United States infrastructure bill at the last minute were […]
Poly Network offers the $610 million hacker an advisory position
Poly Network has offered the hacker responsible for a $610 million hack an advisory post and $500,000 – whether they want it or not. According to a Tuesday report, the Poly Network team stated that it will be asking a hacker to the position of top security advisor in an apparent attempt to obtain access […]
Ethereum 2: Single-largest Ether hodler with $21.5 Billion
As a result of its high number of Ether holdings, the Eth2 staking contract has become the most important address. The staking contract for the Ethereum 2.0 network has now surpassed all other holders of Ether to become the single largest holder of the cryptocurrency today. In the eyes of blockchain analytics service Nansen, the Eth2 […]