.a16z has invested $70 million in Ethereum staking provider LidoFinance. By BrandyBetz
The Ethereum blockchain plans to switch this summer from its current proof-of-work validation system to PoS, which is more energy efficient and lets users validate network transactions through temporary token deposits in exchange for rewards.
Ethereum needs to encourage ether holders to stake their tokens or a secure PoS transition won’t be possible, which is where Lido Finance comes in.. By issuing an Ethereum-native liquid token, Lido allows you to use staked ETH as collateral within DeFi in the same way you can use ETH currently,” wrote a16z Crypto’s Daren Matsuoka and Porter Smith in the announcement post.
Last summer, a16z launched a $2.2 billion crypto fund that was the largest ever for the industry until Paradigm announced a
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Phillips Auction Featuring Basquiat Painting Worth $70M to Accept Bitcoin, Ethereum Payments – Bitcoin NewsAccording to the announcement, Phillips has revealed the auction will accept ethereum or bitcoin for the Basquiat artwork.
Baca lebih lajut »
Terra (LUNA) Surpasses Ethereum 2.0 in Staking ValueTerra is now the second-largest proof-of-stake platform, surpassing Ethereum 2.0, Cardano and other popular blockchains
Baca lebih lajut »
Ethereum Beacon Chain Surpasses 300K Validators, Over $28 Billion in Ether Deposits Locked – Technology Bitcoin NewsThe Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000.
Baca lebih lajut »
327,000 ETH Leaves Exchanges in Last 7 Days as Price of Ethereum Rises: Details327,000 ETH left exchanges in the last 7 days as Ethereum price rebounds: details Crypto
Baca lebih lajut »
Brand New Ethereum Feature Might Be Disruptive for Crypto Industry: Here's HowYou will soon be able to access your favorite web applications outside of crypto with your own Ethereum address
Baca lebih lajut »
Ukraine's Airdrop Tease Spurs Influx of Microdonations.Ukraine’s airdrop tease is prompting thousands of microdonations on the Ethereum blockchain. 0x_bae reports
Baca lebih lajut »