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Tsuma told CryptoX that he has agreed with Immunefi, Lido and Rocket Pool to refrain from disclosing the exact nature of the bug while the affected platforms work on a patch, but both Lido and Rocket Pool are planning to disburse the maximum allowable Immunefi bounty of $100,000 –
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“Staking yields on AXS remained exceptionally lucrative (189% APR), even with 12.4 million AXS staked already and growing, leading to a real risk of a supply crunch for AXS,” said Denis Vinokourov, head of research at Synergia Capital. “This could result in exponential, albeit likely unsustainable, upside, and in the
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Airdrops have become the cryptocurrency ecosystem’s equivalent of stimulus checks over the past couple of years and further proof of this can be evidenced from popular protocols like Uniswap and dYdX which rewarded their early adopters with token drops that are now worth $30,000 to $2 million.The latest protocol to
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Axie Infinity, a play-to-earn NFT game based on the Ethereum blockchain, announced the launch of the staking program for its native token, Axie Infinity Shards or AXS. AXS holders can start staking their tokens while the rewards will be activated in 24 hours to ensure all time zones could stake beforehand,
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The crisis of 2020 led to the fact that many countries lowered the refinancing rate in order to provide their economies with cheaper loans. The economy needs money, cheap and affordable loans. All this has led to the fact that even countries with negative refinancing rates have appeared. Negative rates mean free
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press release PRESS RELEASE. TimeCoinProtocol is a decentralized sharing economy protocol which aims to optimize world resource usage. Various applications can be built and run on the TimeCoinProtocol including third party applications. The project puts a strong focus on the Gig Economy and Creator Economy. The project has issued an
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The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence. Ethereum 2.0 Contract Nears $30 Billion In the early days, the
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Recently, the Ethereum network reached a new staking milestone. On Aug. 17, the Ethereum 2.0 staking contract became the single largest holder of Ether (ETH), surpassing Wrapped Ether (WETH). According to data from Etherscan, the Eth2 deposit contract now holds over 7.14 million Ether tokens, valued at $23 billion at
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In early July, JPMorgan released a report in which two of the bank’s analysts projected that the staking industry would be worth $40 billion in rewards by 2025. The report anticipates that once the Ethereum 2.0 network completes its transition from proof-of-work (PoW) to proof-of-stake (PoS,) payouts will more than
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In a recent blog post, popular cryptocurrency hardware wallet Ledger announced a new partnership with Ethereum 2.0 staking solution Lido Finance in a move that claims greater accessibility and liquidity for independent stakers in the market.Staking is a niche method of investing within the cryptocurrency ecosystem which allows users to
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