Crypto staking on the Ethereum blockchain saw a huge influx of liquidity in March, according to a new report from Binance Research. Liquid staking now accounts for the majority of Ethereum staking volume, pushing ahead of popular DeFi protocols such as Compound and Synthetix.
As the US government continues to push for stronger KYC regulations, DeFi platforms and Bitcoin ATMs have faced a major hurdle. Despite their heavily decentralized nature, these digital services must comply with the strict guidelines.
MATIC investors have been speculating that the project will convert from a MATIC token to a POL token. Since the announcement, investors have been looking to understand why the switch has been made. This article investigates the potential reasons for the change.
It’s been eventful for Celsius Network and its co-founder, Alex Mashinsky. Mashinsky has shifted Celsius’ focus to become a company at the forefront of the DeFi revolution, and the company’s reputation has quickly propelled it to the top of the industry.
Polygon Labs, a prominent blockchain development firm, has suggested a potential replacement for the MATIC token in its latest proposal. The new POL token aims to enhance the functionality and scalability of the Polygon network. If implemented, this shift could have significant implications for the future of decentralized finance and other applications powered by Polygon. Stay tuned for updates on this exciting development.
AlgoFi, Algorand’s first and largest DeFi project to-date, is set to close its doors after less than one year of operation, citing “low network activity and insufficient returns.” The team behind the project is exploring alternative opportunities moving forward.