Ether.Fi pitches buybacks for ETHFI stakers
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
Auto Added by WPeMatico
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.
Just four MKR whales constituted 98% of the voting power in favor of sticking with the Sky rebrand.
Rune Christensen proposed a deflationary model for Sky, halting token emissions and aligning with MakerDAO’s original supply reduction vision.
Maker rebranded to Sky just two months ago in August as part of its Endgame overhaul, but there has been some resistance.
Wrapped Bitcoin currently has a market capitalization of approximately $9.5 billion and a circulating supply of 154,782 tokens.
WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.
BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun’s involvement in the custody of the Wrapped Bitcoin token […]
The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform.
