Decentralized oracle protocol Chainlink has announced the launch of its long-awaited staking reward programs- the SCALE and BUILD. The programs are part of the Economics 2.0 plan to secure the network and reward participants by introducing staking. Chainlink SCALE Program The Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE) program is part of…
Osmosis Co-Founder Sunny Aggarwal has questioned the effectiveness of Ethereum’s staking model as it will not enable withdrawal of staked ETH post-merge. Currently, there are 13.7 million ETH staked on the beacon chain. According to the PoS design, the assets will remain locked until the Shanghai update goes live in the future, In a commentary…
Cross-chain liquidity provider Bitfrost has collaborated with Coinbase Cloud to offer its liquid staking service on the Kusama network, according to a Sept.6 announcement. Bifrost was built using the cross-consensus messaging (XCM) system which allows for easier transfer of liquidity for assets staked across the Polkadot ecosystem. The collaboration will see Bifrost leverage Coinbase Cloud‘s…
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Time-based investments and bonding financial tools have been around for many years in the Traditional Finance (TradFi) world and have recently made their way onto blockchains, replacing centralized banking institutions with decentralized code-based protocols. These new…
Zurich-based Sygnum Bank announced it had expanded its product offerings to include Cardano (ADA) staking. The firm said its clients can now securely stake ADA via its “institutional-grade banking platform to generate staking rewards.” However, the move has split the Cardano community, with skeptics voicing concerns about institutional adoption being a slippery slope. Institutional demand…
Proof of Stake (PoS) blockchains are waiting for you to stake your crypto. Yet staking’s low participation — only 24% of the total market cap of staking platforms are locked in staking — means that crypto enthusiasts have yet to realize its benefits. While PoS blockchains are improving the way the crypto ecosystem functions, liquid…
Ethereum’s(ETH) transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism — the so-called Merge — will not happen in June as many have predicted. As reported by CryptoSlate on April 14, Ethereum core developers will not yet be ready for the merge before the end of the third quarter. The highly-anticipated merge will mark…
Valued at $23 billion, DraftKings, a digital sports entertainment and gaming company, today joins the Polygon ecosystem as a validator and node operator, marking this the first time a major publicly-traded firm has taken an active role in blockchain governance. Polygon validators are responsible for verifying the authenticity and validity of transactions on the network…
Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive. The newly launched stETH Perpetual Yield Tranches (PYTs) were designed to target the more risk-averse segment of the DeFi market, offering an APR ranging from 1.8% to 8%. Idle DAO…
Bitcoin Press Release: Torum prepares to launch an NFT launchpad from its unique DeFi & NFT-infused social media platform, following successive fundraising achievements. 9th June, 2021, Kuala Lumpur, Malaysia— Torum, the first DeFi, and NFT-infused crypto social media platform is now going to launch an NFT launchpad that is designed with cross-chain interoperability. The integration of the…