AAVE Stops Loaning ETH Ahead of Merge

AAVE suspends ETH borrowing as the risk of high utilization leading up to the Merge could affect ETH liquidity. The DeFi protocol’s community voted between Aug. 30, 2022, and Sep. 2, 2022, to pause ETH lending to protect the protocol from risks associated with excessive borrowing. According to research firm Block Analitica, suspending loans will … Read more

Coinbase launches liquid staking token to ‘keep Ethereum decentralized’

Coinbase has launched a liquid token for its users who staked their Ethereum (ETH) on its platform called cbETH, according to an August 24 announcement. Coinbase will add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds will be lost. … Read more

Coinbase Introduces Wrapped Staked ETH Utility Token in Anticipation of Merge

Coinbase has introduced a utility token called Coinbase Wrapped Staked ETH (cbETH) which can be traded out of the exchange and used in DeFi. Coinbase has announced that it will give those who stake ETH an ERC20 utility token called Coinbase Wrapped Staked ETH (cbETH) — a liquid representation of their staked ETH. Coinbase will … Read more

Coinbase will shut down staking service if regulators mandate censoring transactions

Coinbase CEO Brian Armstrong said on August 17 that the firm would shut down its staking services if regulators wanted it to censor transactions as a validator. It’s a hypothetical we hopefully won’t actually face. But if we did we’d go with B i think. Got to focus on the bigger picture. There may be … Read more

MakerDAO identifies risks of an Ethereum hard fork

DeFi protocol MakerDAO (MKR) has identified seven risks its protocol faces if Ethereum (ETH) is forked. Futures backwardation and negative funding According to the protocol, the first risk it faces is future backwardation and negative funding. In this case, while spot ETH will get forked PoW tokens, those exposed to ETH perpetual contracts and quarterly … Read more

First Shadow Fork Goes Live on Ethereum Ahead of Proof-of-Stake Testing

Today saw the first Ethereum mainnet shadow fork go live. The developers of the second-largest cryptocurrency in terms of market capitalization continue to transition the network to Proof-of-Stake (PoS). Sponsored Sponsored Ethereum developers currently working on a multi-stage transition to a PoS consensus algorithm, reached a significant landmark today. Developer Marius Van Der Wijden tweeted … Read more

Kiln Testnet Running Smoothly as Clock Ticks Down to Ethereum ‘Merge’

The Ethereum network has entered one of the final testing phases before the long-awaited ‘Merge’ heralds in a new era of proof-of-stake consensus. Sponsored Sponsored The final public testnet called Kiln when live last week to simulate the merger of Ethereum’s proof-of-work chain with the Beacon Chain, which is now called the consensus layer. Sponsored … Read more

Ethereum Developers Rebrand in Effort to Drop ‘Eth2’ Moniker

Leading Ethereum developers are not fond of the term ‘Eth2’ to describe the next stage of the network’s roadmap and are urging users and the crypto community to drop it. Sponsored Sponsored In a post on the Ethereum Foundation’s blog on Jn. 24, the Ethereum core team stated that the terms Eth1 and Eth2 were … Read more

Ethereum Client Incentive Program Launched to Help Reward Developers

In an effort to foster development and innovation for Ethereum clients, the Ethereum Foundation has launched a new rewards program. Sponsored Sponsored On Dec 13, the Ethereum Foundation announced that it was launching a Client Incentive Program. Its primary aim is to encourage more diversity in the client ecosystem. The announcement went on to state … Read more

Over One Million Ethereum Worth $4.3B Burnt Since London Upgrade

The burning mechanism that was introduced as a part of the Ethereum London upgrade in early August has now destroyed more than one million ETH. Sponsored Sponsored The London hard fork in early August introduced EIP-1559, a mechanism to burn a portion of the transaction fees. Since then, 1,008,431 ETH has been burnt at the … Read more