Hello Defiers! Hope you’re having a great weekend. Summing up the past week: The biggest news this week for the Ethereum ecosystem was the successful launch of the first phase in the transition to ETH2, the proof-of-stake chain. Anyone can become a validator in the network by depositing ETH in multiples of 32, and earn ETH rewards in exchange. Another consequence for crypto traders is that we will start to see many versions of staked ETH derivatives being traded on exchanges. The other news that dominated the week was a proposal by US lawmakers, which would make issuing and transacting with stablecoins require a banking license. This has the potential to upend much of DeFi activity and make even running an Ethreum node illegal. It also reveals how deeply regulators misunderstand open source and distributed networks.
Recap: DeFi Week of Nov. 30 🦄
Recap: DeFi Week of Nov. 30 🦄
Recap: DeFi Week of Nov. 30 🦄
Hello Defiers! Hope you’re having a great weekend. Summing up the past week: The biggest news this week for the Ethereum ecosystem was the successful launch of the first phase in the transition to ETH2, the proof-of-stake chain. Anyone can become a validator in the network by depositing ETH in multiples of 32, and earn ETH rewards in exchange. Another consequence for crypto traders is that we will start to see many versions of staked ETH derivatives being traded on exchanges. The other news that dominated the week was a proposal by US lawmakers, which would make issuing and transacting with stablecoins require a banking license. This has the potential to upend much of DeFi activity and make even running an Ethreum node illegal. It also reveals how deeply regulators misunderstand open source and distributed networks.