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Ethereum ecosystem receives nearly $500 million in funding in 2022-23
#EthereumFoundation reported deploying nearly $500 million to ecosystem projects in 2022 and 2023, according to its 2024 annual report. Of this, $240.3 million came directly from the foundation, with the rest contributed by various organizations within the #Ethereum community, including #MakerDAO (now #Sky ), #Optimism , #Gitcoin, and #Uniswap.
#EthereumFoundation reported deploying nearly $500 million to ecosystem projects in 2022 and 2023, according to its 2024 annual report. Of this, $240.3 million came directly from the foundation, with the rest contributed by various organizations within the #Ethereum community, including #MakerDAO (now #Sky ), #Optimism , #Gitcoin, and #Uniswap.
🚨 Breaking News: Sky Puts Brakes on WBTC Offboarding! 🚨
Sky Rethinks Strategy for Wrapped Bitcoin
In a surprising twist, Sky (formerly known as Maker) is pausing its decision to remove Wrapped Bitcoin (WBTC) as a collateral option from its lending protocol. This shift in stance was spurred by a new advisory from BA Labs, dated Sept. 24, following an insightful dialogue with BitGo co-founder Mike Belshe.
Here's What's Unfolding:
Commitment Secured: BitGo has addressed concerns by clarifying upcoming management and custody changes for WBTC. They've pledged a 60-day notice period before implementing future changes.
Risk Assessment: With WBTC's reduced exposure now standing at $170M in total borrowings, BA Labs believes the risks are more manageable.
What’s Next: An executive vote slated for Oct. 3 will review these new recommendations. Will WBTC stay as part of Sky's collateral strategy?
This development comes on the heels of a Sept. 19 governance vote that initially favored offboarding WBTC. The latest updates and commitments could potentially sway the decision, marking a significant pivot in strategy.
Stay tuned as we continue to bring you the latest twists and turns in this evolving story!
#CryptoNews #WBTC #Sky #BinanceUpdate #Write2Earn! $WBTC
Sky Rethinks Strategy for Wrapped Bitcoin
In a surprising twist, Sky (formerly known as Maker) is pausing its decision to remove Wrapped Bitcoin (WBTC) as a collateral option from its lending protocol. This shift in stance was spurred by a new advisory from BA Labs, dated Sept. 24, following an insightful dialogue with BitGo co-founder Mike Belshe.
Here's What's Unfolding:
Commitment Secured: BitGo has addressed concerns by clarifying upcoming management and custody changes for WBTC. They've pledged a 60-day notice period before implementing future changes.
Risk Assessment: With WBTC's reduced exposure now standing at $170M in total borrowings, BA Labs believes the risks are more manageable.
What’s Next: An executive vote slated for Oct. 3 will review these new recommendations. Will WBTC stay as part of Sky's collateral strategy?
This development comes on the heels of a Sept. 19 governance vote that initially favored offboarding WBTC. The latest updates and commitments could potentially sway the decision, marking a significant pivot in strategy.
Stay tuned as we continue to bring you the latest twists and turns in this evolving story!
#CryptoNews #WBTC #Sky #BinanceUpdate #Write2Earn! $WBTC
𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟴, 𝟮𝟬𝟮𝟰
⚡️ JUST IN: US Nasdaq is seeking SEC approval for #Bitcoin 💰 index options: Reuters.
⚡️ JUST IN: Investor demand for #crypto has decreased recently, according to Citibank.
⚡️ JUST IN: #MakerDAO 💰 has rebranded to #Sky and introduced a new stablecoin, $USDS, and a native governance token, $SKY, aiming to enhance DeFi accessibility and user experience.
⚡️ JUST IN: US Nasdaq is seeking SEC approval for #Bitcoin 💰 index options: Reuters.
⚡️ JUST IN: Investor demand for #crypto has decreased recently, according to Citibank.
⚡️ JUST IN: #MakerDAO 💰 has rebranded to #Sky and introduced a new stablecoin, $USDS, and a native governance token, $SKY, aiming to enhance DeFi accessibility and user experience.
Pov : Through my eyes the world unfolds
Tilt the screen to Landscape
and guess the place?
#Nature #Sky #Travel #Destination #BinanceSquareCreatorAward
Tilt the screen to Landscape
and guess the place?
#Nature #Sky #Travel #Destination #BinanceSquareCreatorAward
TOP #ETHEREUM DAPPS BY WEEKLY VOLUME
#UniswapV3 #Balancer #CoWProtocol #Sky #UniswapV2 #Curve #1inch #Etherfi #Morpho #Pendle
#UniswapV3 #Balancer #CoWProtocol #Sky #UniswapV2 #Curve #1inch #Etherfi #Morpho #Pendle
TOP 10 PROJECTS BY 7D AVG. FEES
#Uniswap - $2.4M
#Aave - $1.0M
#KyberNetwork - $297.3K
#Sky - $262.0K
#Sushi - $51.5K
#Curve - $47.0K
#GMX - $38.5K
#Synthetix - $19.2K
#Spookyswap - $18.8K
#TraderJoe - $14.0K
#Uniswap - $2.4M
#Aave - $1.0M
#KyberNetwork - $297.3K
#Sky - $262.0K
#Sushi - $51.5K
#Curve - $47.0K
#GMX - $38.5K
#Synthetix - $19.2K
#Spookyswap - $18.8K
#TraderJoe - $14.0K
MakerDAO governance confirms Sky rebrand
#MakerDAO 's governance delegates voted to continue using the #Sky brand as the primary backend protocol of the ecosystem. This decision advances the transition from $MKR to #SKY , positioning Sky as the core brand encompassing both the Sky app frontend and the backend Sky Ecosystem and Sky Protocol.
👉 x.com/SkyEcosystem/status/1854643511406006447
#MakerDAO 's governance delegates voted to continue using the #Sky brand as the primary backend protocol of the ecosystem. This decision advances the transition from $MKR to #SKY , positioning Sky as the core brand encompassing both the Sky app frontend and the backend Sky Ecosystem and Sky Protocol.
👉 x.com/SkyEcosystem/status/1854643511406006447
KEY METRICS ON POPULAR DAPPS
#Sky $SKY #Aerodrome $AERO #LidoFinance $LDO #Uniswap $UNI #Aave $AAVE #PancakeSwap $CAKE #Ethena $ENA #Curve $CRV #GMX $GMX
#Sky $SKY #Aerodrome $AERO #LidoFinance $LDO #Uniswap $UNI #Aave $AAVE #PancakeSwap $CAKE #Ethena $ENA #Curve $CRV #GMX $GMX
KEY METRICS ON POPULAR DAPPS
#Aerodrome $AERO #Sky $SKY #Ethena $ENA #Uniswap $UNI #LidoFinance $LDO #AAVE $AAVE #PancakeSwap $CAKE #Jito $JTO #Curve $CRV
#Aerodrome $AERO #Sky $SKY #Ethena $ENA #Uniswap $UNI #LidoFinance $LDO #AAVE $AAVE #PancakeSwap $CAKE #Jito $JTO #Curve $CRV