CDS Crypto News Investment by Coinbase in Rocket Pool
Crypto News

Investment by Coinbase in Rocket Pool

395
Investment by Coinbase in Rocket Pool

Coinbase announced that it would invest in Rocket Pool. In addition to investing in the staking platform, the firm will also have a significant vote in the ODAO for project decisions.

Investment by Coinbase in Rocket Pool

The company strengthens its connection to the protocol by its investment in it and its involvement in oDAO voting. The company is making a direct investment in the DeFi protocol, according to a recent Discord announcement from the protocol, an Ethereum staking platform.

As a result, the company will have a vital vote in the oDAO for project choices in addition to investing in the staking platform. The exchange will also create a unique pool just for the RPL-rETH token pair. Yet, the project has not made the precise investment amount public.

About The Protocol

The Ethereum blockchain’s staking solution protocol, which debuted in November 2021, enables users to take part in running a node in Ethereum’s decentralized system or start their own node. After a little less than two years of operation, the protocol just reached a $ 1 billion locked value (TVL).

References

news.coincu.com

Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Glif, the Filecoin protocol, plans to distribute 75 million points in anticipation of its token launch

The Filecoin liquid leasing protocol will distribute a total of 75 million...

In the first quarter, losses from crypto hacks and scams amounted to a staggering 336 million Dollars

In the first quarter, the crypto industry faced losses amounting to $336...

FTX Fraud Suspect SBF to Be Sentenced Today

FTX fraud suspect SBF appeared before the judge today.