The proposal, introduced in February, could harden Ethereum’s native cryptocurrency, ether (ETH), as a form of money – by reducing the inflation of new supply. But some members of the community say if it’s not broke, don’t fix it.
The Gold Rush product offers a trifecta of attractive return, market exposure and protection from losses.
55.76% of the ETHFI supply has been allocated to core contributors and investors.
The latest price moves in crypto markets in context for Feb. 26, 2024.
“We are going to follow Uniswap’s lead in proposing it. It will be up to the community to pass it,” CEO Sam Kazemian said.
The validator entry queue has jumped to 7,045, the highest since Oct. 6, according to veri source ValidatorQueue.
The temporary lift comes as restaking on Ethereum is booming despite warnings from developers that it might strain the network.
The waiting time to deploy new validators to the Ethereum network has diminished to just five hours from a peak of 45 days in early June.
Two days of inflows fueled a more than fourfold increase in Binance staked ether’s total value locked.