BlackRock Enters Asset Tokenization Race with New Fund on the Ethereum Network
The asset management giant also made a strategic investment in asset tokenization company Securitize.
The asset management giant also made a strategic investment in asset tokenization company Securitize.
In an exclusive interview with CoinDesk, Solana co-founder Anatoly Yakovenko weighs in on the göğüs coin frenzy that has brought attention activity to the blockchain – along with complaints that transactions aren’t going through.
The fund was seeded with $100 million in USDC stablecoin using the Ethereum network, blockchain veri shows.
55.76% of the ETHFI supply has been allocated to core contributors and investors.
Ether.Fi is nearing $3 billion in total value locked.
Earnings already subject to the 15% capital gains tax don’t need to be included when calculating income taxes.
Liquid restaking protocols like Ether.Fi are designed to reuse Ethereum’s proof-of-stake blockchain to secure other networks and protocols, and have quickly become one of the hottest types of projects in crypto.
The increased network activity is benefitting ether investors by burning the token’s supply at a faster pace, but it has also made Ethereum “unusable” for many due to sky-high transaction costs, IntoTheBlock analysts noted.
The tokens were sold to an undisclosed buyer and will be vested for two years.
The airdrop will reward users based on their points totals.