Breaking News: PROTOCOLS – Market Insights, Analysis & Latest Updates

Polygon developers transition MATIC token to POL

Polygon has migrated its MATIC token to POL, introducing a new ticker and preparing for future functionalities while maintaining existing tokenomics and a 1:1 exchange ratio.

theblock.co • 04/09/2024 - 08:00 AM

PROTOCOLS

Monthly DeFi protocol fees dropped 24% in August

In August, DeFi protocol fees declined 24.4%, reaching their lowest since February, along with a decrease in Bitcoin miner revenues amid market volatility.

theblock.co • 02/09/2024 - 09:29 AM

SafeDAO eyes turning on revenue streams from ecosystem integrations

SafeDAO proposes a licensing fee model for the Safe Wallet, aiming to generate $2.5 million annually, as it focuses on monetization and value-added services.

theblock.co • 30/08/2024 - 11:45 AM

Gnosis Chain community members evaluate gas token choices amid MakerDAO’s pivot to Sky

Gnosis Chain community is reassessing gas tokens after MakerDAO introduced more centralized features with Sky Dollar (USDS), raising concerns over decentralization and transaction cost reliability.

theblock.co • 30/08/2024 - 05:52 AM

Bitcoin DeFi protocol Threshold proposes tBTC merger to 'save' WBTC

Threshold proposes a merger with WBTC to stabilize the asset and ensure user safety amidst criticism of BitGo's control changes involving Justin Sun.

theblock.co • 29/08/2024 - 19:42 PM

Renzo expands REZ governance token to Solana via Wormhole

Renzo Protocol has launched its governance token REZ on Solana, enhancing blockchain presence through secure cross-chain transfers via Wormhole, while ensuring integration with decentralized finance and community incentives.

theblock.co • 28/08/2024 - 18:30 PM

Solana restaking protocol Solayer reaches $80 million valuation with $12 million seed round

Solayer Labs raised $12 million in seed funding to enhance its Solana restaking protocol and plans to expand its team and launch a native token.

theblock.co • 27/08/2024 - 18:00 PM

The Daily: Microsoft-backed startup's $20 million raise, Aave Labs' proposed integration with BlackRock's BUIDL, MakerDAO's rebrand and more

Microsoft-backed blockchain and AI startup Space and Time raised another $20 million. Aave Labs proposed integrating BlackRock’s BUIDL with the GHO stability module. MakerDAO rebranded to Sky, with the DAI stablecoin optionally upgradeable to USDS. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 27/08/2024 - 17:52 PM

MakerDAO plans to optionally redenominate 1 MKR into 24,000 NGT tokens as part of endgame

MakerDAO proposes redenomination of MKR into 24,000 NGT to enhance governance participation, introducing NewStable (NST), while ensuring flexibility and user choice in the token ecosystem.

theblock.co • 23/08/2024 - 06:12 AM

Bitcoin restaking platform SatLayer raises $8 million in pre-seed funding

SatLayer raised $8 million in pre-seed funding to enhance Bitcoin restaking, attracting significant interest for decentralized application collateralization and boosting security in the ecosystem.

theblock.co • 22/08/2024 - 14:00 PM

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