“The Fund Placements, Managed by Coinbase’s Asset Management Arm, Begin on Aave, Morpho, Kamino and Jupiter, With Broader Rolllouts Planned.”, – WRITE: www.coindesk.com
The Initiative Will Be Managed by Coinbase Asset Management and Begins with Deployments on Aave, Morpho, Kamino and Jupiter, Accounting To A Blog Post.
The Exchange First Launched The Program in 2019 to Help Protocols Seed Early Trading Pools for USDC Stablecoin. That Effort Supported Early Platforms Like Uniswap
Compound
and Dydx
and Helped Spearhead USDC in the Defi EcoSystem, WHICH IS STILL The MOST WIDLY USED STABLECOIN IN THE SECTOR.
In it New Iteration, The Initiative Will AlloCate Capital Across Both Establized and Emerging Protocols, Aiming To Ensure Users Can Access Stable Yields and Efficiency Markets.
WHILE COINBASE HAS NOT DisClosed the Size of the Fund or Special Amounts for Each Deployment, A Company SpokesPerson Told Coindesk It Will Test Placements Across Multiple Net. Currently, The Fund Provides Capital in USDC and EURC, CIRCLE’S EURO-PEGGED STABLECOIN, The Company Added.
Coinbase’s Move ComESS As the Defi Sector’s Growth is Acceleration Amid-Hot Crypto Markets and EASING REGULATORY HEADWININ Collectvely, Nearly Doubling Since April But Still Below Its 2021 Peak, Defillama Data Shows.
Read More: Decentralized Finance and Tokenization Growth Still Disappeints: JPMORGAN
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ETORO REPORTED $ 2.09 Billion in Total Revenue in Q2, with CryptoAssets Contributing $ 1.91 Billion.
- Crypto Trading Remoned the Primary Revenue Source for Etoro, Accounting for 91% of Total Revenue in Q2.
- ETORO REPORTED $ 2.09 Billion in Total Revenue in Q2, with CryptoAssets Contributing $ 1.91 Billion.
- The Company Expanding Its Crypto Offings, Planning to Tokenize US Stocks On the Ethereum Blockchain.
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