#staking

Binance has introduced its new Web3 wallet, offering compatibility with thirty different blockchains and a range of standard features (trading, staking, and NFTs). The company's objective is to compete with well-established applications like MetaMask and Trust Wallet, although the latter is already part of the exchange’s portfolio.

Migration to POL should be undisturbing for all - a promise Polygon aims to keep for its developers and users. Reimagining the MATIC token, they propose it to function both as gas and as the main token within the Polygon environment. And yes, POL staking is on the table. Continuity is key: the redefined POL token's code will preserve its features, safeguarding compatibility. The grand finale, Polygon 2.0's definitive update, is slated for a next-year debut.

Coinbase, the cryptocurrency exchange, has joined forces with Peoples Trust Company. This collaboration facilitates access to the Interac e-Transfers system, streamlining deposit and withdrawal processes for its Canadian user base. What's more, they're gifting users a one-month free gateway into the Coinbase One subscription. This means no trade-related fees, amplified staking profits, and swift client support. "Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework," voiced Nana Murugesan, the International Development VP at Coinbase.

The proposal initially outlined a tiered system for token allocation, offering options of 1%, 1.5%, or 1.75% of the total 10 billion ARB supply as staking rewards.

JPMorgan’s research report reveals that Ethereum has witnessed a surge in ETH staking following the Merge and Shanghai upgrades. However, this growth comes at a cost: increased centralization and reduced overall staking yields.

The community of Terra Luna Classic has dismissed the USTC Repeg team's request for funding. Voting outcomes showed 45% in support, 43% objecting with veto power, and 11% rejected it outright. Even though 11 of the 17 validators were in support, the proposal failed to gain traction with the general public. The request was for 285 million LUNC ($20,000) to refine an instrument for the USTC Incremental Repeg Buybacks & Staking Swaps algorithm.