DeFI News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase Ventures recently decided to increase its involvement with a liquid staking protocol known as Rocket Pool. It also joined Rocket Pool’s Oracle DAO (oDAO), which is a group of special node operators in the protocol ’s ecosystem who are in charge of performing certain extra duties for the project. NEW: Coinbase Ventures Joins Rocket Pool’s Oracle DAO $RPL — Altcoin Daily (@AltcoinDailyio) April 4, 2023 Coinbase Ventures itself is the investment branch of Coinbase — the largest centralized cryptocurrency exchange by trading volume in the United States. Its decision to join Rocket Pool and its Oracle DAO will allow it to receive a share of the 15% of total RPL inflation produced during each reward period. .@cbventures is one vote away from being added as a @Rocket_Pool oracle DAO node. I'm very excited to have Coinbase Ventures as an industry participant on the oDAO...

Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions. The FTX bankruptcy has sent the crypto space into a downward spiral, and the crypto space is still buzzing to get all the details that led to this situation. Numerous reports have popped up, and the bankruptcy hearings bring new information daily. Considering the extent of FTX’s involvement in the global crypto space now is the time to take a hard look at what happened and draw some valuable lessons. One thing is very clear from the start - what brought the exchange giant down was overallocation in low-liquidity tokens, mainly its own FTT cryptocurrency. While FTX specifically could get away with having tonnes of FTT on its balance sheets, sister company Alameda Research couldn’t get off the hook so easily. On the one hand, it was extremely suspicious that the two companies had such close ties, which was often questioned in the media and across the general crypto grapevine....