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Aave, Radiant Among Firms Adopting Balancer’s 8020 Initiative for Tackling Lack of Liquidity in DeFi

Altszn.com by Altszn.com
July 6, 2023
in Blockchain, Crypto, DeFi, Web3
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Aave, Radiant Among Firms Adopting Balancer’s 8020 Initiative for Tackling Lack of Liquidity in DeFi
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In order to participate in protocol governance at the moment, token holders must stake the protocol’s native token, which reduces the circulating supply and capital on decentralized exchanges. Under the new model, holders can stake Balancer Pool Tokens (BPTs), allowing them to take part in governance proposals while the underlying protocol’s token remains in the pool to provide liquidity to swaps.

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Read More: www.coindesk.com

Tags: AaveadoptingamongBalancersDeFiFirmsInitiativeLackLiquidityRadiantTackling
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    • wrapped-eethWrapped eETH (WEETH) $ 2,606.85
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999451
    • hedera-hashgraphHedera (HBAR) $ 0.144271
    • moneroMonero (XMR) $ 314.28
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    • daiDai (DAI) $ 0.999890
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • aptosAptos (APT) $ 4.68
    • okbOKB (OKB) $ 50.15
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bittensorBittensor (TAO) $ 318.17
    • jito-staked-solJito Staked SOL (JITOSOL) $ 173.14
    • nearNEAR Protocol (NEAR) $ 2.07
    • internet-computerInternet Computer (ICP) $ 4.72
    • crypto-com-chainCronos (CRO) $ 0.080824
    • ethereum-classicEthereum Classic (ETC) $ 16.17
    • susdssUSDS (SUSDS) $ 1.06
    • bitcoinBitcoin (BTC) $ 107,183.00
    • ethereumEthereum (ETH) $ 2,439.70
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.15
    • bnbBNB (BNB) $ 643.81
    • solanaSolana (SOL) $ 142.83
    • usd-coinUSDC (USDC) $ 0.999849
    • tronTRON (TRX) $ 0.271355
    • dogecoinDogecoin (DOGE) $ 0.159744
    • staked-etherLido Staked Ether (STETH) $ 2,438.76
    • cardanoCardano (ADA) $ 0.555529
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,020.00
    • hyperliquidHyperliquid (HYPE) $ 37.56
    • wrapped-stethWrapped stETH (WSTETH) $ 2,938.27
    • bitcoin-cashBitcoin Cash (BCH) $ 494.01
    • suiSui (SUI) $ 2.64
    • chainlinkChainlink (LINK) $ 13.06
    • leo-tokenLEO Token (LEO) $ 9.00
    • stellarStellar (XLM) $ 0.235964
    • avalanche-2Avalanche (AVAX) $ 17.24
    • usdsUSDS (USDS) $ 0.999677
    • the-open-networkToncoin (TON) $ 2.81
    • whitebitWhiteBIT Coin (WBT) $ 47.43
    • shiba-inuShiba Inu (SHIB) $ 0.000011
    • wethWETH (WETH) $ 2,441.96
    • litecoinLitecoin (LTC) $ 84.44
    • wrapped-eethWrapped eETH (WEETH) $ 2,606.85
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999451
    • hedera-hashgraphHedera (HBAR) $ 0.144271
    • moneroMonero (XMR) $ 314.28
    • ethena-usdeEthena USDe (USDE) $ 0.999937
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    • polkadotPolkadot (DOT) $ 3.29
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,105.00
    • pi-networkPi Network (PI) $ 0.556686
    • uniswapUniswap (UNI) $ 6.83
    • pepePepe (PEPE) $ 0.000009
    • aaveAave (AAVE) $ 254.54
    • daiDai (DAI) $ 0.999890
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • aptosAptos (APT) $ 4.68
    • okbOKB (OKB) $ 50.15
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bittensorBittensor (TAO) $ 318.17
    • jito-staked-solJito Staked SOL (JITOSOL) $ 173.14
    • nearNEAR Protocol (NEAR) $ 2.07
    • internet-computerInternet Computer (ICP) $ 4.72
    • crypto-com-chainCronos (CRO) $ 0.080824
    • ethereum-classicEthereum Classic (ETC) $ 16.17
    • susdssUSDS (SUSDS) $ 1.06