News – Archive

The governance token ApeCoin ($APE), launched by the well-known Bored Ape Yacht Club (BAYC) NFT project, can now be traded on the open market. The $APE token has sparked a huge wave of adoption since its initial launch, with APE rising to the CoinGecko ranking of the most traded tokens by volume at the time of publication. Just eight hours after APE debuted on the open market, it had already reached the #110 positio…

Ethereum’s transition from Proof-of-Work to Proof-of-Stake is officially underway, with a successful test of the chain merger between the Eth2 Beacon Chain and the Ethereum mainnet. Together, these two chains will form the foundation of Eth2, which will include Ethereum moving away from energy-intensive mining and adopting more sustainable consensus methods. On March 15, the Ethereum Foundation announced that the merger had be…

Terra’s native stablecoin, $UST, is used as the basis for Anchor, a decentralized return protocol that provides users with a fixed annual return of approximately 20% on deposits made to UST. During the first week of February, a governance proposal called for the Luna Foundation Guard (LFG) to inject $450 million into the Anchor yield pool to keep yields high. This caused problems to the protocol. Due to recent downward pressure i…