ArkotNews

The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.

Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals.

The document proposes more tax reforms, clearer accounting standards and a DAO law.

Washington’s “war on crypto” continues to occupy minds in the crypto industry. This week, CoinDesk Chief Content Officer Michael Casey tackles the apparent rise in hostility from U.S. regulators from a different angle: revenge.

The upgrade may in time attract a new group of investors, Brian Mosoff, said.

Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle.

“We believe it is time to take this model to the next level and supercharge CAKE towards a deflationary model based on real yield and CAKE burn,” a blog post said.

The change improves support for exchanges and may bring faster development, Avalanche says.

LI.FI partnered with risk cover protocol InsurAce to provide protection for users who are bridging their cryptoassets from one blockchain to another.

There’s value in crypto, especially layer 1 protocols, even if regulators and politicians don’t dig enough to see it.