To the DeFi community, This week, Optimism raised $150 million in a Series B round that valued the Ethereum scaling solution at $1.65 billion. Optimism says they’ll continue improving the protocol to reduce transaction fees, including by adding additional developer talent to the team. After over a year on mainnet, our milestones keep adding up: … Read more
To the DeFi community, This week, Ethereum L2 solution Arbitrum finally launched with a fresh $120 million from a series B funding round led by Lightspeed Venture Partners. The differences between Arbitrum and competitors like Optimism are subtle, but in general Arbitrum is likely to have cheaper transaction fees long term, and will function more … Read more
Coinbase has announced its very own browser extension for its Coinbase Wallet, which will enable users to connect to decentralized applications (DApps) in a Metamask-like fashion. The new extension is expected to vastly improve user experience for the wallet’s one million users when using their favorite DeFi applications, such as Uniswap and Compound. Until now, … Read more
Adam Bavosa Jul 16, 2020 · 5 min read Compound’s governance system is powered by COMP token, which is distributed to users of the protocol. COMP token holders receive voting power on a 1–1 basis to the amount of COMP held; this voting power can be delegated to any address, and then can be used … Read more