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🪙Uniswap V3 Officially Launches On BNB Chain To Expand Liquidity
Eventually, Uniswap officially launched on BNB Chain, Binance’s distributed blockchain network. With this extension, Uniswap users will be able to trade and swap tokens across the network by taking advantage of BNB Chain’s cheap transaction costs when compared to Ethereum. The news that Uniswap shifts to BNB Chain will improve its capacity to service all users in the Web3. The change may also give consumers more efficient and cost-effective trading choices. This eventually results in a dominant value proposition for BNB Chain and ecosystem tokens like BNB Coin (BNB). In February, more than 55 million UNI token holders voted in favor of a governance proposal by 0x Plasma Labs to implement Uniswap v3 on BNB Chain, which was approved. The proposition was brought forward because Uniswap needed to broaden its reach and perhaps stimulate additional growth and acceptance of DeFi.
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🏦 Coinbase to process ETH unstaking requests 24 hours after Shanghai update
Coinbase will begin to take unstaking requests around 24 hours after the Shanghai-Capella upgrade to the Ethereum network that will allow users to unstake ETH goes live, the exchange said on Twitter. Ethereum protocol controls the unstaking process and we’re simply the conduit,” Coinbase, said, adding “we can’t share an exact waiting period when you request to unstake. Coinbase currently provides a 6.0% APY return on staked ETH. Once unstaking requests are processed on-chain and released by the Ethereum protocol, Coinbase confirmed users will receive all their staked ETH, in addition to staking rewards accrued. While Coinbase will process withdrawal requests just a day after the Ethereum Shanghai-Capella update, staking platform Lido said it will wait until mid-May to initiate staked ETH withdrawals following the completion of on-chain code audits to ensure user safety. how long it will take the Ethereum network to process unstaking requests.
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🪙 MakerDAO voting to limit dai volatility during market emergencies
MakerDAO delegates are voting on a proposal to introduce a debt ceiling breaker for collateral assets used to mint dai — to prevent situations where the protocol's stablecoin is adversely impacted by market turbulence. The emergency vote, if passed, will enable the DAO’s governance to set the debt ceiling for any collateral type to zero. Debt ceiling in this context refers to the maximum amount of dai tokens that can be minted in exchange for a collateral asset on the Maker protocol. By setting the debt ceiling to zero, MakerDAO will be able to handle situations where the underlying collateral asset is experiencing significant market turbulence. Such a situation happened last week when USDC lost parity with the U.S. dollar amid revelations that issuer Circle held deposits at collapsing Silicon Valley Bank. Since USDC is a major collateral backing for dai, its de-pegging caused dai to also lose its dollar parity temporarily.
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🪙 Ethereum to begin final dress rehearsal today for Shapella upgrade
Ethereum developers are gearing up for the launch of the highly-anticipated Shanghai-Capella, or Shapella, upgrade on the Goerli test network later today in a final dress rehearsal before the mainnet launch scheduled for April. The upgrade will be triggered at epoch 162304 on Goerli, estimated to take place around 6:25 pm EST. The main feature of the upgrade, Ethereum Improvement Proposal (EIP) 4895, aims to enable validator staking withdrawals on the main network. The feature was turned off during Ethereum's switch to a proof-of-stake consensus in September 2022 to ensure a safe transition. Goerli will be the third and final testnet used by developers to test the Shapella upgrade. Prior to Goerli, the developers carried out multiple phases of public testing for it on the Sepolia and Zhejiang public testnets since February. Besides the withdrawals, developers have also planned three additional improvements.
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🇺🇸 SEC to vote on cybersecurity, consumer privacy rule proposals
The Securities and Exchange Commission will vote on new rules and changes to bolster requirements for cybersecurity, privacy and tech infrastructure that officials said could encompass cryptocurrencies. The five-member commission will vote Wednesday morning on issues relating to cybersecurity, the privacy of consumer financial information. The SEC will vote on whether to propose changes to require brokers-dealers, investment companies, registered investment advisers and transfer agents to tell people when they have been affected by data breaches. A current rule requires “covered firms” to let customers know about how they use their financial information, but there is no requirement now to let them know about breaches, SEC Chair Gary Gensler said. “Critically, firms would need to help customers understand how to protect themselves from harm that might result from the breach,” Gensler said.
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🟠 Binance to suspend GBP transactions as payments partner moves away
Binance will suspend GBP deposits and withdrawals after its payments partner Paysafe said it would no longer support them. The move will affect new users starting March 13 and all users on May 22, a company spokesperson said over email. Binance will ensure that affected users are still able to access their GBP balances. "Binance will ensure that affected users are still able to access their GBP balances," that spokesperson also said. The company estimates this will affect less than 1% of Binance users but is "working hard to find an alternative solution for them.". Meanwhile, users will still be able to deposit and withdraw other fiat currencies as well as buy and sell crypto on Binance.com. Binance will suspend deposits and withdrawals of GBT for new users on March 13 and all users on May 22.The company said this will affect 1% of users and is working on new solutions after its current payments partner said it would no longer provide the services.
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💰 Bitcoin Skyrockets 20% In Wake Of Bank Collapse
In a surprising turn of events, the cryptocurrency market has seen a significant surge in the value of Bitcoin. The market shows that Bitcoin has increased 20.00% within a day and is currently at $24,269. U.S. government announcing a new round of stimulus payments to citizens, many investors may be turning to cryptocurrencies as a way to protect their wealth from inflation. Another potential factor contributing to this rise in value could be the growing acceptance of cryptocurrencies among mainstream institutions. Over the past few months, a number of major companies have announced their plans to accept Bitcoin and other cryptocurrencies as payment, which could be leading to increased demand and a subsequent rise in value. While the exact cause of this sudden surge in value is still unclear, some experts believe that it could be linked to recent news surrounding the U.S. stimulus package. With the U.S. government announcing a new round of stimulus payments to citizens.
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📣 Marathon Digital says it has access to funds held at Signature Bank
Marathon Digital said it has access to $142 million in cash deposits held by Signature Bank, which was closed by state regulators on Sunday. The company said in a statement it has access to the funds for treasury management purposes and is paying all invoices in "the normal course of business.". Marathon also holds over 11,000 bitcoin. Separately, Marathon confirmed that it had no direct business relationship with Silicon Valley Bank, which was shuttered by authorities on Friday. U.S. President Joe Biden assured American citizens on Monday that the banking system is safe following the collapses. Shares of Marathon were up 11.4% as of 10:20 am ET, with most miners also rallying. Bitcoin rose 15% over the past 24 hours trading at around $23,500. Meanwhile, at least two other big miners, CleanSpark and Iris Energy, said that they had no deposits with Silicon Valley Bank or Silvergate Capital, with the latter also confirming no ties to Signature.
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🆘 Euler Finance DeFi Protocol Hacked, $197 Million Suspected Stolen
Euler Finance, a decentralized finance (DeFi) protocol that offers on-chain lending services, has reportedly been attacked. The blockchain security firm BlockSec has monitored the situation and suspects that over $197 million or more may have been stolen in the attack. The attack on Euler Finance highlights the ongoing security concerns in the DeFi space. As per the findings of MetaSleuth, the perpetrator is believed to be connected to the deflation attack that took place a month ago. The attacker leveraged the Multichain MultichainOrg bridge to move the funds from Binance Smart Chain to Ethereum and executed the latest attack today. Euler Finance completed a $32 million financing round last year, with participation from notable firms in the cryptocurrency industry such as FTX, Coinbase, Jump, Jane Street, and Uniswap. However, this growth has also attracted the attention of hackers looking to exploit vulnerabilities in the protocols.
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🪙 USDC will remain redeemable 1 for 1 with U.S. dollar, Circle says
Circle said it will resume normal operations when U.S. banks open Monday and that its flagship stablecoin USDC will remain redeemable one-for-one with the U.S. dollar after Silicon Valley Bank collapsed holding $3.3 billion of the company’s reserves. Circle said it is required to cover any shortfall caused by SVB’s failure and will seek outside financing if necessary. USDC lost its peg shortly after SVB collapsed and dropped to as low as $0.88. The company has $3.3 billion of its reserves behind the stablecoin in the failed bank, which is popular among tech firms. Regulators closed SVB on Friday and the Federal Deposit Insurance Corporation stepped in as the bank’s receiver. Circle is “hopeful” that the FDIC will seek a purchaser for SVB that will “ensure all depositors are made whole.” Returns for clients could take time, however. Circle’s stablecoin is collateralized with a combination of cash and U.S. Treasurys. Three-quarters of its collateral is made up of $32.4 billion in U.S.
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💰 Bitcoin Fear and Greed Index Drops to 2-Month Low
The index was in a greedy state until recently, but the landscape has changed. The cryptocurrency industry experienced its own set of failures last year when numerous internal companies and projects imploded, resulting in declining prices, countless bankruptcy filings, and, somewhat expectedly, lots of investor losses. The first several weeks of 2023 saw BTC finally overcoming $17,000, which propelled a mini bull run that drove the asset to and beyond $25,000 in February. After adding almost 50% in this timeframe and charting a multi-month high, the popular Fear and Greed Index skyrocketed from deep within “fear” and “extreme fear” to greed. Yet, bitcoin couldn’t double down on its positive run, even though many industry experts suggested that the bear market was finally over and BTC could go back to charting new highs. Just the opposite, the asset stalled before it dropped back down to around $22,000. More price declines came, with the possible reasons ranging from the US government.
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⚫️ Hedera Upgraded The Mainnet To Patch The Vulnerability, Working Again After The Attack
Hedera announced that the main network has been upgraded to fix the vulnerability, and the mainnet is now running normally. According to previous news, Hedera disclosed some alerts of the attack. The attackers attacked the smart contract service code of the mainnet and transferred the Hedera Token Service (HTS) held by some user accounts to their own accounts. They targeted accounts used as liquidity pools on many DEXs that switched to utilize the HTS through Uniswap V2-derived contracts, such as Pangolin Hedera, SaucerSwap, and HeliSwap. As the attackers transferred tokens gained via the hack to the Hashport Network Bridge, the Bridge operators discovered the activity and swiftly shut it down. Though Hedera disabled proxies quickly after discovering the possible attack, the team advised tokenholders to verify their account ID and Ethereum Virtual Machine (EVM) address balances on hashscan.io for their own comfort. The HBAR Foundation, Limechain, Pangolin, SaucerSwap, and HeliSwap teams.
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🪙 USDC remains at about $0.90 following Circle's disclosure of funds at SVB
The fallout from the collapse of Silicon Valley Bank spread overnight to the USDC stablecoin, which lost its peg to the U.S. dollar and dropped as low as $0.88. Following Circle's disclosure that it has $3.3 billion of USDC's reserves with the failed Silicon Valley Bank, investors scrambled to exit their USDC holdings. They swapped them into alternative stablecoins like Tether’s USDT or chose to exit the crypto market entirely into fiat, causing USDC's biggest depeg since its inception in 2018 and its market cap to fall below $40 billion — down more than 15% in the last 24 hours. Demand for USDT caused it to move in the opposite direction on some exchanges, spiking to $1.06 against the dollar at one point on Kraken. Currently, USDC is at $0.90, DAI at $0.92. Tether is keeping its peg well, while most other stablecoins are seeing minor drops from their pegs. Overnight, USDC and DAI fell as low as $0.88 before rebounding.
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🪙 Aave begins first phase of token recovery rescue mission
DeFi lending protocol Aave is set to rescue lost tokens for its users after the DAO voted unanimously in favor of commencing phase one of the asset recovery process. The first phase will focus on tokens mistakenly sent to smart contracts for AAVE, LEND, and staked AAVE tokens. These include tokens like AAVE, LEND, and stkAAVE, as well as UNI and USDT. The value of rescued tokens is about $2.18 million, according to figures provided by Aave developer Bored Ghosts Developing Lab. AAVE tokens form the bulk of the recovery in this phase with more than 29,188 AAVE and 107 staked AAVE tokens worth a total of $2.16 million. The LEND tokens recovered will be transformed to AAVE at a ratio of 100 LEND to 1 AAVE token. The recovered tokens will be sent to a distributor smart contract. Users will then be able to retrieve their lost tokens from the contract. To do so, they will have to use the same wallet address from which they initially lost them. The team said that the recovery mission will help many affected users.
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🇺🇸 Lawyer Tom Grady Is About To Make US Largest Crypto Exchanges Headaches
According to FOX Business reports, Tom Grady, a well-known securities lawyer specializing in investment fraud cases, is preparing to file a class action against the US exchanges encryption Coinbase, Robinhood, Kraken, and other companies. Grady said he launched an investigation into the exchange’s operations and its possible violations. Grady said the exchange may have misled investors by failing to provide them with improper disclosure about the risks of trading and owning unregistered cryptocurrencies.The SEC method of digital coins that the vast majority of digital coins are used for pure speculation or to conduct illegal activities such as drug sales and money laundering and that they are disconnected from the underlying blockchain technology, transacting business that is still in its early stages and is intended to provide consumers with a cheaper, safer, and more efficient payment system.
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🇰🇷 South Korea Intensifies Push To Extradite Terra-Luna Founder For Crypto Scandal
South Korean prosecutors are increasing their efforts to bring South Korean national Kwon Do-hyung, also known as Do Kwon, and five other Terraform Labs employees back to Korea to face fraud charges related to the now-collapsed Terra-Luna stablecoin. The project was developed by Terraform Labs, which is based in Singapore. Last month, the US Securities and Exchange Commission filed a lawsuit against Terraform and Kwon for allegedly defrauding investors by hosting a “multi-billion dollar crypto asset securities fraud.” The Federal Bureau of Investigation and the Southern District of New York prosecutors are also investigating former Terraform employees equally as the SEC lawsuit. Singapore police have launched their own investigation into Terraform Labs. During his podcast appearance last year, Kwon acknowledged his responsibility for the Terra project’s failure but insisted no fraud was involved.
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📶 Arbitrum’s long-awaited airdrop to go live next week, with self-executing DAO
Layer 2 project Arbitrum will airdrop a governance token with the ticker ARB to its community members on March 23. This brings Arbitrum one step closer to being fully decentralized. The token will control the governance of the Arbitrum One and Nova networks through a DAO, which will be supported by a security council, according to governance documents. “The goal of the airdrop and the goal of the token is really to give governance power over to the community members and try to identify the real community members that are active in the chain, are participating and will participate,” said Steven Goldfeder, CEO of Offchain Labs, the maker of Arbitrum, in an interview. Arbitrum’s form of governance will be a self-executing DAO. This means that governance members will be able to pass protocol upgrades that will automatically be applied on-chain. In doing so, Offchain Labs has gone for a more radical form of decentralization; one that Goldfeder reckons is absolutely necessary.
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🪙 Ethereum to begin final dress rehearsal today for Shapella upgrade
Ethereum developers are gearing up for the launch of the highly-anticipated Shanghai-Capella, or Shapella, upgrade on the Goerli test network later today in a final dress rehearsal before the mainnet launch scheduled for April. The upgrade will be triggered at epoch 162304 on Goerli, estimated to take place around 6:25 pm EST. The main feature of the upgrade, Ethereum Improvement Proposal (EIP) 4895, aims to enable validator staking withdrawals on the main network. The feature was turned off during Ethereum's switch to a proof-of-stake consensus in September 2022 to ensure a safe transition. Goerli will be the third and final testnet used by developers to test the Shapella upgrade. Prior to Goerli, the developers carried out multiple phases of public testing for it on the Sepolia and Zhejiang public testnets since February. Besides the withdrawals, developers have also planned three additional improvements.
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📉 Crypto bank Anchorage Digital cuts 20% of staff amid regulatory uncertainty, market volatility
Anchorage Digital, the only federally chartered crypto bank in the U.S., said Tuesday that it would cut about 20% of its staff amid regulatory uncertainty in the U.S., macroeconomic challenges and crypto market volatility. "The strategic adjustments we are undertaking have been developed over the course of a several months-long review process," the company said in a statement. The announcement came just days after regulators took control of crypto friendly Signature Bank and Silicon Valley Bank amid runs on deposits and questions about their solvency. While both of those institutions were chartered and regulated by state agencies, Anchorage Digital operates under the oversight of the federal Office of the Comptroller of the Currency. The bank cited regulatory uncertainty in the U.S., macroeconomic challenges and crypto market volatility. Our clients should experience no disruption in service," the company said. "We remain optimistic about the digital economy and our place within it.
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💰 Unstoppable Domains releases web3 domain names for Polygon blockchain
Unstoppable Domains released the domain ending .polygon in partnership with Polygon Labs. This will make it easier for anyone to send money over the Polygon blockchain through applications that support this service. Crypto domain names are used to replace the long alphanumeric strings that are used to identify wallets publicly. The idea is that they're easy to type and remember. While such domain services need to be integrated by crypto wallets and applications, Unstoppable Domains says it will be possible to use .polygon domains across 750 applications, games and metaverses. Those wanting to use the service must buy the domains from Unstoppable Domains, with the sale starting March 16. After the sale, the company will put premium domains, like gamer.polygon, up for sale. Web3 domains will give our community a digital identity that they fully own, so they can log into dapps.
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🇺🇸 US Department Of Justice (DOJ) Is Investigating The Failure Of TerraUSD
After the SEC, the US Department of Justice wishes to investigate the cause of the collapse of the LUNA – UST project pair in May 2022, according to a report by WSJ. The US Department of Justice has opened an investigation into the Terra cryptocurrency project (LUNA) and the stablecoin TerraUSD (UST), which also means there is a high possibility that founder Do Kwon will receive criminal charges. Since the collapse of LUNA-UST, Kwon has deliberately evaded the authorities of Singapore and South Korea with rumors that he is staying in Serbia. The authorities of South Korea, the country that ordered Do Kwon’s arrest and canceled his passport, have sent representatives to Serbia to continue the search for Do Kwon. The CEO of Terraform Labs was recently reported to be preparing to return to the cryptocurrency market with a series of new projects. While no bailout has been given to the $60 billion crypto ecosystem, the authorities are determining whether those investment funds are a manipulative market.
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📣 DeFiance Capital completes first close of $100 million liquid token fund
DeFiance Capital completed the first close of a new $100 million liquid token fund by raising "eight figures" in the process, two sources with direct knowledge of the matter told The Block. While that could mean anything between $10 million and $99 million, the initial raise came in under $50 million, said one of the sources. The fund has raised “eight figures” and began investing this month. The Block first reported in September that DeFiance was seeking $100 million for a liquid token fund and that almost half the amount had been committed. Some of those commitments were reduced after the FTX exchange collapsed in November, but the fund still managed to close the first tranche and began investing this month, the source said. "A good mix of investors" backed the vehicle, including crypto funds of funds, family offices and some of DeFiance's existing investors, the source added.DeFiance Capital was founded in 2020 in Singapore by Cheong, a popular crypto personality with over 145,000 Twitter followers.
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🟠 Binance converting $1 billion in BUSD to bitcoin, ether and BNB
Binance CEO Changpeng Zhao announced on Twitter that the foremost crypto exchange would convert the approximately $1 billion remaining from its Industry Recovery Initiative funds to native crypto assets — precisely, bitcoin, ether and BNB. The cryptocurrencies will be purchased using the exchange's dollar-pegged stablecoin, BUSD. The $1 billion conversions to native crypto assets come amid a banking crisis that captured the United States' attention over the weekend. Last night, the New York Department of Financial Services seized what was widely considered the last crypto-friendly bank, Signature Bank, citing systematic risks — effectively cutting the crypto industry off from banks in the country. "Took 15 seconds and costs $1.29," CZ tweeted, citing a movement of funds worth over $980 million. "Imagine moving $980 million through a bank before banking hours on a Monday."
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💰 Shibarium To Launch PUPPYNET, A Low-Cost Platform For DApps
Shibarium, a decentralized layer 2 blockchain, has launched an early beta test of its network called PUPPYNET. The network aims to provide a low-cost and flexible platform for developers to build decentralized applications (DApps), integrate them into real-life businesses, and power various projects with it. While anyone can build on the Shibarium Network, the platform offers additional support to individuals, businesses, and projects that fill out the Shibarium Technology intake form. The team will provide documentation for individuals interested in becoming validators in the coming weeks. To avoid falling prey to scams, Shibarium has warned users that all tokens on PUPPYNET are not real, and it is not advisable to spend any hard-earned Shib on them, regardless of how convincing the shills may sound. Shibarium has two Twitter accounts (shibariumnet & shibariumtech), which work in tandem to give Shibarians an outstanding experience.
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📣 Blockchain.Com Quits Asset Management After Less Than a Year: Report
The startup’s asset management division, BCAM, announced its plans to wind down due to market conditions. Following years of growth, the company decided that 2022 was the year they would expand into asset management services. Unfortunately, the years of experience did not save the firm from the bear market. Blockchain.com, which was worth about $14 billion when BCAM was launched, created the asset management service in collaboration with Altis Partners. The service was geared towards high-net-worth individuals and institutional investors and upsold the idea of investing in cryptocurrency with less risk due to “algorithm-based risk-managed exposure” – a string of words that don’t mean much, considering all trades, crypto or not, are done using algorithms. Margin calls, for instance, are technically based on an algorithm that reduces the risk for the broker.
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📣 Judge Worried About Bankman-Fried’s Bail Conditions Are Too Light
According to a Friday Reuters article, a federal court does not believe suggested amendments to Sam Bankman-Fried’s bail terms would be sufficient to manage the disgraced FTX founder’s problematic internet activity while awaiting trial.The judge voiced alarm about the plan, implying that Bankman-Fried was “inventive” and may discover methods to circumvent the limits and connect with others online in secret. The United States District Court for the Southern District of New York’s Lewis Kaplan suggested that Bankman-Fried be barred from using cellphones, tablets, laptops, and any video gaming platforms or devices that enable chat and voice contact. According to the proposal, Bankman-Fried’s communication should be confined to a flip phone or other non-smartphone with no internet or internet capabilities deactivated. Bankman-Fried is battling to avoid prison until his Oct. 2 fraud trial, with Kaplan concerned that the former millionaire was pushing the boundaries of his $250 million bail package. At today’s hearing, Kaplan described Bankman-Fried as “inventive.”.
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🪙 Developers will be free to fork Uniswap v3 protocol after BSL expires on April 1
The open-source protocol for Uniswap's version 3 (v3) will become completely free to be forked by developers after the current Business Source License (BSL) expires on April 1, according to official documentation. This Uniswap v3 protocol allows liquidity providers to specify a price range within which they are willing to trade. Uniswap v3, developed by Uniswap Labs, is a decentralized exchange protocol that enables users to trade crypto tokens without relying on a centralized authority. The BSL license for Uniswap v3 was released in 2021, allowing free non-commercial and non-production use of the code. Still, its production use requires an Additional Use Grant designed to balance the interests of open-source developers and commercial users. The BSL license will expire two years after its launch, on April 1, after which the code will become fully open source and available for anyone to use without restrictions.
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📊 Top 50 cryptocurrencies' volatility is 'predictable' and digital assets behave more like equities
Authors of perhaps “the most exhaustive study” ever done on the volatility of cryptocurrencies say they can now more accurately predict the intense swings gripping the digital-asset market.The Risk Protocol — billed as a digital-assets investment platform — on Thursday released a 44-page report evaluating the volatility among the world’s 50 “largest” cryptocurrencies. The Risk Protocol Founder and CEO Karamvir Gosal says his company’s report can help investors and institutions alike hedge future risk, even during crypto’s recent downturn, which has been riddled with turmoil and crisis. After a spectacular bull run, the digital-asset market has entered an era of severe instability. The current market has been made worse by a series of bankruptcies and liquidity crises and cooling crypto interest among individual investors and traditional institutions. The Risk Protocol’s report embraces the volatile nature of cryptocurrencies and by extensively evaluating the top 50.
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🪙 Uniswap V3 To Deploy On Avalanche Will Open Voting On March 12
The Uniswap community’s proposal on deploying Uniswap V3 on Avalanche has been published on the chain and will be voted on the chain from March 12 to March 17. Previously, Uniswap V3 applied for a 2-year copyright commercial protection for its core code before it went live on the Ethereum mainnet on May 5, 2021. The protection period will officially end on April 1. Uniswap stated that its copyright protection restrictions could be changed through protocol governance, and it can be transferred from Business Source License 1.1 (BSL) to GPL license in advance through governance. To simplify cross-chain message transfer between Ethereum and Avalanche, Uniswap suggests employing LayerZero, an omnichain bridging solution. LayerZero already supports both Avalanche and Ethereum. Previously, Uniswap DAO also approved a proposal to support the deployment of Uniswap V3 on the BNB Chain.
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🪙 Ether.fi’s Mainnet Launch For ETH Delegated Staking In April
ether.fi is a non-custodial, decentralized staking protocol that offers stakeholders complete control over their assets while leveraging the power of permissionless decentralization. The protocol offers a secure and seamless delegated staking service that provides higher returns and lower costs through innovative revenue streams. The launch of ether.fi will occur in three phases. Phase 1 will take place in April and will involve the protocol going live on the mainnet with ETH delegated staking following Shanghai. Phase 2, which is scheduled for Q2 23 or Q3 23, will see the eETH liquidity pool go live. Finally, Phase 3 is scheduled for Q4 23 or Q1 24, and will involve the launch of the Permissionless Node Marketplace. In Phase 1, ether.fi will release a desktop app for delegated staking via an auction mechanism. The staking rewards and unstaked ETH can be withdrawn, and the protocol will offer transferrable NFTs.
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