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The Amount Of Ether In DeFi Is On The Decline, Possibly Due To Ethereum 2.0 Deposit Contract
Summary: The amount of Ether locked in DeFi is declining, falling from 8.9 million to 7.7 million ETH as of writing, according to DeFi Pulse. Managing partner for investment firm Tellurian Capital, Jean-Marc Bonnefous, told Coindesk that Ether may be moving out of DeFi because of Ethereum's ambitious Ethereum 2.0 project. He suggested that users may be ...
The amount of Ether locked in DeFi is declining, falling from 8.9 million to 7.7 million ETH as of writing, according to DeFi Pulse.
Managing partner for investment firm Tellurian Capital, Jean-Marc Bonnefous, told Coindesk that Ether may be moving out of DeFi because of Ethereum's ambitious Ethereum 2.0 project. He suggested that users may be moving Ether from DeFi into the mainnet contract for Ethereum 2.0 which has a minimum deposit needed to enable the launch.
“There is the need to find another 400,000 ETH to fill the first phase of staking into ETH 2.0 by the end of November,” said Bonnefous. “So this might explain some of the leakage out of DeFi."
By Emily Mason
Tags: DeFi,ETH,Ether,Ethereum,Ethereum 2.0,Tellurian Capital
Link: The Amount Of Ether In DeFi Is On The Decline, Possibly Due To Ethereum 2.0 Deposit Contract [Copy]
