MetaMask Launches Pooled Staking for ETH

Hi NoRamp Community,

Daily News:

1) MetaMask Launches Pooled Staking for ETH

2) Polygon Community Treasury Announces Grants Program

3) Uniswap Labs is Acquiring Crypto: The Game

4) Symbiotic Aims to be the Uniswap of Shared Security

5) Checkout.com Names Revenue Head as New COO

MetaMask Launches Pooled Staking for ETH:

• Consensys launched MetaMask Pooled Staking, allowing users to stake any amount of ETH with no minimum requirement, flexible unstaking, and easy tracking of balances and rewards. The service uses StakeWise’s open modular architecture and is initially available outside the US and UK, with plans to expand once regulatory clarity is achieved.

• The initiative aims to include more users in staking, highlighting that 99% of ETH holders have less than 32 ETH and 74% of ETH is not currently staked. The service makes staking accessible to smaller holders, contributing to Ethereum’s decentralization and security.

• Supported by Consensys Staking, which boasts over 33,000 validators and more than 1 million ETH staked, MetaMask Pooled Staking offers an easy way for users to stake ETH in enterprise-grade validators while maintaining full control of their assets.hances of receiving a Zyfi token airdrop with each transaction.

Polygon Community Treasury Announces Grants Program:

• The Polygon community treasury has unveiled a decade-long plan to boost blockchain development by unlocking 1 billion tokens, with approximately 100 million POL tokens available annually for builders. POL will eventually replace MATIC as Polygon's native token.

• Starting Tuesday, builders can apply for "Season 1" of the program, which will distribute 35 million MATIC (about $22 million) to projects on Polygon. The application deadline for this initial phase is August 31, 2024, with grants ranging from 5,000 to 50,000+ MATIC.

• The Polygon Community Treasury operates independently from Polygon Labs and other entities, aiming to provide ongoing economic support for the Polygon ecosystem's development and growth through a community-governed framework.

  

  Source: Uniswap

Uniswap Labs is Acquiring Crypto: The Game:

• Uniswap Labs has acquired Crypto: The Game (CTG), an interactive onchain survival game. The CTG team will join Uniswap Labs to work on Season 3 and explore onchain activations for the Uniswap community.

• This year, Uniswap Labs launched UniswapX, submitted v4 for security audits, launched the Uniswap Wallet, and added support for more chains. The acquisition of CTG aligns with their goal to enhance onchain experiences for users.

• Season 3 of CTG is in development, promising new themes, twists, and onchain features. Fans can stay updated through CTG's Twitter and Farcaster, as well as Uniswap's Twitter for product updates and news.

Symbiotic Aims to be the Uniswap of Shared Security:

• Symbiotic, a new shared security protocol, launched today, allowing networks to customize staking implementations including collateral assets, node operator selection, and rewards/penalties, with Ethereum as its coordination layer. It aims to offer high flexibility and control to network builders, operating as a permissionless and immutable protocol without a native token.

• Symbiotic, co-founded by Misha Putiatin and Algys Ievlev, was developed by the team behind Statemind and has raised $5.8 million in seed funding from Paradigm and cyber•Fund. The protocol is designed to be neutral and modular, accepting any token as collateral and enabling networks to adapt to specific security needs and stages of decentralization.

• The protocol’s architecture is deliberately minimalist, ensuring its functionality even if the creators are no longer available. Symbiotic will launch with partners like Ethena, LayerZero, and Hyperlane, with the mainnet expected to be operational for some networks by the end of the summer. The goal is to make it safer and easier for networks to launch on shared security, reducing the need for native tokens and decentralization compromises.

Checkout.com Names Revenue Head as New COO:

• Checkout.com has appointed Jenny Hadlow as its new chief operating officer, replacing Céline Dufétel who is leaving for personal reasons. Hadlow, previously heading the revenue operations team, brings a unique perspective on managing global demand and service delivery.

• The leadership change follows a turbulent period for Checkout.com, which saw its valuation drop from $40 billion in early 2022 to $11 billion later that year. The company also reported a $126 million loss for its British business due to reduced consumer spending, higher inflation, and the impact of Brexit.

• Founded in 2012, Checkout.com has evolved from a cloud-based payments platform to a merchant account provider specializing in international payments for eCommerce and crypto companies. Recently, it partnered with Mastercard to offer virtual cards to online travel agents, aiming to reduce costs and improve payment efficiency for travel businesses.

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