Close to $10 billion — or roughly 3.2 million Ether tokens — has been deposited on decentralized finance (DeFi) platform Lido Finance in preparation for a revamp of Ethereum.
As Bloomberg reported Friday (April 15), the long-gestating software upgrade — known as the Merge and planned for later in the year — is designed to provide sweeping cuts in energy use, improve performance and provide greater returns on the popular blockchain.
Read more: Ethereum 2.0 Project Enters Final…
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