Biweekly, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed.
Lido, one of the space’s premier platforms for staking ETH and other assets, rushed to provide liquidity incentives to keep one of their products stETH (a token that represents a staked ETH position) pegged to the price of ETH. The stETH-ETH pool is the biggest LP on Curve. (DeFiant)
The popular music duo The Chainsmokers released their new album “So Far So Good,” which will include a drop of 5,000 NFTs that will let fans share in 1% of the royalties. (DeCrypt)
Germany’s federal finance ministry (BMF) issued the country’s first guidance on the income tax treatment of cryptocurrencies, as well as other blockchain-based tokens. The sale of acquired cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) is now tax-free for individuals after one year of owning the assets, Parliamentary State Secretary Katja Hessel said in a statement. Moreover, the new guidance also applies to digital assets used in staking or lending protocols. (DeCrypt)
Brazil’s NuBank just put 1% of its funds into bitcoin. Notably, Warren Buffet, who has historically criticized cryptocurrency, is an investor in NuBank. (UOL)
A viral TikTok song by two ladies singing about crypto and DeFi has been making the rounds across social media, and it’s no secret why: it’s a bop. (TikTok)
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