Aave, the popular lending and borrowing protocol, has actually just paused ETH borrowing because of this massive demand. The borrowing has been so excessive that some protocols are making moves to limit how much can be doled out.
That’s because after the merge, Ethereum will no longer need mining machines to maintain itself, leaving many mining operations out in the cold.Īnd while Guo attempts to rally the mining troops to execute their fork, degens are borrowing tons of ETH in hopes of also enjoying a windfall of the forked coin (which will apparently carry the ticker ETHPoW). If that were to happen, it would mean that anyone holding ETH at the time of the fork would also earn another airdropped token for the new chain.įor those who were trading crypto back in 2017, you’ll remember that Bitcoin holders earned free Bitcoin Cash (BCH), Bitcoin Gold (BTG), and even something called Bitcoin Diamond (BCD) thanks to various forks of the original cryptocurrency.Ī well-known Chinese crypto miner Chandler Guo is currently leading the charge for an Ethereum proof-of-work fork.
#ETH DEFI COINS CODE#
Bounty hunters are on the lookout for any bugs in the code blockchain firm ConsenSys is launching so-called "sustainable" NFTs to celebrate the occasion and crypto exchanges are making room for another potential fork of the Ethereum blockchain.ĭeFi degens are also keeping a close eye on any possible fork.
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