Coinbase Ventures has joined the oracle DAO of liquid staking protocol Rocket Pool (RPL). Thus, the investment arm of one of the largest centralized exchanges will receive a share of the rewards dedicated to Rocket Pool’s Oracle DAO.
Coinbase collaborates with Rocket Pool
Coinbase Ventures is collaborating with liquid staking protocol Rocket Pool. In this context, Last Friday, the investment arm of one of the largest centralized exchanges by trading volume joined Rocket Pool’s Oracle DAO (oDAO), a group of authorized private node operators performing extra duties for the protocol.
This way, Coinbase Ventures will receive a share of 15% of the total RPL inflation generated during each bounty period dedicated to Rocket Pool’s Oracle DAO. RPL, the native token of the Rocket Pool ecosystem, which provides direct incentives, insurance and governance for the protocol, was stable at $43 to $44 in April, according to CoinMarketCap, according to a blog post. At press time, the altcoin was trading at $42.91, down 0.75% on a daily basis.
Additionally, rETH, the staking derivative of Rocket Pool, has a premium against ETH: on Uniswap, 1 rETH is exchanged for 1,07295 ETH at press time.
Rocket Pool community happy with improvement
cryptocoin.comEarlier this year, Rocket Pool founder David Rugendyke announced that Coinbase Ventures has invested in the staking platform. The recent involvement of Coinbase Ventures in Rocket Pool’s oDAO comes at a time when many in the crypto space are preparing for the Shanghai hard fork of Ethereum, which will make it possible to withdraw ether for the first time on April 12.
on Discord [object Object] A nicknamed Rocket Pool node operator said that they welcome Coinbase Ventures as a member of the Oracle DAO. However, he added this response: “Personally, I would like to see more non-US-based organizations in oDAO in the future. In its current form, it is based in the 8/18 oDAO member USA.”
85,000 RPL stolen in phishing attack
Crypto phishing and scam attacks are thriving as more investors lose massive amounts of funds. Recently, on-chain data tracker Lookonchain reported a phishing activity affecting wallet ‘poapxyz’.
Lookonchain revealed that Fake_Phishing66321, a phishing wallet, transferred approximately RPL 85,898 from the investor’s wallet in a scam transaction. Lookonchain posted a screenshot detailing the phishing attack that took place in two transactions. The first transaction scammed 64,423 RPL, while the second received around 21,474 RPL tokens. According to data analysis, the combined value of the stolen Rocket Pool was $3.83 million, with a gas fee of $6 for the entire transaction.
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