As Staked Ethereum (stETH) Slumps, MakerDAO Adopts An Alternative

DeFi giant MakerDAO on Friday approved a proposal to adopt an alternative to Lido-Staked Ethereum (stETH) as collateral, following the token’s de-peg. In a governance proposal that saw 64% approval by the MakerDAO community, the platform approved Rocket Pool ETH (rETH) as a new vault type, or collateral. rETH behaves similarly to stETH, in that

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