It Lives! Eth2 Phase 0 Begins

Plus Yearn Finance is on a DeFi acquisition streak

Happy Tuesday, Blockfolians

The Lede

Eth 2.0 is one step closer to reality today as Phase 0 kicks off with the launch of the beacon chain - something of a backbone for the new network. The beacon chains functionality is extremely limited, serving primarily to enable staking rewards for initial depositors, who contributed more than $500m worth of ETH for staking.

For those just now catching up on the developments, there are a bunch of great threads and other pieces out there. Check out this one as a for example:

While this may just be a first step, it is certainly a momentous one, so we’ll echo Vitalik in saying a big congrats to all involved.

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Highly Relevant Reading


Community Commentary

10 years since the first bitcoin mining pool!
If this doesn’t make you bullish, we dunno what to tell you

A Really Big Number We Should Be Paying Attention To

5

That’s the number of mergers by Yearn Finance as it gets set to scoop up the larger (at least by TVL) SushiSwap


Final Thought

Mr. F was here.