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


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.