Ethereum Allocates $120 Million to DeFi Protocols
Ethereum allocated $120 million to the DeFi Aave, Compound and Spark protocols to meet operational challenges and strengthen community trust.
Ethereum
Ethereum is a decentralised, open-source blockchain platform that allows developers to create and deploy smart contracts and decentralised applications (dApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum offers more than just cryptocurrency transactions as it provides a programmable blockchain where users can create complex, autonomous contracts without the need for intermediaries.
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