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EcoFi

ECO
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News

Congress Proposes AI Kill Switch Legislation

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Congress members propose the AI Kill Switch Act to give the federal government authority to shut down AI models.
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Emily Carter

Frax Governance Discusses Proposal for Early Redemptions from Locked Ethereum Pools

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Frax governance is discussing a proposal for early redemptions from locked Ethereum pools with a 4% penalty fee directed to the Frax treasury.
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Tomas Novak

Frax Governance Proposes Morpho Lending Market for bdUSD and frxUSD

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Frax governance is discussing a proposal to create a Morpho lending market for bdUSD and frxUSD to enhance stablecoin liquidity and borrowing demand.
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Katerina Papadopoulou

EigenLayers Forum Engages in ELIP018 Proposal Discussion

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The EigenLayers forum is currently engaged in a debate over the draft proposal ELIP018, which introduces a framework known as RETIRE, aimed at providing a terminal exit route for restakers.
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Maya Lundqvist

What is EcoFi?

EcoFi is an open-source, permissionless, and censorship-resistant protocol built to power safe and responsible innovation in the Decentralized Finance (DeFi) space. The EcoFi protocol is designed to equitably disburse value among system participants through a unique infrastructure hinging on infinite scarcity, made possible due to the unique mechanics of EcoFi's distribution mechanism. This is achieved by staking ECO tokens through the EcoFi protocol to mint SPRT tokens. SPRT tokens can be used to purchase digital goods from an ecosystem connected to the EcoFI Platform comprising numerous marketplaces. The first such marketplace will be the HyperObject FINE ART NFT Gallery, a one-of-a-kind digital art gallery featuring FINE ART NFTs backed by distinct physical editions. Once the marketplace is sufficiently stable, EcoFi will transition to a DAO governance model.

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