EcoFi

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News

MEV Bot Foils Kelp DAO Exploit Attempt

An MEV bot named Yoink intercepted an exploit transaction targeting Kelp DAO's rsETH vault, preventing a theft of approximately $77 million.
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Luis Flores

Kamino Finance Appoints Michael Weisz as CEO to Expand into Institutional Lending

Kamino Finance has appointed Michael Weisz as its new CEO to enhance its focus on US and institutional lending markets.
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Arif Mukhtar

New Debate on Zcash Developer Fund's Future

A new argument has emerged within the Zcash community regarding the future of its developer fund, with calls for it to expire after 2028.
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Maria Gutierrez

Hyperliquid Introduces Manual Borrowing for Enhanced Trading

Hyperliquid has launched a manual borrowing feature that allows users to borrow spot USDC and USDT against collateral positions, including HYPE and Bitcoin.
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David Robinson

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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