EcoFi

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News

Bank of England to Accept Applications for Systemic Stablecoins

The Bank of England is preparing to accept applications from stablecoin issuers, treating them as a new form of money.

Tomas Novak

25 minutes ago

Bitcoin Retail Investor Demand Surges Back into Positive Territory

Bitcoin retail investor demand has rebounded significantly, indicating renewed interest after a previous decline.

Katerina Papadopoulou

an hour ago

Santiment Updates Ethereum Development Activity Rankings

Onchain analytics firm Santiment has shared updated rankings of Ethereum-based projects, focusing on Development Activity, which measures the work done by developers on public GitHub repositories.

Maya Lundqvist

2 hours ago

Ethereum Open Interest Surges Despite Price Drop

Ethereum Open Interest has surged, indicating new positions in the derivatives market despite a decline in ETH spot price.

Leo van der Veen

2 hours ago

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.