This week, we continue the conversation about Ethereum miners and how they’re preparing for changes to the reward dynamics of the network. Also, we take a look at what other asset types are popularly used on decentralized finance (DeFi) applications beyond ether (ETH).
Welcome to another edition of Valid Points.
This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here.
Pulse check: ETH locked in DeFi
The amount of ETH locked in DeFi applications declined 11.5% during the second quarter. Notably, the total dollar value of all crypto assets under management in DeFi apps remained steady over the same time period, which indicates a rise in other asset types such as stablecoins or governance tokens for DeFi collateral and liquidity.