Defi, Kraken companies donate $ 1.5 million to develop ethereum 2.0

A number of companies working in the decentralized financial industry (Defi) and Kraken crypto exchange have donated to the ethereum collective called ethereum 2.0 to a development team for open source technical updates.

Defi is a crypto industry that wants to replace traditional banks and financial services with code rules and smart contracts. Borrowing, borrowing and trading of derivative financial instruments have been the most commonly reported reasons for use.

Since most of these projects are based on Ethereum, companies participating in Defi are clearly interested in the success of network number two.

“We believe it is our duty to give something back to the provider of the next generation of open source encryption space,” Jesse Powell, CEO and co-founder of crack, said in a prepared statement. “that’s why we’re excited to work with the Ethereum Foundation to ensure that developers receive funding from an increasingly broad range of stakeholders,” he added.

Kraken will donate a total of $ 250,000. According to the Kraken representative, the grant ” was created in conjunction with five other crypto companies. The total amount is $ 1.5 million.& quot;

These crypto companies include: comprehensive grants, Lido, Synthetix, graphics Foundation and uniswap grants.

“We believe that collaborative efforts and support are the most sustainable way to benefit Ethereum in the long term. These collaborative efforts to support teams and developers who support a variety of ethereum customers are not only effective, but an excellent example,” Aya Miyaguchi, executive director of the Ethereum Foundation, said in a prepared statement.

Donation To Ethereum Kraken
The Kraken funds will be given to developers working with customers who support ethereum software, including Best, Erigon, Geth, Nethermind and Nimbus, according to the press release.

To date, Kraken claims to have distributed more than 800,000 ETS ($2.6 billion) to protect its customers ‘ chain of signs

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