DeFi

The EOS mainnet is now supported by <a href="https://www.ceffu.com/" target="_blank" rel="noopener noreferrer nofollow">Ceffu</a>, Binance’s institutional custody partner, according to a recent announcement from the EOS Network Foundation (ENF). Through <a href="https://www.binance.com/" target="_blank" rel="noopener noreferrer nofollow">Binance’s</a> MirrorX integration, this cooperation offers institutional-grade custodian services while opening up additional CeDeFi prospects for holders of EOS tokens.
Institutions may use multi-party computation (MPC) and customizable&nbsp;approval schemes&nbsp;to securely safeguard their EOS assets using Ceffu’s advanced&nbsp;custody infrastructure. Institutional fund managers may implement CeDeFi strategies that combine the greatest features of the DeFi and CEX worlds by using <a href="https://www.ceffu.com/solutions/mirrorx" target="_blank" rel="noopener noreferrer nofollow">MirrorX</a>. Holders of EOS tokens have access to cutting-edge yield solutions designed to meet institutional requirements by using Binance’s liquidity and advanced&nbsp;trading mechanisms.
Offering custody and liquidity solutions that are SOC2 Type 1 &amp; Type 2 affirmed and ISO 27001 &amp; 27701 certified, Ceffu is an institutional-grade, compliant custody platform. Ceffu’s safe entry to a variety of liquidity products inside the ecosystems of other exchanges may also be advantageous to institutions. Through MirrorX, our off-exchange settlement option, institutions may also take advantage of Ceffu’s safe entry to the biggest cryptocurrency exchange in the world.
The inclusion of EOS in the Coinbase COIN50 Index, a global&nbsp;benchmark that includes the top 50 digital assets listed on the Coinbase Exchange, demonstrates the ecosystem’s increasing appeal to institutions. This honor highlights EOS’s standing as a top blockchain platform and a significant participant in the evolving&nbsp;cryptocurrency market.
Yves La Rose, Founder &amp; CEO, EOS Network Foundation stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Ceffu’s integration with EOS represents an important step in building the infrastructure necessary to support institutional engagement at scale. By partnering with Ceffu, we are creating new pathways for institutions to securely participate in the EOS ecosystem and benefit from its evolving opportunities.”
</blockquote>
Due to community-approved tokenomics changes, EOS has seen notable performance gains. The implemented Unicove <a href="https://unicove.com/en/eos" target="_blank" rel="noopener noreferrer nofollow">portal</a>&nbsp;streamlines the onboarding process and enhances user experience, and the new tokenomics <a href="https://eosnetwork.com/resources/a-new-era-in-eos-tokenomics-part-ii/" target="_blank" rel="noopener noreferrer nofollow">strategy</a>&nbsp;includes a separate funding&nbsp;bucket for middleware. Furthermore, a staking rewards program that has been in operation for more than five months and has distributed $450 million in EOS has quadrupled the number of EOS staking participation&nbsp;and extended the token lockup period from 4 to 28&nbsp;days. Together, these tokenomics initiatives fortify the EOS ecosystem, demonstrating its increasing resilience and allure.
The EOS VM, a low-latency, highly performant, and flexible WebAssembly engine for deterministic execution of almost feeless transactions, powers the third-generation blockchain platform known as the EOS Network. It was created specifically to provide the best possible Web3 user and developer experiences. The Antelope framework’s flagship&nbsp;blockchain and financial hub, EOS, provides the impetus for multi-chain collaboration and public goods financing for infrastructure and tools via the EOS Network Foundation (ENF).
A vision for a prosperous and decentralized future led to the creation of the EOS Network Foundation (ENF). The ENF is revolutionizing Web3 via its&nbsp;community activities, ecosystem financing, interaction with key stakeholders, and promotion of an open technology ecosystem. The ENF was established in 2021 and serves as the hub&nbsp;for EOS Network, a well-known open source platform that offers a number of reliable frameworks, tools, and libraries for blockchain implementations. The foundation&nbsp;is&nbsp;dedicated to a better future for all and are introducing ideas that its&nbsp;community creates together.

EOS Partners with Ceffu for Advanced Custody and CeDeFi Integration

TheNewsCrypto

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