Ceffu Partners With EOS To Provide Advanced Custody And CeDeFi Opportunities
In Brief
The EOS Network Foundation has announced that Ceffu will now support the EOS mainnet, providing institutional-grade custodial services and creating new CeDeFi opportunities for EOS token holders.
EOS Network Foundation (ENF) has announced that Ceffu, the institutional custody partner of Binance, will now support the EOS mainnet. This collaboration offers institutional-grade custodial services and opens up new Centralized Decentralized Finance (CeDeFi) opportunities for EOS token holders, facilitated by the integration of Binance’s MirrorX platform.
“Ceffu supporting the EOS mainnet marks a pivotal moment for institutional engagement in the network. By collaborating with Ceffu and integrating with Binance’s MirrorX, we are not only enhancing the security of EOS assets through advanced custody solutions but also unlocking new CeDeFi opportunities,” said Yves La Rose, CEO and Founder of the EOS Network Foundation, to MPost. “EOS’s recent inclusion in the Coinbase COIN50 Index underscores the growing interest from institutions and reinforces our position as a leading project in the evolving crypto economy,” he added.
With Ceffu’s advanced custody infrastructure, institutions can now securely store their EOS assets using multi-party computation (MPC) and customizable approval processes. Through the MirrorX platform, institutional fund managers can implement CeDeFi strategies that combine the advantages of both centralized exchanges (CEX) and decentralized finance (DeFi). By tapping into Binance’s liquidity and advanced trading features, EOS token holders gain access to innovative yield solutions designed for institutional investors.
EOS’s inclusion in the Coinbase COIN50 Index, which tracks the top 50 digital assets on Coinbase Exchange, highlights the increasing institutional interest and popularity of the EOS ecosystem. This recognition reinforces EOS’s standing as a leading blockchain platform and a key player in the expanding cryptocurrency economy.
EOS Ecosystem Strengthened By Tokenomics Overhaul And Increased Staking Participation
The EOS Network is a third-generation blockchain platform powered by EOS Virtual Machine (VM), a low-latency, high-performance, and scalable WebAssembly engine designed for deterministic execution of nearly feeless transactions. The platform is specifically built to deliver optimal Web3 experiences for both users and developers.
EOS has seen notable performance gains due to community-approved enhancements to its tokenomics. The updated tokenomics strategy includes a dedicated funding pool for middleware, with the launch of the Unicove portal simplifying the onboarding process and improving the overall user experience.
Furthermore, a staking rewards program, which has distributed $450 million worth of EOS over the past five months, has led to a fourfold increase in EOS staking participation while extending the token lockup period from 4 to 28 days. These tokenomics changes collectively strengthen the EOS ecosystem, demonstrating its increasing resilience and appeal.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
