Giddy Smart Wallet Launches Ethereum Pegging Function
Cryptocurrency holder's DeFi self-hosted smart wallet Giddy is integrating part of Coinbase Cloud's ETH wager offering, where users can bet on any number of ETH to authenticate the Ethereum network and earn rewards from their native Ethereum holdings.。
Cryptocurrency holder's DeFi self-hosted smart wallet Giddy is integrating parts of Coinbase Cloud's ETH wager offering, allowing users to bet on any number of ETH to authenticate the Ethereum network and earn rewards from their native Ethereum holdings.。
The traditional Ethereum peg helps the network to be secure and run, requiring a large investment of 32 Ethereums - up to $75,000 at current prices.。Some of the ETH values implemented by Giddy and supported by Coinbase Cloud lower the entry threshold for users, who can value ETH at any face value and receive rewards from the authentication network, thus opening up the value to more users.。
Eric Parker, CEO of Giddy, said: "Our users love Ethereum, so it is natural to add some ETH fixed-cast features to make it easier and more user-friendly for everyone to use the encrypted world.。Our users now have the opportunity to support the operation and security of the Ethereum network with greater flexibility, lower risk, and more support from the Giddy team.。"
Josh Leavitt, director of product management at Coinbase Cloud, said: "Our partnership with Giddy reflects our shared goal of improving the user experience across the cryptocurrency space.。Giddy has implemented some of our ETH fixed investment products, which is a development point for users who want to participate in ETH fixed investment, but previously found that they cannot participate due to the need for 32ETH.。"
This integration means that Giddy users can now easily participate in an important process of the Ethereum blockchain - ETH Stalking - directly from their phones.。It simplifies the pegging process and provides a convenient way for users to earn pegging rewards。
This new feature is significant for Giddy and Coinbase Cloud as it represents a joint effort to improve the user experience in the cryptocurrency space.。Giddy and Coinbase Cloud contribute to a more decentralized, inclusive, user-centric cryptocurrency ecosystem by making the peg feature available to more people。
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