Coinbase Ventures strengthens its partnership with Rocket Pool by investing in the protocol and voting on oDAO proposals. Rocket Pool, the Ethereum staking platform, has just announced on its Discord that Coinbase Ventures is investing directly in the DeFi protocol.
“We are pleased to announce that Coinbase Ventures is strengthening its partnership with Rocket Pool through a direct investment in RPL, in addition to proposed participation in oDAO,” according to the investment fund. Coinbase Ventures also intends to use RPL and ETH to launch its own mini pool, Rocket Pool.”
As a result, in addition to investing in the staking platform, Coinbase will have a significant vote in the oDAO for project decisions. Furthermore, the exchange will establish a separate pool for the RPL-rETH token pair. The project, however, has not disclosed the exact amount of investment.
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