🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Convex Finance initiated a proposal to significantly reduce the PYUSD position, with the majority of the community opposing it.
Odaily Planet Daily News reported that Convex Finance has proposed a significant reduction in PYUSD open interest. The proposal states that Frax holds a large amount of PYUSD in its assets, but there is very little interest. Frax should diversify and move away from low-interest assets, so it is recommended to drop the more than two million dollars of PYUSD in Curve FRAX/PYUSD to a maximum of 500,000 dollars. The current proposal has an opposition rate of 99.51% and will end on September 20.