Ivan says Ethereum price is struggling to get above $1500 but there is a big fundamental change that is happening in July that will make Ethereum deflationary.
Ethereum Improvement Proposal (EIP) 1559 will be packaged with the London hard fork this coming July. EIP 1559 flips a typical blockchain transaction on its head in order to fix numerous issues with Ethereum’s user experience.
Gas fees traditionally sent to miners by users for transactions to be included in a block will now be sent to the network itself as a sort of ‘burn’ called base fee with only an optional tip paid to miners. The burn fee is algorithmically set as well, making it easier for users to pay a fair fee. Ethereum is solidifying its position as the network for payment with the EIP 1559 hard fork, says Ivan.
The alt coin segment covered updates from Yield App launching Ethereum fund offering up to 20% APY. The scheme is highly attractive for Ethereum holders who can be assured of yields regardless of price volatility (13:49). Bridge Mutual, entered into 17 significant collaboration agreements since the Token Generation Event 33 days ago (14:30). YOP Finance teamed up with Shadows Network and will integrate with the Shadows API, enabling its users to access our assorted synthetic assets (15:04). Plasma Swap launch including Uniswap features and more (16:43). Oin Finance partnership with swift smart contracts platform, Avalanche to help accelerate their functionalities (17:20).
Other projects discussed are Dafi launching on DAO Market (19:58). Elrond brings NFTs and collectibles to their platform (21:50). Benchmark Protocol, Golem and Ocean (25:46).
This episode premiered on March 5th, 2021.