Weekly crypto brief: Chainlink falls, Borroe Finance raises over $2m
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Chainlink (LINK) prices fell following the general access unlocks of Chainlink v0.2. The decrease was influenced by specific conditions tied to the new staking system.
Meanwhile, Borroe Finance (ROE) is trending higher, raising over $1.9 million in the ongoing presale.
Chainlink tumbles even after launching new staking protocol
In a post on Dec. 11, Chainlink announced the public access to their new staking protocol. Users can now stake LINK for a 4.3% variable reward.
Initially launched in November, the pool opened to the public on Dec. 11, and over 40.8 million LINK were staked as users migrated to v0.2.Â
Even so, the unlock only grants immediate access to new users; they have to wait for existing stakers to withdraw their tokens.
LINK dropped 14.38% from $16.36 to $14.01 between Dec. 11 and Dec. 17.
Despite this development, experts say the token could rise to $20.00 in future trading sessions.
Borroe Finance raises over $2 million in presale
Borroe Finance has secured $2 million in funding.
Funds will be used for the project’s launch, partnerships, technical support, and other essential activities.
Borroe Finance is an AI-powered funding marketplace for web3 content creators to trade their future earnings for money.Â
The platform facilitates businesses in raising funds by converting their future earnings into non-fungible tokens (NFTs) and selling them at discounted prices to supportive communities.
It has a user-centric approach is committed to web3 principles of decentralization, inclusivity, and transparency.
ROE is available for $0.0175 in stage 3 but will rise to $0.0200 in the next phase.
Learn more about Borroe Finance (ROE) here:
Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on X
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