Plume Network is set to acquire Dinero Protocol to boost its decentralized finance yield offerings for institutional investors, focusing on Ethereum staking.
Dinero’s ipxETH token has secured 125 million USD in total value locked, enhancing Plume’s offerings that now exceed 360 million USD.
The acquisition aims to increase engineering talent and tools for institutional users, targeting markets in the U.S., Asia, and UAE.
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