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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Aave to launch permissioned deployment for institutions in July

In response to “extensive demand from various institutions,” Aave’s permissioned deployment will go live this month.

Leading DeFi money market, Aave, has announced plans to launch a permissioned version of its platform for institutional investors this month.

The platform will be launched in partnership with crypto custodian and service provider, Fireblocks.

On June 4, Twitter user “TraderNoah” shared a screenshot of an email they claim to have received after attending Blockworks’ “Next Steps in Institutional DeFi” webinar that featured Aave founder and CEO Stani Kulechov, Fireblocks CEO and co-founder Michael Shaulov, and Galaxy Digital CEO Mike Novogratz.

Both during the conference and in the email, it was revealed that Aave’s institutional product, dubbed “Aave Pro,” intends to launch this month in response to “extensive demand from various institutions.”

At launch, Aave Pro will only support four assets — BTC, ETH, AAVE, and USDC, with its pools segregated from Aave’s other deployments.

The platform will add a whitelisting layer onto its V2 smart contracts to ensure that only “institutions, corporates, and fintechs” that have passed Fireblocks’ Know-Your-Customer verification can access Aave Pro. Fireblocks will also be tasked with implementing anti-money laundering and anti-fraud controls for Aave Pro. 

The email also notes plans to decentralize governance for Aave Pro in the future.

In May, Kulechov first revealed that Aave was building a permissioned pool for institutions. Aave’s three deployments currently represent a total value locked of roughly $17 billion combined.

The screenshot received mixed reactions on crypto Twitter, with some highlighting that the platform provides a rail for institutions to begin deeply engaging with decentralized finance.

Others, however, expressed apprehension regarding Fireblocks’ involvement with the platform, emphasizing an ongoing lawsuit filed against the firm by staking provider, StakeHound, over the deletion of private keys to a wallet containing $72 million worth of Ether.

Aave Pro is not Fireblocks’ first foray into helping institutional capital access decentralized finance, having teamed up with Compound in early 2020 to launch services catered to institutional investors.

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