The Capital Efficiency Paradox: How Morpho's Lend Callbacks Expose DeFi's Most Embarrassing Waste
Hook: A $3 Billion Idle Problem Nobody Wants to Talk About 2017's dream is...
Block reward halving event
92 million ARB released
Raises validator limit and account abstraction
Circulating supply increases by about 2%
Block reward reduced to 3.125 BTC
Independent validator client goes live on mainnet
Improves data availability sampling efficiency
Team and early investor shares released
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