Locked-In Value refers to the total amount of assets that are locked or staked in a particular project, platform, or smart contract. This value can represent cryptocurrencies that users have committed to a specific purpose, such as participating in decentralized finance (DeFi) protocols, liquidity pools, or staking mechanisms.When assets are locked, they cannot be easily accessed or traded by the owner until certain conditions are met, like the completion of a specific time period or achieving certain goals. This locking mechanism serves various purposes, including providing security for loans, ensuring liquidity for trading pairs, or incentivizing users to hold and support the project.Monitoring Locked-In Value is crucial for assessing the health and growth of a project. A higher locked-in value often indicates a strong level of trust and commitment from users, which can contribute to the project’s stability and long-term success. Conversely, a declining locked-in value may raise concerns about the project’s viability or user interest.
Ripple, Absa Partner to Launch Digital Asset Custody in South Africa
Ripple has entered a strategic partnership with Absa Bank to provide digital asset custody services to customers in South Africa,