The EOS Network Foundation announced via Twitter on Thursday that it has issued a grant to DefiBox’s Vault Protocol. The Vault Protocol is the first single-token lossless yield protocol launched by DefiBox. EOS added that users earn yield by depositing tokens and are issued an sToken, which can be used in other dApps for more utility on the Vault Protocol.
EOS is a Delegated Proof-of-Stake cryptocurrency that launched in 2018 after a record-breaking ICO raising over $4.1bn. Its focus is on providing development flexibility, network scalability, and user-friendliness. EOS is down by more than 3% in the last 24 hours and is currently trading at $1.185 per coin.