Hi all,
I just noticed that CoinMarketCap is incorrectly listing stETH as ranked #201 by market cap when it should rank #6. Is this something we can easily fix as a DAO?
Sources:
Hi all,
I just noticed that CoinMarketCap is incorrectly listing stETH as ranked #201 by market cap when it should rank #6. Is this something we can easily fix as a DAO?
Sources:
This is due to a rule within the CMC ranking logic related to “wrapped” tokens (i.e. to “address” double-counting) and is something that they have been unwilling to fix / change / take a different approach to (despite very good reasons to the contrary).
Not that I agree with their rationale but if they want to avoid double-counting, shouldn’t they reduce the market cap of ETH instead of stETH?