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At @defipulse, we will be formalizing a long informal rule as we continue to refine Total Value Locked(USD) to reflect the realities of the DeFi ecosystem. No one knows what DeFi will eventually look like, and as the ecosystem matures, Total Value Locked will mature with it./
Total Value Locked (USD) includes the value of tokens that are providing utility to protocol users and will continue to exclude the value of tokens staked to unlock a privilege within the protocol, like governance participation or rewards./
When we launched @defipulse staking rewards and governance locked were not yet features within our ranked protocols, so there was no need to address these edge cases.

We feel this decision best maintains Total Value Locked's focus on users and their decisions to trust DeFi./
We are excited for the future of staking for rewards and staking for gov and are expecting many of these incredibly genius experiments to succeed. (@compoundfinance , @iearnfinance , @CurveFinance , @KyberNetwork @synthetix_io , @futureswapx, @MakerDAO and roughly 86 others)/
The future will be exciting, and we plan to do our best to use our voice to positively influence the metaprotocol we are building together:

A financial system that is more open, more transparent, more inclusive, and more fair than the incumbent global financial system.🍇🚀🍇
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