The Rebased Protocol's voting process has begun for the IOTA community, and a potential approval could lead to a transformation in the ecosystem, including the introduction of exchange-traded products (ETP) and exchange-traded funds (ETF). IOTA co-founder Dominik Schiener believes that the approval could also accelerate institutional adoption through staking, offering investors staking rewards of 10-15% APY. The first batch of validators joining the Rebased test network has been introduced, and the voting exercise will last for seven days. The implementation of the Rebased Protocol aims to shorten marketing time, introduce programmability and decentralization, and enable the use of IOTA's Digital Product Passport as collateral on lending platforms and the minting of stablecoins on the network. IOTA's price has surged 137% in the last seven days and 403% in the last 30 days, currently trading at $0.52.



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