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21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO
12.6.2023
While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level
DeFi Protocol Maverick Raises $9M Led by Peter Thiel's Founders Fund
12.6.2023
The round was led by Founders Fund and included contributions from Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto
Ethereum Staked on Coinbase Sees Massive Redemptions, Over 27,000 Tokens Redeemed on June 6
8.6.2023
Recent statistics reveal that a significant amount of ethereum staked on Coinbase has been redeemed, with 27,280 tokens being redeemed on June 6. This development comes in the wake of the U.S. Securities and Exchange Commission (SEC) filing a lawsuit against Coinbase for not registering...
New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing
5.6.2023
Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH)
Marinade (MNDE) Price Pumps 160%, LBR Trends On Liquid Staking Derivatives Influx
4.6.2023
Solana-based liquidity staking derivative (LSD) coin Marinade ($MNDE) is up 160% in a continuing weekend pump as general interest in the LSD complex grows.
MNDE has risen from $0.03 at the end of Friday trading to $0.08 today, for a 166% gain.
Meanwhile Lybra Finance (LBR), which motored to...
Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows
3.6.2023
ETH use in DeFi is down due to an uptick in staking, but rapid growth in LSDfi could be a bull market catalyst
Rocket Pool to Integrate With Zksync Era, Offering Faster Speeds and Lower Transaction Costs
2.6.2023
According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs. Liquid...
Yield farming app accumulates $12M TVL 2 weeks after launch
30.5.2023
The Origin Ether app deposits Ether into Curve, Convex, stETH, rETH, and sfrxETH
LSD for DeFi: Tenet, LayerZero partner to drive cross-chain liquid staking adoption
30.5.2023
Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem
Stablecoin Issuer Lybra Finance Nears $100M in TVL
26.5.2023
Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin
Russian Think Tank Profiles BRICS Bank as IMF Counterpart to De-Dollarize Credit Markets
26.5.2023
The Roscongress Foundation, a Russian think tank, has profiled the New Development Bank, known as the BRICS bank, as an alternative to the International Monetary Fund (IMF) in its latest “Decolonization in Energy Markets” report. Nation members could secure loans based on their...
Liquid Staking Protocol Lido’s Defi Dominance Swells From 7% to 26% in 12 Months
25.5.2023
According to statistics, the liquid staking platform Lido accounted for 7.45% of the total value locked in decentralized finance (DeFi) a year ago today. Since then, Lido’s market dominance has significantly increased over the last 12 months to its current 26.18% share. Lido’s Market...
Layer 1 Blockchain Tenet Partners With Conflux and Qtum for More Exposure in China
24.5.2023
The partnerships are aimed at increasing the liquid staking industry’s presence in Chinese markets
Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal
23.5.2023
Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring strategies.” FTX’s Revival Prospects Surface...
Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar
23.5.2023
Nobel Prize-winning economist Paul Krugman says that no currency can play the role of the U.S. dollar. Commenting on the de-dollarization trend and the possible U.S. default, he emphasized that without the USD, “financial markets will be disrupted by the lack of any safe, liquid asset.” Economist...
Asymmetry, ‘ETF’ for Liquid Staking Tokens, Raises $3M Round From Ecco Capital, Ankr and Others
16.5.2023
The crypto project’s safETH token represents a basket of liquid staking tokens from Lido, Rocketpool and Frax
Liquid Staking Leader Lido Upgrades to Second Version on Ethereum
15.5.2023
Lido users can now unstake their stETH and receive ETh at a 1:1 ratio
$500K worth of stETH redeemed in 3 hours as Lido enables withdrawals
15.5.2023
Ethereum was upgraded to allow withdrawals on April 13, but Lido had not previously integrated with the new feature
Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks
13.5.2023
In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket Pool and Frax Ether have recorded double-digit...
Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’
12.5.2023
A Goldman Sachs executive who also serves as the chair of a Treasury advisory committee has warned that a U.S. default poses “real risk to the U.S. dollar.” She stressed: “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid...