Liquid Staking Frenzy Spreads to Solana as Drift's 'Super Stake' Offers One-Click Leverage
Liquid Staking Frenzy Spreads to Solana as Drift's 'Super Stake' Offers One-Click Leverage Source
Read MoreLiquid Staking Frenzy Spreads to Solana as Drift's 'Super Stake' Offers One-Click Leverage Source
Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Terra Luna Classic (LUNC) developers have submitted a joint governance proposal to the community and validators that will introduce liquid staking derivatives with the Quicksilver network. The proposal incorporates multiple interchain account (ICA) host message types for
Read MoreThe surge in Raft, an alternative stablecoin issuer, highlights the booming market for liquid staking tokens, which enable users to main liquidity, despite locking their ether to earn rewards for securing the Ethereum blockchain. The liquid staking sector has a combined TVL of more than $20 billion, putting it ahead
Read MoreLiquid staking enables users to maintain liquidity, despite locking their cryptocurrency to earn rewards for securing the blockchain network. Lido, the dominant liquid staking player, has more than $13 billion ETH staked, commanding a 76% market share of liquid staking derivatives on Ethereum, data from blockchain analytics firm Nansen show. Source
Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Liquid Federation, a consortium of major exchanges, Bitcoin infrastructure companies, and wallet providers, has welcomed six new members. Liquid Network, a layer-2 solution enabling the settlement and issuance of crypto assets on Bitcoin, announced in a
Read MoreEther’s (ETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens that could revive Ethereum’s network activity.The percentage of gas consumed by
Read MoreLayer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero.Tenet has plugged into LayerZero’s cross-chain protocol to access the wider DeFi ecosystem across a number of different blockchains. The Cosmos-based blockchain is
Read MoreThe crypto project’s safETH token represents a basket of liquid staking tokens from Lido, Rocketpool and Frax. Original Source
Read MoreCommanding about nearly 80% market share of liquid staking derivatives on Ethereum, per blockchain analytics firm Nansen, Lido has already withdrawn more than 278,000 ETH at press time, making the staking giant the fourth largest entity by ETH withdrawals, trailing crypto exchanges - Kraken, Coinbase and Binance. Source
Read MoreIn 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 gains of 34% to
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