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When Ethereum recently completed an upgrade known as Shapella, it was heralded as opening a new era of staking ETH. Up until that point, if you staked ETH to help run the blockchain, you couldn’t get it back. Shapella made it possible to unstake, making it more attractive to pledge
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.April saw several hacks, exploits and rug pulls that resulted in a net loss of over $100 million among several DeFi protocols. Amid
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Lido has not yet activated withdrawals, pending the release of its version (v)2 protocol upgrade expected later in May. Given the nature of liquid staking, users who want to withdraw from the platform can just sell their stETH derivative token on exchanges. As the token’s price tracks closely to ETH’s,
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A new Cosmos-based blockchain called “Tenet'' will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from the developers. The network is currently available as a testnet and will launch a
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Liquid staking solutions such as Lido and Rocket Pool now have more total value locked (TVL) than decentralized exchanges (DEXs), making them the top category of DeFi protocols, according to data from crypto analytics platform DefiLlama.For the first time, the Liquid Staking category has surpassed DEXes in total value locked,
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Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536, enabling stakers to withdraw for the first time. At the time of the upgrade, slightly over 8 million ethereum was locked into liquid staking protocols. Since then, over 400,000 ether,
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press release PRESS RELEASE. Victoria, Seychelles, April 26th, 2023 — Bitget, top crypto derivatives and copy trading platform, has announced the addition of Liquid Staking Derivatives (LSDs) as a margin option for Bitget Coin-margined Futures, making it the first centralized exchange to provide such products on the market. This new
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"For as long as zero-fee trading lasts on BTC-TUSD, TUSD needs to be considered a top stablecoin in crypto, whether people like it or not. Similar to how Binance favored BUSD, TUSD is the benefactor of increased volumes now, even if the reasons why Binance granted TUSD this gift are
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In an announcement made on April 24, Binance, the cryptocurrency exchange with the largest trade volume, unveiled its latest staking product, wrapped beacon eth (WBETH). This new addition to Binance’s staking solutions is built on the Ethereum network, joining the ranks of other competing liquid staking products such as Lido,
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“A large number of commentators are predicting a season of "LSDeFi" -- products and services built around staked ETH yield,” said Nansen content lead Andrew Thurman. "Agility appears to be one of the first successful examples, and the speed with which it has grown could be a sign there's more
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