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With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization
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There was a 29% validator participation rate at the time that the epoch triggered, which is particularly low for Ethereum. On a YouTube livestream, Ben Edgington, a product lead at Teku, an Ethereum client, acknowledged the low participation rate was likely due to validator nodes not having upgraded on time
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On Friday, Gitcoin community members passed a governance proposal with almost unanimous support to formalize a relationship with the index provider Index Cooperative, and transfer 100 ether (ETH) worth $164,600 into two liquidity pools meant to “ensure deeper liquidity and reduce swapping fees for moving into gtcETH,” according to a
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Liquid staking protocol Lido Finance has pushed the big red button in order to activate a protocol safety feature called "Staking Rate Limit" after more than 150,000 Ether was staked with the protocol in a single day.Lido is a liquid staking solution for digital assets, in this case allowing users
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Note that the whole staking balance cannot be withdrawn on the day of the upgrade. Besides, only 43,200 ETH can be unstaked per day. However, the total staking reward earned, which comes to around 1 million ETH, can be withdrawn instantly, according to Saxo Bank. Source
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Lido and Optimism aim to increase the availability of wrapped staked ether (wstETH) with OP tokens through the new liquidity mining and user incentives program. Original Source
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“Gentle, quick and responsible, the Rabbit is the fourth animal in the 12-year cycle of the Chinese horoscope. Together with yin water, this combination bodes well for a calmer 2023 compared to last year’s tumultuous experience,” the brokerage wrote, while also reminding investors to seek professional advice before making a
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Aegis, which says it holds trust license in Hong Kong and and the U.S., offers custodial services for on-chain transactions, while Lido, the largest decentralized finance (DeFi) app by total value locked, provides staking services to users that want to access liquidity to their staked assets. Source
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If all goes to plan, this “Open Door” could boost Marinade’s TVL sevenfold, Marinade developers told CryptoX. They want to drive more users into Marinade’s mSOL token, the so-called “liquid staking derivative” token that accesses the value of depositors’ locked away SOL tokens while they generate yield from securing the
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