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Liquid 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
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Armstrong insisted Coinbase would not be at risk of a bank-run-like rush of withdrawals similar to those some of its peers have suffered. “All the funds are backed one-to-one, and you don't have to take our word for it,” Armstrong said. “As a public company, we have auditors … who
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The ASC action doesn't forbid Coinbase from offering staking as a service as long as it complies with the law, but the order itself was the result of a task force of 10 state securities regulators in the U.S., namely Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont,
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The firm said it is the first bank-owned custodian to offer staking services to institutional clients. Source
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Ether’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
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On Thursday, the firm moved a total of 291,000 ETH, worth $553 million, into staking contracts, according to a Dune Analytics chart by 21Shares. A total of 192,000 tokens were deposited into the Celsius staking pool, while 99,000 tokens were staked with Figment, Wan reported. Source
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The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply. The amount of ETH staked in May does not include withdrawals and is more than twice as big as the second-highest amount registered in February 2022.Monthly amount
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied OKX, a leading web3 company, has proposed the industry-first BRC-30 token standard, which enables users to stake BRC-20 tokens and bitcoin, allowing them to earn BRC-30 tokens. This open-source protocol, combined with OKX Wallet’s support, offers
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Layer-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
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