Demand for liquid Ethereum staking options continues to grow post-Merge

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Nansen’s report highlights the impact of the Merge in introducing staked ETH as an out-and-out cryptocurrency-native yield-bearing instrument that has quickly outstripped other collateralized yield-bearing services. (Reporting via gazza_jenks)

has been a boon for decentralized finance in general, and staking solutions have been in high demand since Ethereum’s shift to PoS. This is according to blockchain data from a variety of staking solutions across the Ethereum ecosystem.

The likes of Uniswap and other automated-market makers and liquidity providers remain popular but pale in comparison to the total value locked in staked ETH solutions. Over 15.4 million ETH is locked in Ethereum’s staking contract, which values the total staked ETH in the top six cryptocurrencies by market capitalization alone:

Nansen provides some interesting insights from liquid-staked derivatives data. When Ethereum shifted to PoS, miners werewho had to deposit or stake 32 ETH in order to propose new blocks and earn protocol rewards. Users that are unable or unwilling to stake 32 ETH can participate in pooled staking, also known as liquid staking. This also allows users to withdraw staked ETH at any time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum (ETH) Price Analysis for November 30Can ETH keep the rise after today's price blast? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum sassal0x
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin Surges to a 2-Week High, ETH Gains 5% (Market Watch)ETH is the top performer among the largest cryptocurrencies, with a 5% increase.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Here's Who Pushed ETH Above $1,200 Mark: DetailsHere's what caused Ethereum to reach intraday highs ETH $ETH Crypto
Source: Utoday_en - 🏆 295. / 63 Read more »

David Gokhshtein Says He'd Go with ETH over BTC, Here's WhyETH or BTC: David Gokhshtein says which he would go for and why Ethereum Bitcoin Crypto $ETH $BTC Isn't it high time we were mentioning this? 👀
Source: Utoday_en - 🏆 295. / 63 Read more »

Solana’s Top Crypto Wallet Looks to Ethereum, Polygon Next.solana-focused crypto wallet phantom is tapping ethereum and 0xPolygon for its expansion plan, realDannyNelson reports. solana phantom ethereum 0xPolygon realDannyNelson solana phantom ethereum 0xPolygon realDannyNelson lol no thanks solana phantom ethereum 0xPolygon realDannyNelson rip
Source: CoinDesk - 🏆 291. / 63 Read more »