Liquid-staking derivatives are the hottest thing as Ethereum devs gear up for the Shanghai network update.
Lsd #altcoins = potential huge gains.
Here are lsd projects you shouldn't miss out on 👇 🧵
Lsd #altcoins = potential huge gains.
Here are lsd projects you shouldn't miss out on 👇 🧵
Zooming in closer, however, the market’s biggest winners are liquid staking tokens, also called “liquid staking derivatives” (LSD).
The tokens behind projects like $LDO (up 50.3%) and $RPL (up 23.3%) have soared over the last few days.
The tokens behind projects like $LDO (up 50.3%) and $RPL (up 23.3%) have soared over the last few days.
The reason?
Ethereum devs are rolling up their sleeves ahead of a key upgrade to the network: Shanghai.
Let’s break that down.
Since executing the merge last September, Ethereum has swapped to a proof-of-stake (PoS) consensus mechanism.
Ethereum devs are rolling up their sleeves ahead of a key upgrade to the network: Shanghai.
Let’s break that down.
Since executing the merge last September, Ethereum has swapped to a proof-of-stake (PoS) consensus mechanism.
This means no more power-hungry mining machines, and, in their place, so-called validators.
Validators and miners effectively do the same thing, verifying transactions and ensuring little on-chain mischief occurs.
Validators and miners effectively do the same thing, verifying transactions and ensuring little on-chain mischief occurs.
Today, you can earn as much as 301% when you stake your stETH in certain parts of the ecosystem, according to
@DefiLlama
@DefiLlama
Its wide adoption in DeFi is likely one of the reasons why it’s so popular; of this type of offering (excluding centralized exchange-based equivalents), Lido commands more than 88% of the LSD market.
What does this have to do with the Shanghai update?
Like the merge, Shanghai is another key upgrade to Ethereum.
Like the merge, Shanghai is another key upgrade to Ethereum.
@LidoFinance
$LDO technical contributors are excited to present the proposal for Lido V2 – Lido protocol’s largest upgrade to date and a step change on the road toward further decentralization.
$LDO technical contributors are excited to present the proposal for Lido V2 – Lido protocol’s largest upgrade to date and a step change on the road toward further decentralization.
@pendle_fi
I'm bullish on $PENDLE - here's why:
• Massive inflows after their V2 release, with their TVL almost double their MC
• They've implemented unique principal token (PT) and yield token (YT) strategies by leveraging tokenized yield.
I'm bullish on $PENDLE - here's why:
• Massive inflows after their V2 release, with their TVL almost double their MC
• They've implemented unique principal token (PT) and yield token (YT) strategies by leveraging tokenized yield.
@HordApp
$HORD, part of Dcentralab, is on the verge of completing their audit with Zokyo.
They're proud to offer 'higher APR' returns as compared to conventional avenues of investment.
$HORD, part of Dcentralab, is on the verge of completing their audit with Zokyo.
They're proud to offer 'higher APR' returns as compared to conventional avenues of investment.
By using a mix of $ETH staking, multiple MEV rewards, and additional $HORD rewards, $HORD offers a well-rounded blend of opportunities.
Keep in mind that hETH's price isn't confined to the traditional peg to ETH, which makes it an intriguing proposition.
Keep in mind that hETH's price isn't confined to the traditional peg to ETH, which makes it an intriguing proposition.
$FRX and their LSD variant frxETH are certainly impressive, boasting an incredible 170m in TVL.
Thanks to their strong yield, frxETH's TVL has grown by an astounding 100 fold since last November.
Thanks to their strong yield, frxETH's TVL has grown by an astounding 100 fold since last November.
It's no surprise that in an LSD index, frxETH is considered a strong and secure investment.
@stakewise_io
While $SWISE seems 'safer' on paper, investors may want to do further research before jumping in.
With a TVL of $140M and MC of $40M, the protocol is deemed undervalued.
However, the 2% monthly inflation of $SWISE and a FDV of $180M complicate the picture.
While $SWISE seems 'safer' on paper, investors may want to do further research before jumping in.
With a TVL of $140M and MC of $40M, the protocol is deemed undervalued.
However, the 2% monthly inflation of $SWISE and a FDV of $180M complicate the picture.
While I couldn't include all the possible protocols, there are many more with great potential to utilize.
$FOLD
$AURA
$RPL
$ANKR
$YFI
$FIS
$RPL
$DVT
$FOLD
$AURA
$RPL
$ANKR
$YFI
$FIS
$RPL
$DVT
Tagging Ct creators who maybe interested in LSD:
@CryptoGirlNova
@crypthoem
@ViktorDefi
@DeFiMinty
@defiinvestor
@wauwda
@NDIDI_GRAM
@IamZeroIka
@MercyDeGreat
@Only1temmy
@2xnmore
@thelearningpill
@CryptoGirlNova
@crypthoem
@ViktorDefi
@DeFiMinty
@defiinvestor
@wauwda
@NDIDI_GRAM
@IamZeroIka
@MercyDeGreat
@Only1temmy
@2xnmore
@thelearningpill
@CryptoGirlNova @crypthoem @ViktorDefi @DeFiMinty @defiinvestor @wauwda @NDIDI_GRAM @IamZeroIka @MercyDeGreat @Only1temmy @2xnmore @thelearningpill That's it for now. If you made it this far. Thank you for your time 🫡
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Follow me @cyrilxbt for more threads like this.
Drop a Like/Comment/Retweet the first tweet below It helps alot👇
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