Liquid Staking platforms rise before the upgrade of Ethereum Shanghai
Liquid Staking platforms rise before the upgrade of Ethereum Shanghai
The latest narrative of Crypto is the liquid staking, since platforms and tokens have lifted recently.
Ethereum will go through the Shanghai upgrade in March, which releases the ETH stuck on the Beacon. Industry analysts believe that this will be good news for liquid staking protocols because they offer better incentives and income. In contrast to direct use, they offer a more flexible possibility for use and earn without having to block the collateral.
On January 10, “Viktor Defi” said his 13,000 followers:
"Liquid Staking Derivatives (LSD) explodes with the upcoming Shanghai upgrade from Ethereum."
crypto narrative alpha series 💎 01
Liquid Staking Derivatives (LSD) explodes with the upcoming Shanghai Upgrade from Ethereum.
I spent 1,439 minutes to explore the LSD narrative, so you don't have to do it.
- Viktor Defi 🛡🦇🔊 (@Vikordefi) 9. January 2023
Liquid Staking Waggen
"Accessibility, immobility and illiquidity are the greatest disadvantages of crypto staking," added the analyst. Liquid-staking platforms offer a staking token that can also be used in other defi protocols to generate additional earnings.
lido is the leading staking platform in the industry with 4.8 million ETH stakes, which corresponds to 30 % of the total amount.
his governance token, LDO, has been on fire in the past few weeks and has grown a whopping 57 % in the past seven days. Other staking platform tokens like Stakewise (Swise) have also developed well.
The amounts set on platforms such as Lido, Rocket Pool, Stakewise and Frax have also increased steadily because this new story gains dynamics.
In contrast to Lido, Rocket Pool is a admission -free and strongly decentralized leading analysis to predict that it could be a market leader.
On the other hand, there are a few risks for liquid staking pools, such as: B. the Smart Contract risk, the DE-PEG risk (which happened last year with Lidos Steth) and the risk of reduction.
Since the stacked ETH is slowly released, a large part of it could be shifted to more lucrative liquid piloted platforms this year. Not all ETH used will be available at once, since the current specifications allow a maximum of 57,600 partial elimination per day according to CoinMetrics.
Ethereum price view
Ethereum with an increase of only 10 % since the beginning of the year has not developed as well as liquid staking token.
According to Coingecko, ETH prices have currently increased by 1 % to $ 1 % on this day. The asset slowly moved out of his big brother's shadow and remains 73 % under his all -time high of November 2021.
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