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Ethereum stakers will be able to withdraw their ETH in part or in full.
In the past 24 hours, there’s been a net inflow of 24,001 ETH into the staking program.
Ethereum’s largest pool Lido Finance is contemplating whether to sell or stake the $30 million in Ether [ETH] from its treasury. On February 14, Steakhouse Financial, the DAO’s financial wing, issued a proposal with four possibilities on how it should run its treasury. One of these involved staking some or all of its Ethereum as Lido Staked […]
Cake DeFi, the most dynamically growing fintech firm, which is based in Singapore and provides seamless DeFi access, has launched Ethereum (ETH/USD) staking, Invezz learned from a press release. With this, Cake is offering a tradable token, which users can sell in the open market, ensuring additional access to liquidity.
Generating more ETH in rewardsAfter completing the Ethereum Merge, the Ethereum Mainnet transitioned to proof-of-stake. The main chain appropriated the “Beacon Chain” as a result. The main chain requires validators to stake their crypto assets into a deposit contract, which is long-term.
ETH can be locked on the blockchain, and investors get the chance to validate transactions and generate rewards in ETH. The Ethereum Mainnet does not support unstaking at the moment, and investors who want to unstake ETH will have to wait for the Shanghai upgrade around a year from now.
Cake DeFi CEO and Co-Founder Dr. Julian Hosp said:
Ether staking is the most recent addition to our beloved staking service. We chose to host our own nodes in Singapore. Ethereum nodes are currently concentrated in Europe and North America. Hosting them will promote decentralization and improve the confidence of developers and investors in the region. Many platforms and exchanges won’t offer ETH unstaking until the Shanghai upgrade, but the open market will help us provide liquidity to our ETH stakers.
5% annual yieldWith Cake’s new service, traders will get returns of around 5% a year. The platform will also auto-compound ETH staking every 12 hours to generate higher returns in comparison to non-compounded staking.
What’s more, people staking ETH on Cake DeFi will not have to wait for the Shanghai upgrade to unstake. They will be able to do so by trading a token on the open market.
The post Cake DeFi adds access to liquidity with ETH staking appeared first on Invezz.
Chainalysis suggests ETH could decouple from other cryptocurrencies post Merge as its staking rewards could make it similar to bonds or commodities.
SEBA Bank executive Mathias Schütz believes that institutions can also play a role in securing the Ethereum network by staking Ether.
Ethereum is well on its way to the Merge as more milestones are met. The move to proof of stake will no doubt be a game-changer for the blockchain. So As the day for the merge draws closer, users of the network have been upping their activity in recent times. One of the places where Ethereum has recorded an uptick has been the staking queue which is now nearing its previous all-time high. Ethereum Staking Queue Crosses 300,000 The Ethereum staking queue is a good indicator of how users of the network are looking at it. When this is low, investors may be more way and not want to stake their coins on the network. However, when this number begins to go up, it signals a number of things for Ethereum, among them, being that users are looking more positively at it. Related Reading | TA: Bitcoin Holds Uptrend Support, What Could Trigger Sharp Decline This queue has been going up in recent times and as of 17th March, has almost reached its previous high. It had previously touched a new high above 330K in June of 2021 when the bull rally had been in full bloom. But the subsequent market downtrend had seen this number come down with it going into the bear trend. Only to begin another recovery in August of the same year. ETH price recovers above $3,900 | Source: ETHUSD on TradingView.com As for 2022, the number had been steadily growing but hadn’t seen any significant boost. This boost came about two weeks into March when the number of wallets on the queue crossed 300K. It is the sharpest increase ever recorded by the Balance Validators Status. What Does This Mean? For a network like Ethereum, beating and setting new records aren’t a new thing. But like with any other thing, such high interest will definitely have an impact on the network and the price. In this case, the number of wallets that are now suitable to stake on the network is higher and are waiting to be activated to do so. When such a large amount of wallets are given the green light to start staking, it will take a good chunk of coins out of current circulation. Related Reading | TA: Ethereum Consolidates Near $2,800, Why ETH Could Rally Again This is because it takes 32 ETH for a wallet to be eligible to become a validator on the network. This means that when these wallets on the queue are activated, about 1 million ETH coins will be locked away for at least three months, which is the minimum staking duration for Ethereum. A look at past charts shows that times like this have coincided with the increase in price for ETH. However, there has been one deviation which was during the November rally where ETH hit a new high above $4,000. Nevertheless, with such volumes of ETH being temporarily taken out of circulation, it most likely will positively affect the value of the cryptocurrency, pushing the value towards previous highs. Featured image from MARCA, chart from TradingView.com
Staking is the process of locking an amount of cryptocurrency for a particular time period to contribute to blockchain technology
The post has appeared first on thenewscrypto.com
According to the latest Coingecko report, during the second quarter (Q2) of 2023, the U.S. dollar value of BTC grew by nearly 7% while that of the entire crypto market capitalization only went up by 0.14%. In contrast, BTC’s average daily trading volume during the period fell by 58.7% from the $33.4 billion seen in [...]
The post Blackrock Bitcoin ETF Filing Announcement Propelled BTC in Q2 — Study appeared first on Crypto Breaking News.
Binance announces support for Starknet (STRK) distribution to ETH Staking users, with the snapshot taken on Sept 15, 2022. Distribution completion is expected within 30 days from Feb 20, 2024. (Read More)
Q2 2023 saw a slight 0.14% increase in the crypto market, with Bitcoin (BTC) and Ethereum (ETH) rising by 6.9% and 6.0% respectively. (Read More)
Ethereum’s 2.0 staking deposits vs. withdrawals are not so symmetric now. The number of deposits is taking up the volume
Rocket Pool native token RPL has recorded increased bullish activity and momentum in what seems to be an interesting turn of events stemming from the just concluded Shapella update and launch. While the Ethereum Shapella launch was much about allowing validators to withdraw staked ETH rewards, crypto enthusiasts and the blockchain community felt some uneasiness [...]
The post Rocket Pool (RPL) On 4-Day Bullish Streak After Shapella, Can It Make A Fifth? appeared first on Crypto Breaking News.
The two exchanges have withdrawn almost 200,000 ETH together.
InfStones is offering a new Ethereum validator service that allows users to launch validator nodes for staking with just a few clicks. The platform is targeting both users and institutional investors by providing a simpler way to stake their tokens, with the added benefit of being able to stake less than 32 ETH after the Shappella upgrade. However, there has been a slight decline in Ethereum staking deposits due to regulatory pressure and the upcoming upgrade. (Read More)
The Ethereum Shapella upgrade has enabled ETH staking withdrawals.
It is the first US bank to facilitate liquid Ether staking, and it is focusing on institutions.
The Ethereum Shanghai upgrade promises to make Ethereum more scalable, faster, and more secure.
The Shanghai upgrade is set to take place on April 12 at 11:27 PM UTC.
The project is also targeting institutional investors by allowing the setting up of 1,000 validators for ETH staking within its platform.
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