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Decentralized finance (DeFi) has introduced a fascinating and exciting narrative called LSDfi. LSDfi is a collection of protocols that revolve around Liquidity Staking Derivatives (LSD) and encompass various aspects of the DeFi ecosystem. Within DeFi, Liquid Staking initiatives have paved the path for LSDfi’s development. These initiatives act as the foundation, upon which more advanced […]
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 DeFi protocols has dropped [...]
The post Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows appeared first on Crypto Breaking News.
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