Lido leads as Ethereum locked as liquid staking derivatives hits 10 million

The total number of Ethereum locked on liquid staking derivatives (LSD) protocols reached 10 million on June 29, according to data from DeFillama. Liquid staking protocols allow users to earn staking rewards while providing liquidity for other crypto-based activities, such as Lido (LDO) and Rocket Pool (RPL). Lido dominates LSDs DeFillama data tracks 22 liquid staking […]

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Wormhole Attacker Moves $155 Million of Stolen Funds into Staked Ethereum (stETH)

The attacker behind the February 2022 Wormhole exploit has moved $155 million, converting the funds to staked Ether.

Continue reading Wormhole Attacker Moves $155 Million of Stolen Funds into Staked Ethereum (stETH) at DailyCoin.com.

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Coinbase launches liquid staking token to ‘keep Ethereum decentralized’

Coinbase has launched a liquid token for its users who staked their Ethereum (ETH) on its platform called cbETH, according to an August 24 announcement.

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Coinbase will shut down staking service if regulators mandate censoring transactions

Coinbase CEO Brian Armstrong said on August 17 that the firm would shut down its staking services if regulators wanted it to censor transactions as a validator.

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MakerDAO identifies risks of an Ethereum hard fork

DeFi protocol MakerDAO (MKR) has identified seven risks its protocol faces if Ethereum (ETH) is forked.

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Celsius adds over 428K stETH to Lido’s lengthening withdrawal queue

The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait.

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Lido anticipates ‘large withdrawals’ as users’ staked Ethereum withdrawal requests increase

Liquid staking protocol Lido (LDO) anticipates its users making large staked Ethereum (stETH) withdrawals this week following the successful completion of its V2 upgrade. Withdrawal request spikes According to 21Shares researcher Tom Wan, Lido users have started increasing their withdrawal requests following the successful test of the feature. Wan identified a wallet that requested the […]

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Celsius moves $781M in stETH just as Lido withdrawals open

The bankrupt crypto lender has been moving its massive stash of staked Ethereum.

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Lido Enables stETH Withdrawals: See Who’s Withdrawing How Much

Celsius is among the largest potential stETH withdrawers.

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Lido rallies 12% as it enables staked Ethereum withdrawals

Liquid staking protocol Lido (LDO) will finally enable staked Ethereum (ETH) withdrawals after its community-supported enacting of the V2 upgrade. The protocol announced this development on May 15, saying final checks were occurring and users should stay tuned. Voting for the upgrade started on May 12 and met no resistance as all the 59.5 million […]

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ETH Validators Hit All-Time High as Juicy APR Attracts New Stakers

Over 49,000 new validators are waiting to enter the active validator set on Ethereum.

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Ethereum's Next Big Upgrade Goes Live TODAY, and $33.7 BILLION Worth of Locked Staked ETH Becomes Tradeable Again...

Ethereum's next big upgrade, Shanghai (aka "Shapella") set for Wednesday at 22:27 universal time, 6:27 p.m. Eastern US. 

With the upgrade those who staked ETH for the ETH 2.0 merge will be given access to their coins again - about 15% of the total ETH supply wroth around $33.73 billion will become tradeable again. 
Will there be a sell-off?
Ethereum's price is lower than when most people initially locked up their staked coins, so we're expecting people will continue to HODL if possible.  
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Lido Finally Sets Date for stETH Withdrawals

Stakers will soon be able to swap stETH for ETH for the first time since 2020.

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Ethereum Staked ETH Withdrawals Coming Next Week: What It Means for You

Millions of ETH are set to enter the crypto market.

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Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March

The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit monthly gains. After the [...]

The post Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March appeared first on Crypto Breaking News.

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