stETH


Markets

Could Bitcoin Become DeFi’s Collateral of Choice? Lombard Finance Says So

Lombard Finance aims to produce a yield-bearing bitcoin token, and potentially unleash a new wave of liquidity into the DeFi ecosystem.

Lombard Finance co-founder Jacob Philips. (Credit: Lombard Finance)

Markets

Staked Ether Is Creating a Benchmark for the Crypto Economy, Says ARK Invest

The growing use of stETH in DeFi protocols means ether’s yield is slowly taking the role of the federal funds rate in the crypto ecosystem, according to a report from Ark Invest.

Cathie Wood, CEO of ARK Invest, at Consensus 2024 by CoinDesk (Suzanne Cordiero)

Tech

Lido Attracted 10K Ether Stakers to Protocol in July

The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022.

(Getty Images)

Tech

EigenLayer’s Restaking Smart Contracts Reach Max Limit on Same Day as Mainnet Launch, Pulling in $16M

Notable depositor into EigenLayer’s pools includes one address that deployed the U.S.-sanctioned Tornado Cash money mixing tool.

Full fuel gauge icon (M-A-U/Getty)

Tech

Ethereum's Shanghai Is Nearing, but When Can I Withdraw My Staked ETH?

Even though the Ethereum blockchain’s Shanghai hard fork (also known as Shapella) will go live April 12, you might not receive your rewards immediately if you have staked ETH with a staking service or a staking pool.

Ethereum stakers may have to wait withdraw their ETH. (Britt Fuller/Creative Commons, modified by CoinDesk)

Videos

Lido Gearing Up For Ethereum's Upcoming Shanghai Upgrade

Lido, the biggest liquid staking platform on the Ethereum blockchain, opened a snapshot vote on its version 2 (v2) upgrade, which includes a "Staking Router" said to ease the onboarding of different validator subsets. The second element of the v2 upgrade will allow users to redeem Lido’s flagship stETH tokens for the underlying ether tokens once Ethereum’s Shanghai upgrade, more accurately known as "Shapella," hits. "The Hash" panel discusses what this means for the Lido community and the future of decentralization.

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Markets

Lido DAO’s Governance Token LDO Jumps on Treasury Proposal

The largest Ethereum staking service provider’s DAO has issued a vote over what it should do with its $30 million worth of ether.

(lido.fi)

Tech

Crypto Protocol Lido Proposes ‘Turbo,’ ‘Bunker’ Modes for Post-Shanghai Ether Withdrawals

The version 2 upgrade includes proposals that explain the protocol's staked ETH withdrawals plan and introduces a new staking router that aims to help decentralize the network.

(Element5/Unsplash)

Markets

Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama

Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space.

(Noah Buscher/Unsplash)

Videos

Ethereum Developers Target March 2023 for “Shanghai” Upgrade

Ethereum developers determined that the network’s next hard fork “Shanghai” will have a target release time frame of March 2023. This upgrade will allow Beacon Chain staked ether (stETH) withdrawals. “The Hash” panel discusses what that means for the future of Ethereum network.

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