LSDx Finance 🍄 retweeted
#Ethereum liquid staking refers to unlocking your staked #ETH via derivatives, so you can reinvest it elsewhere. 🔓
If you’re looking to get into ETH liquid staking and how it works, find out here! 👇
coinmarketcap.com/academy/ar…
🌐 The blockchain space witnessed a groundbreaking shift this year, with rapid $ETH staking growth.
As of October 2023, liquid staking is now the biggest DeFi protocol category, locking in a staggering $23B across 119 platforms. And that's not all...
📊 Total staked $ETH has surged past 27M as of October 2, 2023!
LSD providers like LSDx are driving this evolution, unlocking liquidity and opening doors to diverse crypto opportunities.
The best part? More users can join the staking revolution with lower barriers to entry. 💫
LSDx Finance 🍄 retweeted
the EVM has won the TVL game
→ the top 8 chains run the EVM
→ EVM TVL is $33.8B (99%)
→ SVM TVL is $313M (<1%)
defillama.com/chains
3⃣ LSDxUM Collateral
$LSD will soon serve as collateral in the upcoming stablecoin module. It's a critical piece of the puzzle, ensuring stablecoin issuance remains secure and reliable. 💎
LSDx Finance 🍄 retweeted
Today is the 1 year anniversary of The Merge! 🥳
Since The Merge:
- 980,000 ETH burned 🔥
- 11.6 million ETH staked 🥩
- 362,000 new validators 🖥️
The markets have been bearish over the last year but the Ethereum ecosystem has never been more bullish!
LSDx Finance 🍄 retweeted
As the final day of year 0 of Ethereum Proof of Stake draws to a close, more than 300k ETH has been removed from the supply forever
How does the LSDx ecosystem benefit #LST assets?
🤗 LSDx offers LST assets a seamless platform for minimal slippage swaps using Stableswap, all while ensuring sustainable yield within the DeFi economy.
app.lsdx.finance/
