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CATEGORY: lsdfi


Jun 03, 2023 10:30

Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows

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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