2023-10-6 10:17 |
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
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The proposal, initially introduced in February, could harden Ethereum's native cryptocurrency, ether, as as a form of money – by reducing the inflation of new supply. But some members of the community say if it's not broke, don't fix it.
Money management giant Fidelity wants to allow traders of its potential ethereum fund to be able to stake some of the assets, it wrote in an amendment with the U.S. Securities and Exchange Commission (SEC).
Lido and 1inch's partnership aims to streamline the swapping process for stETH, wstETH, and ETH, particularly during the unstaking phase.
The POSA updated its staking principles to say that providers should communicate clearly and not control the amount of liquidity a user must provide.
Earlier this year, Ethereum staking was popular, particularly with Lido Finance's rise to prominence in the DeFi space, but it is now facing challenges, suspicions, and resentment.
More than 10,000 new stakers joined Lido (LDO) in July, according to the latest report from the liquid staking protocol, indicating its continued adoption and growth despite the current market situation.