Tag Archives: Lido

CoinspeakerEthereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds The Blast mainnet is now live, allowing over 180,000 users to unlock about $2.3 billion worth of funds, which attracted $85m in annual yield. Ethereum L2 Network Blast Launches Its Mainnet and Unlocks $2.3B in Locked Funds

The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) equity indexes advanced for the second consecutive day. Bitcoin (BTC) mining stocks enjoyed significant gains on Thursday as the price of the coin hovers around $35,000, its highest level in over 17 months. Bitcoin Mining Stocks’ Strong Performance According to reports, US-listed mining companies such as Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT), and CleanSpark Inc (NASDAQ: CLSK)...

Leading liquid staking protocol Lido Finance revealed on Wednesday that 20 Ethereum validators related to one of its infrastructure partners had been slashed of their ETH holdings. The company said its penalties already amount to 20.04 ETH, currently worth $30,900. What is “Slashing?” In an update over Twitter, Lido said that the problematic validators – connected to the “enterprise-grade” Ethereum node provider Launcnodes – have already been taken offline. The following day,...

The U.S. Securities and Exchange Commission is convinced that all crypto assets aside from Bitcoin are securities. Its latest war on crypto exchanges has included staking services, which the regulator seeks to shut down. This could push more staked ETH out of exchanges and onto the market-leading liquid staking provider Lido. This may sound good, but it poses significant risks to the Ethereum ecosystem. Lido Staking Risks Exposed Lido provides liquid staking services for...

Lido Finance – which is the largest liquid staking protocol on Ethereum – upgraded to version 2 earlier this week. The move essentially enabled liquid staking users, meaning, the holders of staked ether (stETH), to withdraw stETH to ETH from Lido at a 1:1 ratio. The latest data suggest that only 0.42% of the withdrawals have been processed so far. Aftermath of V2 Upgrade According to Switzerland-based 21Shares’ estimates, Lido Finance currently owns 31% of the total ETH...

Celsius’ wallets have been quite active amid its ongoing bankruptcy and restructuring process. The beleaguered crypto lender – which remains one of the biggest firms with a staked ETH portfolio – has transferred almost $900 million worth of the crypto asset over the past week. Celsius’ Ether Movement According to data shared by the blockchain intelligence firm Arkham, Celsius has moved around $20 million of ETH to Wintermute OTC and Custody Withdrawals. Subsequently, the...

Leading DeFi protocol Lido revealed that its NFT unstaking scheme would come full circle after the Ethereum Shanghai upgrade.  Prominent decentralized finance (DeFi) protocol Lido has announced plans to incorporate non-fungible tokens (NFTs) into its unstaking process. Yesterday, the largest DeFi protocol by total value locked intimated on the plans during its Node Operator Community Call #5. According to Lido, users will receive a transferable NFT that represents their request withdrawal...

Ethereum is the largest smart contract platform in the industry, and it underwent a major shift by transitioning to a new consensus algorithm in 2022. What is commonly referred to as The Merge saw the network abandon Proof of Work and transition to Proof of Stake in pursuit of fulfilling its broader roadmap towards scalability, decentralization, and security. Quick Navigation With the introduction of Proof of Stake on the Beacon chain a while back, users were able to deposit...