Recent data shows a surge in wstETH deposits on Aave, raising questions about the impact on Lido, Rocket Pool, and Frax Finance.
For context, wstETH represents wrapped staked Ethereum, which tokenizes the ETH locked in a proof-of-stake network.
With the recent spike in Ethereum deposits, Aave stands to benefit. Users can now earn interest on their staked assets, allowing them to passively grow their holdings. Lido, a liquid staking protocol, has seen its daily activity surge by 46% over the last month. This growth can be attributed to users seeking to participate in staking while maintaining liquidity through Lido’s tokenized representation of staked ETH.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police on scene after woman pulled from backyard pool in BramptonPeel police are at the scene of a possible drowning at a Brampton home.
Read more »
Woman dead after drowning in Brampton backyard poolPeel Regional Police said the woman was found with vital signs absent and was taken to hospital.
Read more »
Woman pulled from pool at Brampton home dies in hospital: policePeel police are at the scene of a possible drowning at a Brampton home.
Read more »
Woman dies in hospital after being pulled from pool in BramptonPeel police say a woman pulled from a pool at a Brampton home on Wednesday afternoon has died in hospital.
Read more »
Deputy minister of finance Michael Sabia named CEO of Hydro-QuébecBut what the business veteran finds when he gets to corner suite at the provincially owned company could be unlike anything he’s dealt with before
Read more »