Voting is underway for 24 hours in the #memes channel in the @indexcoop community discord server
The winner will take home $1000 in 🧊eth & the worst boomer meme will take home a truckload of $boomer coin (thanks @0xZakk & @JonathanHillis for the 🪂)
IIP-171: Launch the Diversified Staked ETH Index is now live on Snapshot 🗳️
dsETH will enable holders to diversify their stake across top ETH liquid staking tokens, using a methodology that promotes decentralization 🧩
~$7.7B worth of ETH currently exists in liquid staking pools, representing almost 1/3 of all staked $ETH
Lido’s $stETH commands the majority of the liquid staking market, but newer, more decentralized protocols like @Rocket_Pool and @stakewise_io have emerged as competitors
dsETH decentralizes Ethereum
The methodology is weighted towards protocols with more node operators and balanced distribution of stake, with the objective of encouraging decentralization and competition in the on-chain liquid staking market
1/ Everyone is looking for yield on $ETH, especially DAO Treasuries
$icETH is the long term position treasuries have been looking for to gain exposure to consistently high ETH yields safely in one token
How DAO treasuries can benefit from icETH 🧵 ⬇️
2/ Stockpiles of ETH sit idle within DAOs
$icETH, built on @LidoFinance and @AaveAave legos, automates and simplifies a sophisticated leveraged staking strategy by abstracting away active management of ETH yield positions to produce APYs up to 3x $stETH