Thread by @GracyBitget

Total Value Locked of #LSD protocols has surpassed lending protocols! 🙌 🔥

Find out how you can capitalize on this investment opportunity. 👇 🧵 (thread)

1/ According to @DefiLlama , the total value locked (TVL) in LSD protocols has reached $14.21 billion, exceeding lending protocols.

One of the targeted assets, $SSV, has seen tremendous growth in February 2023, reaching $45, up by 4.5 times from its January low.

2/ As a common investor, how can you leverage this impressive rise in Liquid Staking Derivates?

3/ Join #Bitget and trade now to take advantage of the hottest investment opportunity in the market. #LSD #ETH #Bitget

bitget.com/en/markets

4/ Currently, Ethereum's overall staking rate is only 14.41% of its supply,

indicating huge potential for growth in Liquid Staking Derivatives.

5/ With the approaching #Shanghai upgrade of #Ethereum,

top projects such as
- #Lido @LidoFinance
- #RocketPool @Rocket_Pool
- #Frax @fraxfinance
- and $SSV @ssv_network are expected to experience significant price fluctuations,

presenting wealth-building opportunities.

6/ Additionally, the derivatives market of #LSD is worth keeping an eye on as various protocols compete for market share by introducing new products.

7/ Yield aggregation projects such as $YFI plan to launch products based on a basket of xETH to boost #APY.

8/ Don't miss out on #LSD

Investors can either invest in the top projects or stake $ETH to earn high #APY returns.

☑️ #Bitget has launched the most comprehensive #LSD trading zone for users to explore!

bitget.com/en/markets