In the up weeks over 20 billion in $ETH will be unlocked.
This will basically bring huge demand for #LSD protocols like $LDO
Could this be next 20x opportunity may be presenting itself? 🧵
Like/RT for others 🤝
This will basically bring huge demand for #LSD protocols like $LDO
Could this be next 20x opportunity may be presenting itself? 🧵
Like/RT for others 🤝
What I'll be covering:
• What is ETH shanghai upgrade
• What this upgrade means for eth
• Bullish protocols in the LSD narrative
• What is ETH shanghai upgrade
• What this upgrade means for eth
• Bullish protocols in the LSD narrative
Before we dive in...
What does the $ETH shanghai even mean? 🤔
Users have helped to validate transactions on the so-called Beacon Chain since December 2020, when the proof-of-stake network launched.
What does the $ETH shanghai even mean? 🤔
Users have helped to validate transactions on the so-called Beacon Chain since December 2020, when the proof-of-stake network launched.
But so far staking has been a one-way trip: Funds were locked in the deposit contract while Ethereum developers built out the network in real time.
Protocols such as $LDO , $RPL $SWISE and others have begun offering “liquid staking” minted tokens to fill the gap.
These tokens represent staked ETH but fluctuate in price, and can be used across the DeFi ecosystem.
These tokens represent staked ETH but fluctuate in price, and can be used across the DeFi ecosystem.
It remains to be seen how the upcoming Shanghai upgrade which may precede a flood of ETH tokens into the market, by enabling new and existing stakers to withdraw – will affect these protocols that dominate liquid staking today.
Overall, this upcoming upgrade has the ability to increase the popularity of $ETH staking.
It will drive competition between staking protocols to users’ benefit, while also improving the security of Ethereum’s new PoS chain.
It will drive competition between staking protocols to users’ benefit, while also improving the security of Ethereum’s new PoS chain.
So which protocols am i bullish on with the #LSD narrative?
To start off $LDO is the first on my list
why 👇
To start off $LDO is the first on my list
why 👇
https://twitter.com/LidoFinance/status/1622963224898330624
It has a cool feature where it lets users stake their ETH - with no minimum deposits or maintaining of infrastructure
whilst participating in on-chain activities, e.g. lending, to compound returns.
whilst participating in on-chain activities, e.g. lending, to compound returns.
$RPL - @@Rocket_Pool
$RPL is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking.
What i like the most is that users can join the $RPL with its decentralized node operator network or run their own nodes with only 16 ETH.
$RPL is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking.
What i like the most is that users can join the $RPL with its decentralized node operator network or run their own nodes with only 16 ETH.
@Rocket_Pool $SWISE - @stakewise_io
$SWISE is another potential project.
Token holders of pSTAKE supported PoS networks can deposit their assets on the pSTAKE to initially mint 1:1
pegged ERC-20 derivative tokens and utilized within the existing $ETH DeFi Ecosystem to maximise yield
$SWISE is another potential project.
Token holders of pSTAKE supported PoS networks can deposit their assets on the pSTAKE to initially mint 1:1
pegged ERC-20 derivative tokens and utilized within the existing $ETH DeFi Ecosystem to maximise yield
https://twitter.com/1163782803298951170/status/1575487080008130562
@Rocket_Pool @stakewise_io $FRX - @fraxfinance
$FRX is a liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem to maximize staking yield and smoothen the $Eth staking process for a simplified, secure, and DeFi-native way to earn interest on $ETH.
$FRX is a liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem to maximize staking yield and smoothen the $Eth staking process for a simplified, secure, and DeFi-native way to earn interest on $ETH.
https://twitter.com/1123761442824519682/status/1397029010568138757
$SD - @staderlabs
$SD is building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges and custodians.
It's also building extremely modular smart contracts so third parties can leverage our components and build custom solutions.
$SD is building key staking middleware infra for multiple PoS networks for retail crypto users, exchanges and custodians.
It's also building extremely modular smart contracts so third parties can leverage our components and build custom solutions.
$PSTAKE - @pStakeFinance
With the launch of pSTAKE & Dexter on the Persistence Core-1 chain, the vision for $Pstake is to build a highly capital-efficient ecosystem around #LSD 's taking shape.
With the launch of pSTAKE & Dexter on the Persistence Core-1 chain, the vision for $Pstake is to build a highly capital-efficient ecosystem around #LSD 's taking shape.
@pStakeFinance $STG
Is a another promising low cap in the #LSD narrative.
To understand what $STG is building @cryptoshlug created a full thread on $STG
Is a another promising low cap in the #LSD narrative.
To understand what $STG is building @cryptoshlug created a full thread on $STG
https://twitter.com/CryptoShlug/status/1615122225690025987
Btw I recently created a FREE tg channel finding hot narratives, and altcoins and sharing interesting things I find on the web.
Feel free to join -> t.me/+CuGQgufhkk0xY…
Feel free to join -> t.me/+CuGQgufhkk0xY…
Tagging the CT army:
@ViktorDefi
@crypthoem
@NDIDI_GRAM
@PrudentSammy
@Only1temmy
@CryptoShiro_
@2xnmore
@thelearningpill
@MercyDeGreat
@wauwda
@IamZeroIka
@CryptoGirlNova
@ViktorDefi
@crypthoem
@NDIDI_GRAM
@PrudentSammy
@Only1temmy
@CryptoShiro_
@2xnmore
@thelearningpill
@MercyDeGreat
@wauwda
@IamZeroIka
@CryptoGirlNova
@ViktorDefi @crypthoem @NDIDI_GRAM @PrudentSammy @Only1temmy @CryptoShiro_ @2xnmore @thelearningpill @MercyDeGreat @wauwda @IamZeroIka @CryptoGirlNova That's it for now. If you appreciate the effort, here's the first tweet below
Please RT/like if you found this thread interesting 👇
Thank you 🫂 🤍
Please RT/like if you found this thread interesting 👇
Thank you 🫂 🤍
https://twitter.com/1373665408193036293/status/1630981253951528961
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