don’t miss this airdrop i believe it’ll be a pretty decent sum of money to invest or enjoy w
it’s the amazing thing bout crypto
free money!
it’s the amazing thing bout crypto
free money!
Crypto Mumbles
minted EigenLayer’s NFT free mint https://zora.co/collect/eth:0x36b73d268a441164ea0e4e5560a579573a475ebf
Twitter
Every 24 h, @eigenlayer updates the NFT available for free minting.
It's highly possible that if they release a token, these NFTs will serve as reward boosters OR have an impact on the restaking yield.
In any case, go spend 5 bucks to mint one.
It's highly possible that if they release a token, these NFTs will serve as reward boosters OR have an impact on the restaking yield.
In any case, go spend 5 bucks to mint one.
another few bridges for L0 to hit
doesn't cost much so worth crossing
https://twitter.com/CC2Ventures/status/1669368283009634304?s=20
doesn't cost much so worth crossing
https://twitter.com/CC2Ventures/status/1669368283009634304?s=20
X (formerly Twitter)
CC2 (@CC2Ventures) on X
Found another recently launched project that let's you interact with niche LayerZero Source/Destination chains.
So niche, three of them have less than 150 txs in TOTAL with the LayerZero Executor. 👀
Bridge NFTs to:
• @CantoPublic
• @Meter_IO
• @tenet_org…
So niche, three of them have less than 150 txs in TOTAL with the LayerZero Executor. 👀
Bridge NFTs to:
• @CantoPublic
• @Meter_IO
• @tenet_org…
summary of Arthur Hayes latest article: Fungible
https://twitter.com/0xjaypeg/status/1669510971696590848?s=20
https://twitter.com/0xjaypeg/status/1669510971696590848?s=20
X (formerly Twitter)
jay (@0xjaypeg) on X
My wife divorced me because I ditched our date night and left her on read to get this summary done (true story)
Here's a summary of Arthur Hayes latest article: Fungible
📖
Here's a summary of Arthur Hayes latest article: Fungible
📖
👍1
Forwarded from CryptoQuant
All stablecoins supply issued in large quantities! 50% price increase??
"...the moment when stablecoins contribute most to a price increase is when prices are falling."
― Link
by Crypto_Lion | @cryptoquant_official
"...the moment when stablecoins contribute most to a price increase is when prices are falling."
― Link
by Crypto_Lion | @cryptoquant_official
if you need some LineaETH this faucet works
every other method seems to be congested
https://www.faucet.echodex.io/
every other method seems to be congested
https://www.faucet.echodex.io/
the scale of the next bull is gonna be way more insane than the 2021 bull market
exciting times ahead
https://twitter.com/brentsketit/status/1670512651904905218?s=21&t=asdycIJmsjRryiirSYsyAA
exciting times ahead
https://twitter.com/brentsketit/status/1670512651904905218?s=21&t=asdycIJmsjRryiirSYsyAA
Twitter
The 2021 bull market will fail in comparison to the great spot ETF bull market of 2024
rn CT is starting to get flooded w bullposting
if this were to play out similar to what i’ve experienced before, we’ll grind up just to nuke back down (lower than 25k)
the way MMs love to play it is ideally to push price past a euphoric price
in this case i think it’ll be past 30k
will be monitoring public sentiment
if this were to play out similar to what i’ve experienced before, we’ll grind up just to nuke back down (lower than 25k)
the way MMs love to play it is ideally to push price past a euphoric price
in this case i think it’ll be past 30k
will be monitoring public sentiment
👍1
Forwarded from Cookie Reads 🍪
Binance's report on LSDfi. A good breakdown of the current LSDfi ecosystem
State of LSD-Fi
· Total ETH staked surpassed 22.8mil ETH
· Liquid staking balances (from liquid staking providers) have grown alongside overall staking market: Currently Lido is the largest player with 28.9% market share
· Breakdown of ETH staking providers' market share
Financialization of LSDs through LSDfi
· Earning additional yield on top of base staking rate
LSDfi Ecosystem
· Concentrated, with top 5 players having > 81% total staked TVL
· Lybra: Market leader
· Types of LSDfi
(a) DeFi liquid staking providers: DeFi providers that enable users to stake and receive LSDs in return
(b) CEX liquid staking providers: CEXs that offer liquid staking services
(c) CDP stablecoins: Protocols that allow users to mint stablecoins using LSDs as collateral
(d) Index LSDs: Tokens that represent a stake in a basket of LSDs
(e) Yield strategies: Protocols that enable users to access additional yield opportunities
(f) Money market: Protocols that facilitate lending and borrowing using LSDs
Growth of LSDfi
· LSDfi protocols have seen exponential growth since mid-May
· Huge space for LSDfi protocols to grow
Tailwind 1: Staked ETH Growth
· Current ETH staking ratio: 16.1%, significantly lower than average of 58.1% of the top 20 PoS chains
· ETH staking ratio: Likely to increase with Shapella allowing stakers to exit their position at any time
· Influx of staked ETH: Positive catalyst and structural tailwind for LSD and LSDfi protocols
Tailwind 2: LSDfi Penetration
· LSDfi penetration is still low
· LSDfi TVL: < 3% of total addressable market
Risks of LSDfi
· Slashing risks: Penalties for failing to achieve certain staking parameters
· LSD price risks: Liquid staking token prices may fluctuate and differ from underlying token
· Smart contract risks
· 3rd party risks
https://research.binance.com/static/pdf/lsdfi-when-liquid-staking-meets-defi.pdf
Tag: Binance report, LSD, LSD-Fi
State of LSD-Fi
· Total ETH staked surpassed 22.8mil ETH
· Liquid staking balances (from liquid staking providers) have grown alongside overall staking market: Currently Lido is the largest player with 28.9% market share
· Breakdown of ETH staking providers' market share
Financialization of LSDs through LSDfi
· Earning additional yield on top of base staking rate
LSDfi Ecosystem
· Concentrated, with top 5 players having > 81% total staked TVL
· Lybra: Market leader
· Types of LSDfi
(a) DeFi liquid staking providers: DeFi providers that enable users to stake and receive LSDs in return
(b) CEX liquid staking providers: CEXs that offer liquid staking services
(c) CDP stablecoins: Protocols that allow users to mint stablecoins using LSDs as collateral
(d) Index LSDs: Tokens that represent a stake in a basket of LSDs
(e) Yield strategies: Protocols that enable users to access additional yield opportunities
(f) Money market: Protocols that facilitate lending and borrowing using LSDs
Growth of LSDfi
· LSDfi protocols have seen exponential growth since mid-May
· Huge space for LSDfi protocols to grow
Tailwind 1: Staked ETH Growth
· Current ETH staking ratio: 16.1%, significantly lower than average of 58.1% of the top 20 PoS chains
· ETH staking ratio: Likely to increase with Shapella allowing stakers to exit their position at any time
· Influx of staked ETH: Positive catalyst and structural tailwind for LSD and LSDfi protocols
Tailwind 2: LSDfi Penetration
· LSDfi penetration is still low
· LSDfi TVL: < 3% of total addressable market
Risks of LSDfi
· Slashing risks: Penalties for failing to achieve certain staking parameters
· LSD price risks: Liquid staking token prices may fluctuate and differ from underlying token
· Smart contract risks
· 3rd party risks
https://research.binance.com/static/pdf/lsdfi-when-liquid-staking-meets-defi.pdf
Tag: Binance report, LSD, LSD-Fi